How trustees can identify, assess and manage risks to their charity.
Charities can face a wide variety of risks which could affect their beneficiaries if not dealt with properly.
A risk is any event that could prevent a charity achieving its aims or carrying out its strategies. Some risks charities can face include:
- damage to the charity’s reputation
- receiving less funding or fewer public donations
- losing money through inappropriate investments
- change in the government’s policy on a particular issue, affecting grants or contracts