Thousands of people give up their free time to sit on charity boards as they want to make a difference to the communities and causes that they are passionate about. But now, more than ever, trustees of small and local charities and community groups need to ensure that their organisations are being run efficiently and effectively.
Whilst many charities hold reserves the trend is that more and more charities are dipping into those reserves to meet demand. The Small Charity Index reports how as demand for services has increased by 103 per cent between June 2013 and May 2017, use of reserves has also increased by 63 per cent in the same period (Figure 1). It is therefore easy to see why so many charity trustees are to a lesser or greater degree anticipating closure.