contained within BSSU policies, BCEM and for ensuring staff receive exposing BSSU to potential SM appropriate training challenge, financial sanctions or SEEM Policies clearly define delegated areas CEO reputational damage of responsibility with all internal SMT policies revised in 2012-13. FRM Line managers are responsible for ensuring staff and volunteers in their departments understand and comply with policies and for reporting breaches to the designated person(s) Trustees, officers, and volunteers are responsible for ensuring they carry out their responsibilities in line with those policies FRM Training for trustees and managers CEO DRWM was reviewed and changes Search implemented from 2015 to ensure Committee continuity of standards maintained. Training requirements then reviewed annually. Risk Risk Rating Managed Monitored Review Risk Area Issue / Risk Nature Trend Controls/Mitigation No by by Date I L I x L F1 Unrestricted reserves and budget R,B,S 4 3 4 CEO Budgets are realistic and prepared in Board of Ongoing provision are insufficient to meet FRM line with Financial Procedure Trustees strategic ambitions SUPres guidelines and approved annually by of Trustees Medium Term financial plan prepared Ongoing to complement Strategic Plan and updated annually to give indicative 3 Financial year forecast Reserves and Investment policies Ongoing developed to support strategic ambitions and ethical policies of BSSU F2 Cash flow insufficient to meet R,B,S 2 1 2 FRM Good treasury management SMT Ongoing existing commitments Routine monitoring of cash position F & R Committee
contained within BSSU policies, exposing BSSU to potential challenge, financial sanctions or reputational damage BCEM SM SEEM FRM DRWM and for ensuring staff receive appropriate training Policies clearly define delegated areas of responsibility with all internal policies revised in 2012-13. Line managers are responsible for ensuring staff and volunteers in their departments understand and comply with policies and for reporting breaches to the designated person(s) Trustees, officers, and volunteers are responsible for ensuring they carry out their responsibilities in line with those policies Training for trustees and managers was reviewed and changes implemented from 2015 to ensure continuity of standards maintained. Training requirements then reviewed annually. CEO SMT FRM CEO Search Committee Risk Area Risk No Issue / Risk Nature Risk Rating Trend Managed by Controls/Mitigation Monitored by Review Date I L I x L Financial F1 Unrestricted reserves and budget provision are insufficient to meet strategic ambitions R,B,S 4 3 4 CEO FRM SUPres Budgets are realistic and prepared in line with Financial Procedure guidelines and approved annually by of Trustees Medium Term financial plan prepared to complement Strategic Plan and updated annually to give indicative 3 year forecast Reserves and Investment policies developed to support strategic ambitions and ethical policies of BSSU Board of Trustees Ongoing Ongoing Ongoing F2 Cash flow insufficient to meet existing commitments R,B,S 2 1 2 FRM Good treasury management Routine monitoring of cash position SMT F & R Committee Ongoing
BOT-Complete-papers-01.06.16.docx