Assess the Situation: Determine the extent of the theft and identify any financial records that may have been compromised.

Engage an Independent Examiner: Hire an independent examiner or auditor to review the charity’s financial records and assess the impact of the theft.

Review Internal Controls: Evaluate the charity’s internal controls to identify any weaknesses that may have contributed to the theft and implement improvements to prevent future incidents.

Notify Authorities: Report the theft to the appropriate authorities, such as the police or the Charity Commission, and cooperate fully with any investigations

Review Insurance Coverage: Determine if the theft is covered by the charity’s insurance policy and file a claim if necessary.

Communicate with Stakeholders: Keep donors, beneficiaries, and other stakeholders informed about the theft and the steps being taken to address it.

Implement Security Measures: Enhance security measures to protect the charity’s financial records and prevent future thefts.

Review Financial Statements: Have the independent examiner or auditor review the charity’s financial statements to ensure they accurately reflect the impact of the theft.