Business First September 2017 Business First September 2017 - Page 23

The Roles and Duties of a Charity Trustee Jenny Ebbage, Partner, Edwards & Co. Solicitors is a specialist in charity law and company law and writes on the roles and duties of a charity trustee of a company f you sit on the board of a commercial company you will know your legal duties, responsibilities and liabilities as a company director. If the company has charity status, there are additional considerations. The statutory legal duties of a director are codified in the Companies Act 2006: to act within your powers; to promote the success of the company; to exercise independent judgement; to exercise reasonable care, skill and diligence; to avoid conflicts of interest; not to accept benefits from third parties; and to declare interests in a proposed transaction or agreement. When you take up a seat on the board of a company which is a charity, you are also a charity trustee at law. As a charity trustee you have additional duties: to safeguard and protect the charity’s assets – “the Stewardship Role”; to act collectively with the other trustees; you must always act in the best interests of the charity; you are responsible for the proper administration of the charity; you must avoid conflicts of interest between your personal interests (and persons connected to you) and those of the charity; you are ultimately responsible for everything the charity does and you must act reasonably and prudently in all matters. Charity trustees are responsible for the general control and management of the administration of the charity. Charity trustees are accountable to the regulator, the Charity Commission for Northern Ireland (the Commission) and have responsibilities under the Charities Act (NI) 2008 which includes registering the charity; report rB7V&֗GFrV66VG3&GV6rG'W7FVW>( V&W'@FV7G&Fr6Ɩ6RvFFRV&Ɩ0&VVfB&WV&VVBB7V&֗GFrVF&r&WGW&ॖRVVBFVFW'7FBFR'F6W2`766FBW7V6ǒFR6&F&PW'6W266RRW7Bv&FGf6PB&FRFW6RW'6W2f"FRV&Ɩ0&VVfBǒॖRVVBF6VV66VG2g&FP6֗76f"WRFR( &VwVFV@FW&F>( FFR'F6W27V626vpFR&V7G26&F&RW'6W2F76WF6W6R"V&W""G'W7FVR&VVfG2ॖRVVBWF&6Fg&FP6֗76f"WRvVrWw&FVB7G&7B'VW2ǒF&VVW&FBVG2&VrFRF6&GG'W7FVW2"F6R6V7FVBvFFVॖR6B&RBf"6W'fr26&GG'W7FVR27V6'WB6RVG2&PvVBb7G&7B6FF2&RWBॖRW7BVFW'7FBFRvW'26WBWBFR'F6W2BV7W&RFBV'V0&W6VBB&&BVWFw2&VB@VFW'7FBW"&&BW'2&Rf6ǐv&RB6&VgVǒvR6fƖ7G2`FW&W7BॖRW7B6vRFR66F`FR&&B֖VBVЦV&W'2B&WF&VVG2'&FF fVBFW&2bff6RvBvfW&6R2W76VFB6V@&V6&BVWr֖WFW2B&V6&G2`&W6WF2BFV6622W"&bF@RfR7FVB&W76&ǒB&W&ǒ6&GG'W7FVW26VB&W'BFFP6֗766W&W26FVG2F@&6RBFV6&RFW6RFRVF&r&WGW&66W&2&6VB&WB6&GFFR6֗76&BখfW7FvFBVBF7FGWF'V'F26fRW'666WVV6W2f FfGV6&GG'W7FVW2FR6֗766&VfR6&GG'W7FVRvW&RB0fVB֗66GV7B"֗6vVVBFPF֖7G&FbFR6&GBfVB@V6W76'"FW6&&RF&VfRFBW'6f"FRW'6Rb&FV7FrFR&W'G`FR6&G"6V7W&r&W"Ɩ6F`FB&W'GW'6v2&VV&VfVB0F7VƖfVBg&&Vr6&GG'W7FVR6WfW&&Vf&FW'2fR&VVFP&VGॖR6VB&VBFR6֗76( 2wVF6P( 'VrW"6&G( BFRFF'( V&Ɩ2&VVfBwVF6^( &FW"FVFW'7FBR&W2B&W76&ƗFW2FR6֗76&GV6W2FVF2&W'G0&fFrW6VgVFf"&&Bv&622vF&&B6F2FW&R2&6`W'6Ɩ&ƗG'WB'VFVB&&@V&W"7FrvgVǒB66&F6PvFFR'F6W2Bvw2FV"GWFW0B&W76&ƗFW26VB&R&RFvPB֖֗6RW'6&6खbFW&R2'&V6bG'W7B"'&V6`GWGB276&Rf"F&V7F"F&PW'6ǒƖ&RBfRFRvBFP72FFR6&G&VwV"&&BG&rBvfW&6P&WfWr6VFrƖ6W26FW2b6GV7@B&VwV"&WfWrbFR'F6W26VFR&&BVFW'7FBBVVBv@vfW&6RBVFW'7FBgW'FW"FR&Pb&Vr6&GG'W7FVR6&GG'W7FVW26VB6VV&fW76Gf6RGFW'2vW&RFW&R&R&6FFR6&G"vW&RFW&R'&V6bFV"GWFW2wwr'W6W76f'7FƖR6V#