Keeping account : a guide to charity financial analysis

"In this report, we think about how charities should manage themselves and spend their resources, addressing issues such as:

• fluctuations in statutory income in a time of government cuts and changes in commissioning processes;
• difficulties of increasing voluntary donations generally and income from major donors in particular;
• the rise of new types of income: social investment and other forms of loan;
• whether levels of spending by charities on administration and fundraising matter;
• what level of reserves charities should ideally hold—especially in a period of slow growth;
• governance and the importance of constructive board involvement."