Should I become a charity trustee?
Sarah Williams Partner
Writing in articles for the Financial Times and Business Telegraph, partner Sarah Williams answers a reader’s question regarding becoming a trustee of a charity and the financial implications that should be considered ahead of accepting the position.
In her response, Sarah Williams highlights both the rewarding nature of the role, and the importance of understanding the operations of the charity.
‘It’s a good idea to review the charity’s accounts and ask to see documents such as a risk register to understand any liabilities you may need to manage.
Trustees are ultimately responsible for the affairs of the charities they preside over. This involves ensuring the charity is solvent, well run and delivering on its charitable objectives for the public benefit. Trustees need to ensure that financial controls are in place to protect charitable money. You should be clear about, and comfortable with, the charity’s financial position.’
Read Sarah’s full comments on the Financial Times and Business Telegraph websites.
