We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
trustees
Options
EBEN
Posts: 4 Newbie
my local village hall has asked me to be a trustee, but I'm worried whether I'd be financially liable if they went bust. does anyone know how this works please?
0
Comments
-
Check out advice for Trustees via the Charity Commission: https://www.gov.uk/government/publications/the-essential-trustee-what-you-need-to-know-cc30
-
It's probably covered in the link from FabFifty, but the answer is 'it depends' - and on a whole heap of different things. If your trustees are sensible, then there will be a legal framework which means you are not financially liable (limited company as well as a charity is the traditional model!) You can also get trustee indemnity insurance.Signature removed for peace of mind0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards