Management of a Charitable Trust
Being a Trustee of a Registered Charity can help “make a difference”. Charity Trustees are, almost without exception, well intentioned and committed. However, Charity Trustees are not always aware of the level of responsibility which they have accepted in the management and administration of a Registered Charity.
Registered Charities are strictly regulated. Charity Trustees must observe the numerous duties and obligations imposed by the Charities Act 2011. Charity Trustees must (in many cases) also comply with the extensive duties and obligations imposed upon a Director of a Limited Company by the Companies Act 2006.
Compliance can therefore be a daunting task. Trustees must accept the ultimate responsibility for directing the affairs of a Registered Charity, and ensuring that it is solvent, well run and delivers the charitable outcomes for which it has been established.
Charity Trustees are also subject to a legal obligation to obtain external professional advice concerning the proposed purchase, sale or lease of a property or where there is a material risk to the Charity and its assets. We are able to assist in guiding Charity Trustees through their obligations and to assist Charity Trustees in minimising their personal responsibility and personal risk.
For advice upon Corporate and Commercial Services contact: Jill Leece, Partner