Managing risk: reducing your risk exposure is the third annual survey of senior managers and charity trustees by the two organisations, and looks into the main areas of worry for UK charities.

It found that two thirds of the 308 organisations taking part were concerned about the Charities Bill and the new SORP, with issues such as pensions, insurance, regulatory and funder requirements also causing worries. And although some level of risk management is in place for 97% of charities, one in ten were facing at least one major risk that they had little or no control over, indicating “that although charities are good at identifying the threats to them, they are less effective at addressing them”.

However, the issue of concern to the most participants was that of reduced income, with as many as 80% of charities citing a reduction in fundraising income and grants as a considerable risk.

Charles Cox, partner and head of charities at PKF said: “There are significant changes taking place in the sector at present with the Charities Bill, Standard Information Return, changes to accounting and Gift Aid rules and increases in pension costs. The results of the survey suggest that charities are struggling to cope.”

For copies of the survey contact janette.obyrne@uk.pkf.com call 020 7065 0318.