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Overview of being a Trustee and Company Director
 
 
Broxtowe Partnership Trust is an Incorporated Charity, which means it is a Registered Company with Charitable status.
 
Trustee/Director
 
Is the name used for someone who sits on a charity’s governing group, usually known as a Board or Committee.
 
The main responsibilities of a Trustee are to:
 
  • Oversee  the management and administration of the Trust
  • Ensure that the Trust complies with charity law, in particular ensures the Trust,  prepares reports, annual returns and accounts required by law.
  • Makes sure that the Trust does not breach any of the rules or duties set out in our governing document, and works within the stated aims of the Trust.
  • Comply with any other legal requirements. (For example: employment law.)
  • Avoid any personal conflict and act in the best interests of the Trust.
 
What Laws and regulations affect Broxtowe Partnership Trust?
 
Listed below are the main types of Legislation that our Trustees have to be aware of. The Trust does seek professional advice where an issue may arise, and trustees have access to appropriate legal advice where necessary. For instance, on employment and payroll issues Community Accounting Plus offer professional advice.
 
  • As the Trust is also a Company Limited by Guarantee – Company Law applies
  • Employment Law
  • Health and Safety Legislation
  • Anti-discrimination legislation for instance Disability Discrimination Act
 
Financial responsibilities
 
The Trust’s board has delegated work to the staff, who are responsible on a day to day basis for the Trust’s finances. However, overall responsibility, scrutiny and planning, lies with the Board. This means:
 
  • Ensuring the Trust is and remains solvent
  • Trust funds are used wisely and further the charity’s aims (or objectives)
  • Avoid undertaking activities that might place the Trusts funds, assets or reputation at risk.
  • Take special care if it is decided to borrow funds, or take on assets, which carry a financial risk.
 
It is important to know that where the Board has taken account of risks and acted with due care then it is unlikely that individual Trustees/Directors will be held liable if the Trust is wound up due to insolvency. Each Directors liability would be limited to £1

Generated: 09/01/2006   |   Modified: 24/05/2006 by Christine Easton

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