What is trusteeship?

Charity trustees are people who are entrusted to look after the money and other resources given to a charity by a person or group of people.

Trustees act within charities that generally have a formal structure, a set of rules and often delegate many day-to-day tasks to staff or volunteers.

Trustees are members of the governing body of the charity.  If the charity is also a company then they will also be company directors.

Duties, roles and responsibilities

Key duties of charity trustees:

Trustees have and must accept ultimate responsibility for directing the affairs of a charity and ensuring that it is solvent, well-run and delivering the charitable outcomes for the benefit of the public for which it has been set up. [The Essential Trustee (CC3)]

Key duties of Directors:

Directors are legally and financially responsible for the running of the organisation (hence limited liability).  Directors determine the company’s strategic objectives and priorities, monitor progress against objectives, appoint senior management and account for the company’s activities to stakeholders. [Institute of Directors]

Trustees:

  • Set and maintain vision, mission and values
  • Develop strategy
  • Establish and monitor policies
  • Ensure compliance and accountability
  • Maintain proper oversight of resources and funding
  • Respect the role of the staff / volunteers
  • Promote the organisation
  • Select and support the Chief Executive

The role of the Company Secretary:

The chief administrative officer of the company, sharing legal responsibilities with the directors for certain tasks under the   Companies Act.

The role of the Chairperson:

Ensure meeting achieves its purpose

Trustees/Directors all have a chance to actively participate

How to become a trustee:

Being a trustee is such a rewarding experience.

If you want find out about local trustee vacancies or talk to someone about becoming a trustee: contact LCVS

We would love to help you.

 

Download this information as a Powerpoint presentation: Trustee roles and responsibilities, an LCVS presentation

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