Managing Reserves
Whether you are blessed with significant reserves, or scraping by with nothing spare, your PCC needs to do two things:
- Develop a policy on the level of reserves and why they are needed
- Decide where your reserves will be invested
This is a Charity Commission requirement, whether your PCC is directly registered with the Commission or not.
There is guidance available from:
- Parish Resources: Managing Reserves
- Charity Commission: Charity Reserves; Building Resilience
- 5-Minute Guides
- Diocesan Investment Advisory Group: Investment Guidance for Parishes