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In this episode of the Third Sector Podcast, features and analysis writer Rebecca Cooney and editor Emily Burt discuss the impact the pandemic has had on charity reserves.
In March, the Respond, Recover, Reset project published the results of a snapshot survey of 600 organisations, which included questions about reserves.
It found that two in five voluntary organisations reported having six months of reserves, but 46 per cent of organisations said they were forced to use their cash reserves to cope with the pandemic’s impact.
Almost 10 per cent of survey respondents said they either have no cash reserves or not enough to last them a month.
Rebecca and Emily hear from Caron Bradshaw, chief executive of the Charity Finance Group, about the reserves trends she has noticed as a result of pandemic, and what her advice is for charities that want to keep their reserves robust.
This week's Good News Bulletin includes:
- Paul Taylor's plan to raise money for charity by visting all the rude and amusing place names in the UK on a moped.
- The news that the RNLI has appointed its first full time female coxswain in its 197-year history.
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