- Comply with Charity Law and send Annual Income Report to the Charity Commission.
- All Trustees have same level of responsibility and need to run the Charity efficiently with charitable outcomes.
- Follow their Constitution, which, apart from the object and dissolution, can be changed.
- Trustees must act with integrity and avoid conflict of interest.
- There should be a minimum of 3 trustees but there is no maximum. A good number would be 8.
- If other skills are needed trustees can be co-opted.
- Charitable funds can only be used for the furtherance of our charitable objective.
- Trustees accept responsibility not to damage the Charity’s reputation.
- Trustees will be defended by law and the Charity Commission if they have taken good advice but made a wrong decision.
- Ineligible people to be a trustees are:
1. Anyone disqualified as a company director.
2. Anyone who is benefiting from the charity
Trustees can be liable for debts of the charity. There is a need to manage risk. The Charity needs to have reasonable reserves and have at least 3 months running costs.
See also Charity Trustee Guidance