The Wealth Of Nations

Finance

The Board of Trustees at C-Change is committed to ensuring the effective use of public funds. In recent years, the third sector has faced significant challenges, including severe budget cuts, rising hourly rate pressures, increased regulatory demands, and a recruitment crisis. These factors have impacted our organisation this year. Following best practice the Board aims to maintain sufficient reserves to fulfil its obligations. This includes holding general reserves equivalent to at least three months of operating costs and other liabilities.