Charity law requires trustees to carry out a risk assessment and to ensure that you have plans in place to mitigate the identified risks. We can assist you with your risk assessment and advise you on planning to mitigate the identified risks.
A significant factor will be ensuring that you have the right reserves for your charity taking into account the potential risks.
Larger charities also need to disclose their reserves policy, but all too often this is a “boilerplate” disclosure with little thought having gone into what reserves are actually needed. We can discuss your reserves policy with you and advise on its appropriateness and the required disclosures.
To receive expert advice on risk assessment and reserves planning contact us today.