Charities and voluntary organisations
Know your risks and how to manage them
Charities, voluntary and community organisation are probably the UK’s most diverse sector. From frontline services to research, international aid to grant making, they cover a huge variety of bases.
With funding constraints and rising user demand, risk management can inevitably become low priority, both operationally and strategically.
IRM’s approach to risk management is what’s known as ‘enterprise wide’. That means it works for organisations of all types and sizes. It also encourages proportionality. This helps you put the relevant level of resource into identifying your risks and managing them, without unnecessary ‘gold plating’.
For more information contact Victoria Robinson:
+44 (0) 20 7709 9808
IRM benefits for charity staff
Charities benefit from a significantly reduced IRM membership rate plus waived joining fee.
Charities also benefit from 10% off member rates for all IRM training courses. Plus, if more than one person from a charity books the discount rises to 15%. See all courses.
Charities Special Interest Group (SIG)
Run by IRM members working for charities or with the sector, the Charities SIG meets monthly online to develop campaigns and events for the charity and voluntary sector.
The SIG has now produced a Setting Risk Appetite flyer and supplementary booklet for all to use:
- Setting your risk appetite
- Setting your risk appetite: supplementary guidance
- How to frame your statement (table)
Knowing whether you are ‘Getting Better’ is a useful thing to do and the SIG’s flyer and maturity framework will have you thinking about where your charity is up to in the risk management maturity journey:
We would like to acknowledge the following people for providing assistance/sources of information for this work:
- National Audit Office – managing risks in government
- HM Treasury – Risk Management assessment framework
- Turning risk into results – Ernst &Young
- IRM risk culture consultation documents
- APM Risk SIG – presentation from 2004
- Managing risk in charities – CFDG & Cass business school
- The IACCM Business Risk Management Maturity Model (2003), available at http://risk-doctor.com/pdf-files/brm1202.pdf
- Dr David Hillson, The Risk Doctor – “Towards a Risk Maturity Model” (1997), available at http://risk-doctor.com/pdf-files/rmm-mar97.pdf
Practical help for charities
Getting Started: Youtube Presentations:
Presentation 1 - Getting started
Presentation 2 - Risk assessment
Presentation 3 - Risk treatment, monitoring and review
Presentation 4 - Risk communication
Presentation 5 - The Risk Management Framework
Charities SIG Newsletters:
Read our Charities blog. If you would like to contribute a blog post please contact Victoria Robinson here.
Blog post 4: Goldilocks in South Africa
Dr Peter Tobin
I first got involved with Ubuntu Community Chest (UCC) a couple of months ago, when they asked me to run workshops for Not for Profits in the South African province of KwaZulu-Natal Read more
Blog post 3: Why chasing the money can be bad for your health
I’ve just finished a verbal marathon – speaking at three events on ‘Planning your strategy’ as part of IRM Charities Special Interest Groups ‘Getting Started’ campaign for charities. Read more
Blog post 2: Do you need assurance?
This is my first blog in a series that I hope will provide useful information on internal controls, risk and assurance, and also spark discussion on good practice. Read more.
Blog post 1: Bang goes the theory
Writing the Getting Started leaflet and extra guidance was an act of pure humanitarianism. I did it to spare you what I had to go through when I first had to tackle risk management. Read more.
Publications to download
IRM Charities Special Interest Group - Getting Started Guide
(Select the ‘Flip on short side’ option to print)
Risk management for charities
Getting started: supplementary guidance
Risk Culture: executive summary
Risk Appetite: executive summary