Trustees' Duties
As a charity trustee in the UK, you play a vital role in ensuring your charity operates effectively and within the law. Your responsibilities include ensuring compliance with charity law, managing resources wisely, and acting in the best interests of the charity. It's essential to understand these duties to maintain the trust of your beneficiaries and the public.
What are the main duties of charity trustees?
Trustees must ensure their charity is carrying out its purposes for the public benefit, comply with the charity's governing document, and manage the charity's resources responsibly. This includes financial oversight and ensuring proper accounting practices are followed.How should trustees manage conflicts of interest?
Trustees must identify and manage any conflicts of interest that arise. This involves being transparent about potential conflicts and ensuring decisions are made in the charity's best interests, not personal gain.What financial responsibilities do trustees have?
Trustees are responsible for ensuring that the charity's finances are managed properly. This includes keeping accurate financial records, preparing annual accounts, and ensuring that funds are used in line with the charity's objectives.How can trustees ensure compliance with charity law?
Trustees should stay informed about charity law and regulations. Regular training and updates from the Charity Commission can help ensure compliance and good governance.What is the importance of transparency for trustees?
Transparency builds trust with stakeholders and the public. Trustees should ensure that the charity's activities and finances are open and accessible, fostering accountability and confidence in the charity's work.
Trustee Resources
For more information on your duties and responsibilities as a charity trustee, check out our resources or get in touch with our expert team at Sterling Gate Accountants. We're here to help you navigate the complexities of charity governance.
