ERCL Annual Report | Page 12

Recruitment and training of Trustees Recruitment Authority and responsibility for the appointment of Partner Trustees sits with East Renfrewshire Council (ERC) who allocate this responsibility to the four ERC Councillors. Authority and responsibility for the recruitment of Independent Trustees is delegated by the Board of Directors to the Nominations Committee. Dr Ronald Culley tendered his resignation on 8 June 2015 and has not been replaced as at the date of the signing of these financial statements. Selection of the Employee Representative Trustee, who shall be agreed upon amongst Eligible Employee Representatives from time to time and is willing so to act as an Employee Representative Trustee. Policies and procedures for induction and training of trustees An induction training process is in place for all new trustees, and this covers both the strategic and operational issues affecting the charity. The ongoing training needs of the directors are considered by the board and where appropriate internal and external training is provided. Statement of Trustees responsibilities The Trustees (who are also directors of East Renfrewshire Culture and Leisure Trust for the purposes of company law) are responsible for preparing the Trustees Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of he charitable company for that period. In preparing these financial statements, the Trustees are required to: • • • • select suitable accounting policies and then apply then consistently observe the methods and principles in the Charities SORP make judgments and estimates that are reasonable and prudent state whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements ; and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its activities The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland)Regulations 2006