Group aims & objectives
As anyone working for a large charity will know, the SORP 2000 introduced a requirement for trustees to state, in their charity’s annual report, that: "..the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks."
The Charity Commission also recommends that all charities large or small take risk management into account as best practice. With circa 90% of the 180,000 charities registered in the UK earning less than £10,000 a year, there are a lot of small charities out that don’t have the resources to put in place complicated risk management programmes.
Risk management may sound like management speak but it is really a very simple concept: work out what you are aiming to do, identify the risks affecting your goals and then consider what, if anything, you need to do about them in order of biggest first. Every charity has risks and our aim is to try and put together straight forward, accessible advice for the sector and to highlight the positive contribution that effective, appropriate risk management can make to a charity. This advice will be put together using the wealth of experience and knowledge that the members of the Group possess. Our members include people from charities, organisations that support charities and risk management consultancies.
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