| Askam and Ireleth Parish Council | |||||
| Risk Register 2026-2027 | |||||
| Risk ID | Topic | Risk Description | Risk Level | Mitigation | Action |
| 1 | Precept | Budget Not completed | L | Full Minute RFO to follow up | Diary review |
| 2 | Precept not Paid by Barrow BC | L | Monitor Receipt | Diary review | |
| 3 | Precept adequate | L | Review monthly | Diary review | |
| 4 | Other Income | Cash Receipts | L | Cash handling is avoided however necessary controls in place | Annual review of procedures |
| 5 | Banking | L | RFO check bank statements Monthly bank reconciliations. | Regular reviews with Chairman | |
| 6 | Grants | Claims Procedures | M | RFO as required | Diary review |
| 7 | Receipt of Grants when due | L | RFO as required | Diary review | |
| 8 | Direct Costs | Goods not supplied or of poor quality | M | Confirm orders delivery notes rejected | Diary review |
| 9 | Invoices not submitted or over stated | L | Check Invoices and perform bank reconciliations | RFO to review and action | |
| 10 | Grants & Support | Requests for payments without evidence of Council agreement | L | Submit to council, minute agreement, authorise payment | RFO to review and action |
| 11 | VAT | VAT analysis | L | All items in Cash Book | RFO to review and action |
| 12 | Charged on Sales | L | Annual review | RFO to review and action | |
| 13 | Charged on Purchases | L | All items in Cash Book | RFO to review and action | |
| 14 | Claimed within Time Limits | L | Submit return | RFO to review and action | |
| 15 | Reserves | General reserves Adequacy | L | Review at Budget meetings | RFO, 3 year plan |
| 16 | Earmarked reserves Adequacy | M | Review at Budget meetings | RFO, 3 year plan | |
| 17 | Earmarked reserves unidentified or contingency | M | Review minutes | RFO, Chairman view | |
| 18 | Assets | Loss or Damage | H | Regular Inspection, adequate Insurance and notify Asset register | Diary review |
| 19 | Risk or Damage to 3rd parties | M | Adequate Insurance | Diary review | |
| 20 | Staff | Loss of Key personnel | L | Review work load, adequate hours and have succession strategy | RFO, Chairman view |
| 21 | Maintenance | Reduced value of assets or degredation of amenities | M | Regular checks and inspections take appropriate action | Diary review |
| 22 | Legal Powers | Illegal activity or payments | H | Council to be aware of their legal powers and status | Diary review |
| 23 | Financial Records | Inadequate Records | L | RFO/Clerk to check regularly and internal audit | Diary review |
| 24 | Minutes | Accurate and legal | L | Review at following meeting | Diary review |
| 25 | Members Interests | Conflict of Interest | M | Declarations of interests to be documented minuted and any conflict addressed as appropriate within code of conduct | Diary review |
| reviewed and approved. 17th March 2026 |
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