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The BIG risks facing the
UK Charity & Not for Profit sector
of charities may
struggle to meet their
charitable objectives
...
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Infographic: the BIG risks facing the charity sector

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Our infographic looks at the big risks affecting the charity and not for profit sector.Today's charities are facing all manner of challenges – be it trustee liabilities, strategic risks, fundraising risks, emerging risks like data protection and social media, property loss, or pensions deficits.

Published in: Government & Nonprofit
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Infographic: the BIG risks facing the charity sector

  1. 1. The BIG risks facing the UK Charity & Not for Profit sector of charities may struggle to meet their charitable objectives The Funding Challenge, Baker Tilly, 2013 46% Are you aware of legislative changes regarding defence against liability claims? How do you mitigate health & safety and public liability risks? 1/3of public liability claims received by a leading charity insurer are for slips and trips... Ecclesiastical Insurance Group (EIG) 18%– the amount public liability claims have increased by Ecclesiastical Insurance Group (EIG) 30%of charities don’t have a risk policy and... 41%have no action plan to address risks higher than their risk tolerance Charities Risk Survey, 2012 (CFDG & PKF) Guardian Voluntary Sector Network Survey of charities worry about maintaining quality of service with reduced resources 30% In today’s litigious society are you adequately covered? Trustees are liable for the actions of their charity, yet some have limits of Trustee Indemnity as low as £250,000... in donations could be lost as a consequence of new rules on cold calling Third Sector Research £4m of not for profit organisations provide professional advice... Do you have adequate Professional Indemnity cover? SME Insurance Survey 2014, Datamonitor Financial Over 40% Guardian Voluntary Sector Network Survey of voluntary sector organisations say loss of funding is their biggest challenge 65% 50%of charities provide induction and ongoing training to trustees SORP 2015: The State of Charities, Baker Tilly Less than The law states that organisations with an income over £250,000 must have a risk management statement... Do you? How confident are you that it is fit for purpose? www.thesundaytimes.co.uk The top 40 UK charities are reported to have a combined pension deficit of £5.5bn Talk to us For advice about these, or any other risks facing your organisation, please get in touch. We would welcome the opportunity to offer you our expert advice with a free, no obligation consultation. Call us on 0330 660 0148, email us at charitiesandnfp@lucasfettes.co.uk or visit www.lucasfettes.co.uk/charitiesandnfp Lucas Fettes & Partners Ltd are independent insurance intermediaries authorised and regulated by the Financial Conduct Authority. Lucas Fettes & Partners (Financial Services) Ltd are independent and restricted financial advisers authorised and regulated by the Financial Conduct Authority. of a charity’s annual income (on average) comes from their investment portfolio SACEVO Report: Commission on Ethical and Responsible Charity Investments 6% 22,000charities are due to stage for automatic enrolment in 2015 and beyond... Have you prepared for the financial implications of automatic enrolment?

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