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Advice on risk management

Click here for the Charity Commission guidance.

A process of risk management by charities is required by the Charity Commission and is an integral part of good charity governance.

Risk management should not be seen purely as a compliance issue or as being solely focused on the prevention of disaster. The process will enable trustees to focus on the mitigation of risks that would prevent the charity achieving its strategic objectives. In so doing, charities will be able to take opportunities and develop with an understanding of the risks faced, and with confidence that reasonable steps have been taken to mitigate them.

Risk management is inherent in other policy areas required either by general law or by the Charity Commission, such as financial controls, health and safety policy, investment policies, equal opportunities policies, fundraising policies, purchasing policies, and reserves policies. The advice that Peter Brown & Co can give in such areas is set out elsewhere on the website.

The Charity Commissions guidance on risk management is wider than these specific risk areas.

Good practice requires a formal risk policy, a process for identifying and managing risk, and for monitoring action taken. The maintenance of a risk register is an integral part of such a process.

The process of risk management should be varied to meet the circumstances of the particular charity, but even a small charity should adopt an appropriate process.

Peter Brown can help both small and large charities develop and implement a risk management policy and process that is relevant to their particular needs.

 

As with all our services, our fees are highly competitive. Our offices are set in a rural location, and therefore we have low premises overheads. This means that we are able to offer the highest quality services, very often at the lowest price.

For further information, please email info@sorpaid.com or complete our Enquiry Form

 

 
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