Trustees Week, celebrated annually, is a dedicated time to honour and raise awareness about the vital contributions of trustees to non-profit organisations across the UK. Running from 4th to 8th November 2024, this year’s theme centres on ‘Empowering change through leadership’. As individuals who take on significant responsibility, trustees are essential to the governance, strategic direction, and financial oversight of charities.

In this blog, Anna delves into the importance of trustees, examining how they are central to the growth and sustainability of charities. Trustees bring a wealth of diverse skills—ranging from financial oversight to legal guidance—that support a charity's ability to thrive and innovate. Their leadership is essential not only in maintaining day-to-day operations but also in fostering an environment where change and progress are embraced.

Key facts and statistics

• Trustee roles demand immense responsibility, including commitment, expertise, and a solid understanding of governance.
• The UK has over 700,000 charity trustees, as reported by the Charity Commission.
• Each trustee dedicates approximately 100 hours annually to their role.

Image by Rawpixel via Envato Elements

Image by halfpoint via Envato Elements

Defining trusteeship

A trustee is a person who has the legal responsibility for overseeing the work of a charity and ensuring it meets its charitable objectives. Trustees act as stewards of the organisation’s resources, safeguarding assets, and ensuring funds are allocated appropriately. They come from diverse backgrounds and contribute various skills and perspectives, from finance and law to fundraising and marketing. The Charity Commission defines a trustee as anyone responsible for a charity’s administration, regardless of the organisation’s size or reach.

Relevant legislation and regulations

Trustees must comply with several key regulations and legal standards, including:

• The Charities Act 2011 - Governs how charities in England and Wales operate, including registration, accounting, and reporting.
• The Companies Act 2006 - Applies to charitable companies and outlines trustee duties, including the necessity to promote the success of the organisation.
• The Charity Governance Code - A best practice guide that helps trustees meet their responsibilities with integrity, transparency, and accountability.

Image by maxxyustas via Envato Elements

Image by AnnaStills via Envato Elements

Responsibilities and best practices

Recommendations

For those new to trusteeship, as well as existing trustees, the following best practices can help build a stronger, more resilient board:

Image by monkeybusiness via Envato Elements

Image by josecarloscerdeno via Envato Elements

Conclusion

Trustees Week 2024 shines a well-deserved spotlight on the commitment of trustees who dedicate their time and expertise to charitable organisations. By prioritising good governance, financial accountability, and diversity, trustees help charities thrive and make a lasting impact on communities.

As we celebrate trustees, we encourage all board members and aspiring trustees to explore opportunities for learning and development, reinforcing the values that drive successful governance. Visit The Mandatory Training Group and discover our tailored training programmes and resources to empower trustees and enhance board effectiveness.to learn more and make a difference in your community today.