Further Guidance Can Be Found In The Charity Commission’s ‘Charities And Risk Management’ Report..pdf

CC26.pdf
Preview of Further guidance can be found in the Charity Commission’s ‘Charities and risk management’ report.
🔗 Source: assets.publishing.service.gov.uk
📊 Size: 1.03 MB
👤 Author: Charity Commission
⬇️ Downloads: 114

Summary

Charity trustees must regularly review and assess risks faced by their charity and plan for risk management to achieve key objectives and safeguard funds and assets. This guidance outlines basic principles and strategies for risk management, including identifying major risks, responding to risks, and making a risk management statement in the annual report. The guidance covers the reasons for and processes involved in risk management, the legal requirement for a risk management statement, and a risk management model. Charities face various types of risk, including financial, non-financial, and operational risks, and must consider their ability to continue meeting beneficiaries' needs. Effective risk management helps ensure significant risks are known and monitored, enabling informed decisions and timely action.

Description

Charity trustees must regularly review and assess risks faced by their charity and plan for risk management to achieve key objectives and safeguard funds and...

Technical Information

  • File Format: PDF
  • File Size: 1.03 MB
  • Pages: 33
  • Language: EN
  • Author: Charity Commission
  • Total Downloads: 114
  • Last Updated: 1 month ago

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