Charity Commission Outlines New Risk Framework

Charity Commission Outlines New Risk Framework

A new approach to regulation has been published by The Charity Commission, the regulator for charities in England and Wales. Our Regulatory Approach to Protecting the Public's Interest in Charity: How We Assess and Manage Risks was developed following the Commission's Strategic Review consultation and subsequent restructuring in light of its funding being reduced by a third in real terms over the Spending Review period. It explains to trustees, charity advisors and the wider public the Commission's approach to regulation and how it assesses risks affecting charities, the wider charity sector, and public confidence.

Sam Younger, Chief Executive of the Charity Commission said;

"In discussions with the sector about our strategy, there was a strong emphasis on managing and identifying the areas of greatest risk to charities and the wider sector. This approach sets out how we will use our resources and expertise to target the areas of highest risk and where our intervention will have the most impact.

We will continue to deal with serious abuse and non compliance, and do so robustly. We recognise that some trustees, acting honestly and reasonably, may make mistakes. However, careless and deliberate wrongdoing damages not only the charity concerned but public trust in the sector more generally. If something goes wrong, we expect trustees to take responsibility for putting things right. There will also be a greater expectation for trustees to tackle issues of potential risk to their charities head-on."

The Commission has also published a document which explains how the framework will be applied.

More details can be found by clicking here