Good morning
You're either, repeating something you heard down the pub, or you actually read the accounts and don't know the difference between cash and asset. Either way you're being a tard.
( Ring Of Fire A petty, drooling belming butthurt retard., Tue 28 Feb 2012, 7:03, 2 replies)

I remember hearing something on the radio
about charities with large reserves. NSPCC and RNLI were the worst offenders, although they paled in comparison to the National Trust. Of course, the National Trust's worth is all tied up in property!
( monster munch person, man, woman... camera... TV?, Tue 28 Feb 2012, 9:00, closed)

Latest accounts
Long-term investments: £235.92m. OK, quarter of a billion rather than half a billion.

www.charity-commission.gov.uk/Showcharity/RegisterOfCharities/CharityWithPartB.aspx?RegisteredCharityNumber=209603&SubsidiaryNumber=0
(ubergeekian, Tue 28 Feb 2012, 9:32, closed)

so you think long term investments are the same as cash reserves?

( Ring Of Fire A petty, drooling belming butthurt retard., Tue 28 Feb 2012, 12:51, closed)

Convertible easily enough
All they mean is "stuff we don;t need to use for immediate day to day spending"
(ubergeekian, Tue 28 Feb 2012, 15:40, closed)

OK. So it's not cash, and it's not half a billion, part apart from that you're absolutley right
If I was running a service like the lifeboats I’d do it by creating a revenue stream from a portfolio of investments, rather than go to the warehouse every month, prise the top off some collection buckets and hope they’ve got enough in them.

Which I guess is why you do what you do what you do, and other people are in charge of stuff.
( Ring Of Fire A petty, drooling belming butthurt retard., Tue 28 Feb 2012, 16:22, closed)