Deputy Chair Susan Robinson writes: The Times and Sky News have been focusing on the amount of ‘money’ some of the large military charities have been sitting on. The analysis of these reports is somewhat flawed as they have not fully understood the difference on unrestricted reserves and free reserves nor the longer term requirements of the work that they will be doing with beneficiaries over a number of years. What it does emphasise is the importance have having a clear stated and understandable reserve policy in the Trustee Report. Further the report should be clear on what they are doing and will need to do in the future.
Times article here.
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