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 members of the AVN network of accountants, we
are a part of the National Campaign (http://www.thenationalcampaign.co.uk),
whereby members have committed themselves to giving
away £20 million pounds worth of professional
services to UK business and the voluntary sector,
in the form of discounted professional services. Many
services that we provide will reflect a discount representing
our contribution to the National Campaign.
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
|
