Charities and Risk Management CC26 (2010)

This Charity Commission guidance outlines the basic principles that can be applied to help charities manage their risks. It should help trustees set a risk framework that allows them to:

• Identify the major risks that apply to their charity.
• Make decisions about how to respond to the risks they face.
• Make an appropriate statement regarding risk management in their annual report.

The main body of the guidence covers:

• An overview of the reasons and processes involved in risk management.
• The legal requirement of trustees to make a risk management statement in their annual report, and what that statement must contain.
• A model of risk management to help charities work through the process. This section is intended to be of particular interest to those currently carrying out or involved in the identification and management of a charity's exposure ot risk.