VA Briefing 72 – Risk management for charities – a good opportunity…

Risk management is now a legal requirement for charities with a gross income of over £250,000. However, the Charity Commission feels that smaller charities should also establish a risk policy as a matter of good practice to demonstrate the charity’s account ability to its stakeholders (funders, general public, clients, etc). The obligation to consider and take steps to reduce risk is not new; trustees have always had aduty to safeguard the charity and its assets. What is new is the duty to say they have done so.

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This Briefing was published in September 2003. The content and resources were applicable at the time of going to press. Much of the information contained in Briefings is generic but some facts and contacts details may change and /or go out of date. You are therefore advised to double check the currency of the content in this document.