Charities Risk Management Survey 2004 Launch

7th May 2004

Accountants and business advisors PKF and the Charity Finance Directors' Group are launching their annual Charities Risk Management survey and would like to invite charities to participate. Questionnaires will be available from 30 April, contact Janette O'Byrne, telephone 020 7065 0318 or email janette.obyrne@uk.pkf.com.

The survey, in its third year, will focus on managing and reducing the risks faced by the charity sector, looking at everything from reputation, ineffective management and IT failure, to issues of organisations' willingness to take on risk, and strategic direction. Questionnaires must be completed and returned to PKF by 11 June. For the first time charities can respond online.

Last year almost 400 charities took part in the survey "Reaping the rewards - is risk management proving its worth?" which is the most comprehensive study of how charities are dealing with risk.

Last year's survey found that risk management is a strong factor in investment decisions and major changes by more than 70% of charities, less than half of charities have a business continuity plan to cope with technical, natural or financial disasters, less than 20% have a fraud response plan and that only a third have a media response plan, leaving their reputation vulnerable to attack.


Notes to Editors:

1. PKF is one of the UK's leading firms of accountants and business advisors and specialises in advising the management of developing private and public businesses. The firm has more than 1,500 partners and staff operating in 25 offices around the country. Principal services include assurance and advisory; consultancy; corporate finance; corporate recovery and insolvency; forensic; and taxation. The firm has particular expertise in advising sectors such as small and medium-sized companies; charities; hotels and leisure; medical; professional partnerships; public sector; and technology. The firm's web site is www.pkf.co.uk.

2. PKF also offers financial services through its FSA authorised company, PKF Financial Planning Limited.

3. The Charity Finance Directors' Group was set up in 1987 and is an umbrella group that specialises in helping charities to manage their finance-related functions.

4. CFDG's 1000 plus members are responsible for the finances of charities with a wide variety of income levels. Over 60% of the top 500 charities are members of the CFDG. Between them CFDG members manage about £10 Billion in charity income per year.

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