Voluntary organisations such as charities and other initiatives in the third sector should be less shy of risk when investing their funds, according to one finance institution.

Charity Bank, the UK’s first not-for-profit banking organisation, is calling on its network partners to attend seminars to take place this autumn where advisors will explain how to invest funds wisely.

Spearheaded by the north-west regional representative of the organisation, Simon Thorrington, the seminar series is set to visit Edinburgh, Exeter, Bristol, Oxford and Leeds.

"By identifying and managing potential issues, charities can turn risks into opportunities," he told ThirdSector.co.uk.

"If things go wrong, it’s usually because of poor governance."

Charity Bank asserts that its seminars are intended to give both trustees and managers in the third sector a strong understanding of risk control, financial planning and asset management.

The bank is dedicated to changing the public’s understanding of how both personal and corporate wealth can be used for the good of society.

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