The Strategic Plan and risk register identify the strategic objectives, structure, activities,
challenges, resources required and major risks to which the organisation is exposed. The risk
register is approved by the Management Committee annually. It is the policy of the charity to
maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to
approximately 3 months unrestricted expenditure. This provides sufficient funds to cover
management and administration support costs and to respond to emergency applications for
grants, should the need arise. Risk assessment and management is undertaken and recorded in
relation to specific services delivered and in response to changes in legislation and funding
available. The Finance Policy & Procedures outline those authorised to make payments, place
orders and take other actions with financial consequences.
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