Trustees are appointed by the board of trustees. The trustees meet several times annually either in person or holding frequent e-mail meetings to administrate the funds and assess grant applications. One trustee is assigned to each sub fund as Liaison person, effectively guiding the board of trustees through the process of approving or refusing the grant application.
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period.
In preparing those financial statements the Trustees are required to:
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2000.
They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud or other irregularities.