Risk registers should draw together the key information for the highest priority risks: Clear identification of the risk Consequences of that risk becoming a

The two contributing factors are likelihood and impact. A possible approach would be that likelihood be scored 1-5 from very unlikely, unlikely, possible, likely,

Step 1 understand your funds, the split between restricted, unrestricted, endowment etc Step 2 review future income streams, identifying which streams are continuing into

Free reserves are unrestricted funds available for spending. Because charities can raise funds that are restricted for specific uses, or have endowments or designated

Charities might hold reserves for the following reasons: ● to fund working capital● to fund unexpected expenditure, for example when projects overrun or unplanned

Organisations are required to: 1. be aware of who their related parties are 2. actively manage any transactions with them 3. disclose any related

The annual financial statements have to include a note to the accounts for disclosure of any related party transactions. If there are no related

A related party transaction may be on terms that are beneficial to the charity, or they may be on normal terms, known as arm’s

A related party transaction is a transfer of resources, services or obligations between related parties, regardless of whether a price is charged, including: Purchases

Related party is a term used by The Charities Statement of Recommended Practice that combines the requirements of charity law, company law and the

Cultural fit; perhaps the most significant barrier to successful merger is lack of “cultural fit”. Many charities rely on the goodwill of their stakeholders

The merger process can usually be broken down into five steps: 1. Feasibility study; undertaken to establish whether the merger is likely to work

A merger between two organisations can provide a number of benefits by reducing overall risk, potentially taking advantages of synergies in operations, and offering

In order to document the agreement between partners, you should draw up a collaboration agreement or memorandum of understanding. The precise form of this

Before you enter any form of collaboration, it is sensible to undertake some due diligence, taking it further if you are considering a deeper

You can manage some of the risks by undertaking adequate due diligence and setting up an appropriate legal framework in the collaboration agreement. There

Working together with another organisation may allow your charity to deliver new or improved services for your beneficiaries, particularly if your beneficiaries have a

A collaboration could take the form of: A joint operation, where two or more organisations perform functions contributing to a project. Sometimes known as