Risk Management for Charities

Like all organisations, charities and other not-for-profit organisations face risks every day, which they need to identify and manage. It is a requirement of SORP that charity trustees review risks on an annual basis and take steps to address them.

There are many types of risk facing charities. For example:

• Would your organisation survive a fire?
• How would loss of data affect your income?
• What are the risks of fraud within your organisation?
• Are your funding streams all secure or do you need to diversify?
• How would you deal with a flu pandemic?
• How can you reduce the impact of losing key staff

Identifying risk is just the starting point. You then need to develop a plan to reduce the impact on your organisation and allocate responsibilities across your team. We have many years experience in risk planning, so talk to us about how we can help you manage the risks to your organisation.