The Charity Commission have a detailed checklist covering all eligibility requirements. Some organisations have restrictions over who can be a trustee. Trustees of charities working with children or vulnerable adults generally need to be CRB checked. Some organisations only elect trustees from a formal membership. All trustees should be able to demonstrate values such as honesty and integrity. In addition, there are many different skills, experiences, attributes and areas of knowledge that charities welcome from their trustees:.
Knowledge of a charity's field of work or good people skills are just as important as technical knowledge or professional expertise. Trustees can and indeed should supplement their own skills with professional advice where required. Indeed, an effective trustee board should draw on a range of skills, knowledge, experiences and attributes.
NCVO is currently hosting an online eLearning course on the roles and duties of trustees. This interactive course lets you study at your own pace and can fit around your schedule and priorities. Help us to improve this page — give us feedback. NCVO Knowhow offers advice and support for voluntary organisations. Learn from experts and your peers, and share your experiences with the community.
Contact us. Cookies We use cookies to help us provide you with the best experience, improve and tailor our services, and carry out our marketing activities. Community-made content which you can improve Case study from our community. This page is free to all. What is a trustee, what are the main duties and roles and who can be a trustee. What is a trustee? The role of trustees Trustees operate within two sets of formal rules, the governing document which may be called rules or a constitution or the trust deed.
Accounting records must be kept by the charity for a minimum of 6 years from the end of the financial year in which they were made. T rustees are responsible for taking control of how their charity fundraises. Providing information to the public. T rustees must make sure that their charity meets legal requirements when referring to their charitable status, for example in advertisements, and in their duty to provide information about their charity to the public.
Charity trustees must act in the interests of the charity. Any personal benefit to a charity trustee, whether direct or indirect, has to be treated with caution.
Read our Trustee Remuneration page for more information. Sections 93 to 95 of the Act sets out the powers of investment of trustees and associated duties. Trustees are entitled to make any kind of investment of the trust estate, including a wider power to acquire stocks and shares.
However, these powers are subject to restrictions and exclusions and do not extend to certain categories of trustees. See our Charity investments: guidance and good practice for more information. All charities entered into the Scottish Charity Register have a duty to promote their charitable status, find out more by reading our Publicising Charitable Status page.
As a charity trustee, you must be aware of other legal requirements such as equality law. Read our equality guidance. As Regulator, we have a duty to act where there is evidence that charity trustees are behaving improperly.
Our response will be proportionate depending on the breach. Further information on how we will take action in cases of misconduct is available in our guidance document. Guidance from the British Banking Association, Banking for charities , provides charity trustees with information on banking including choosing and opening the right bank account, understanding banking charges and fees, and how to switch bank accounts.
It also sets out key questions to ask banks and options to help charities navigate the banking environment. As it suggests, the role of the Trustee is essential, but it comes with much responsibility.
For Trustees of charities this is evidenced by the Trustee Act that came into force on 01 February This legislation was introduced to keep pace with the evolving investment market, following the previous legislation in , referred to as the Trustee Investment Act The new Act, amongst other points, introduced new powers of delegation, new powers for the appointment of agents and introduced appropriate safeguards for the operation of the new powers, including a duty to take proper advice in relation to investments and a statutory duty of care.
Indeed, the option of placing some funds into investments has come to the fore and consequently the importance of taking advice on this topic. It is the Trustees' responsibility to invest and manage these assets in the best interests of the Trust and its beneficiaries. In addition to the document above, the Charities Commission provides additional investment information to Trustees as indicated in the Charities Commission document CC14 ' Investment of Charitable Funds: Basic Principles '.
A link to this document is provided here. Trustees should have set investment objectives, which may well be set out in their governance document, such as income needs for their funds and attitude to investment risk, and these should be documented and reviewed regularly.
This should include any ethical restrictions your charity has and you should usually check returns against a benchmark. As with individuals, a charity may also apply other investment parameters on important issues such as environmental, social and governance ESG responsibilities of the companies into which they invest.
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