Funders
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OPEN strives to attract national funding to match local funding, increasing the resources available for youth-led services in Shetland. Current funding: 40% local / 60% national.
Current funding: 40% local / 60% national
Finances
OPEN’s statement of the charity’s policy on reserves:
The trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. They have established a policy whereby the unrestricted funds held by the charity should be between 3 to 6 months of expenditure. However, the trustees recognise this sum may only be achieved by building on reserves through operating surpluses that may be subject to funder grant condition restraints.