In most charities, trustees are confident in the difference between restricted funds (ring-fenced by the donor) and unrestricted funds (which can be spent on any of the charity’s purposes). Where it often gets hazy is the middle ground: designated funds.
Trust is the foundation of the charity sector.
Donors trust that funds will be used appropriately. Beneficiaries trust that decisions are made in their best interests. And regulators trust that Trustees are acting with independence, integrity and proper oversight.
When trustees prepare a Trustees’ Annual Report (TAR), some sections come easily. Achievements and impact feel natural to describe, and the financial review provides clarity on resources. But the “Plans for the Future” section often gets overlooked or treated vaguely.
If your charity runs regular activities in local halls, libraries, or community centres, you could be eligible to increase your Gift Aid Small Donations Scheme (GASDS) claim – potentially multiplying your claim limit based on where you work.