If this sounds like your National Society

We have no reserves policy and no idea what we should hold

Reserves and core cost recovery are the same conversation. The Centre calculates what the National Society actually costs to run, then sets a reserves target the board can defend.

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CCC Core Cost Calculation

Calculates the National Society's core cost, the minimum annual cost of existing and meeting its statutory duties, from audited figures. It also sets the recovery rates needed to fund that cost, keeping the core cost recovery rate distinct from the Indirect Cost Recovery rate.

Sustainability

What may follow