31.10.2024 |
Safeguarding your trustees
All charities have a responsibility to ensure they are working with safeguarding processes in place.
Safeguard the Charity funds
In the Charity Commission’s guidance ‘The Essential Trustee: what you need to know, what you need to do’ CC3;
it states that:
You must act responsibly, reasonably and honestly. This is sometimes called the duty of prudence. Prudence is about exercising sound judgement. You and your co-trustees must:
- make sure the charity’s assets are only used to support or carry out its purposes
- avoid exposing the charity’s assets, beneficiaries or reputation to undue risk
- not over-commit the charity
- take special care when investing or borrowing
- comply with any restrictions on spending funds or selling land
You and your co-trustees should put appropriate procedures and safeguards in place and take reasonable steps to ensure that these are followed.
Review our step 12 resource for further support and guidance.