Obtain professional advice when facing significant risk

Similar documents
TRUSTEES & GOVERNANCE. The Essential Trustee What you need to know

charity accounting, registration and tax relief in Scotland

LEGAL ADVISORY COMMISSION PAROCHIAL CHURCH COUNCILS: LEGAL POSITION OF MEMBERS

CHARITIES SORP (FRSSE)

CHARITIES SORP (FRS 102)

CODE OF CONDUCT FOR GOVERNORS 1. INTRODUCTION

LEGAL STRUCTURE OF YOUR CLUB

1. Trustees annual report

Contemporary. Methodism. A discipleship movement shaped for mission

Starting up. Charitable Trusts: Model Trust Deed

Treasurer s Guide 1 : Introduction to Financial Management

THE COMPANIES ACT 1985 AND 1989 PRIVATE COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL MEMORANDUM OF ASSOCIATION OF SASC

17. Trustees Roles and Responsibilities

How To Know What You Can Expect From A Charity Trustee Liability

MODEL CHURCH POLICIES

Compliance Toolkit. Protecting Charities from Harm. Chapter 2: Due Diligence, Monitoring and Verification of End Use of Charitable Funds SUMMARY

Receipts and Payments Accounts Introductory Notes

CHARITIES SORP (FRS 102)

Higher audit threshold for charities

The Companies Act Private Company Limited by Guarantee and not. having a Share Capital. Memorandum of Association. Children North East

Dissolving your charity seeking OSCR s consent

To explore the teaching of Jesus as presented in different ways by the Gospel writers.

WaterAid Trustee Manual

THE COMPANIES ACT 2006 COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL ARTICLES OF ASSOCIATION SHELTERBOX TRUST. Companies Act 2006

COMPANIES LIMITED BY GUARANTEE

CORPORATE RECOVERY & INSOLVENCY

ASSOCIATION OF INDEPENDENT LSCB CHAIRS LIMITED ARTICLES OF ASSOCIATION

Charity reporting and accounting: the essentials

FORWARD HOUSING SW (A charitable company limited by guarantee) Registered No: Charity No: TRUSTEES REPORT AND FINANCIAL STATEMENTS

The Companies Act Company Limited by Guarantee. Articles of Association. Action 21 (2010) A Company Limited By Guarantee

OSCr. SCIOs: A Guide. Guidance on the Scottish Charitable Incorporated Organisation for charities and their advisers

6. Finance. Tools for success: doing the right things and doing them right

THE TRUST DEED OF SHROPSHIRE ISLAMIC FOUNDATION

Employing a Fundraising Consultant

trustees & governance Incorporation of Charity Trustees

Trustee indemnity insurance

Rotherham & Dearne Valley

LIONS CLUBS INTERNATIONAL MD 105

Duties of Charity Trustees

Relevant Life Policy Trust and Nomination Forms

Receipts and payments accounts for smaller charities. How to prepare receipts and payments accounts and the trustees annual report

Regulatory Standards of Governance and Financial Management

Memorandum And Articles Of Association for Company Limited by Guarantee. Memorandum of Association. Transport Planning Society Ltd

What is a voluntary organisation or charity? (May 2012)

Standards of conduct, ethics and performance. July 2012

Articles of Incorporation Of LOVE HOUSE MINISTRIES, INC. ARTICLE I CORPORATE NAME

Our House. How to place a property in trust for someone with a learning disability. Trust Company

Charity Audit Committee performance evaluation Self assessment checklist. October 2014

Definitions used in these Grant Conditions can be found at paragraph 13.

F I N A N C I A L R E G U L A T I O N S

Financial Statements. Evangelical Lutheran Church in Canada December 31, 2014

Accruals Accounts Completion Notes

Relevant Life Policy Trust and Nomination Forms

Practice Note. 10 (Revised) October 2010 AUDIT OF FINANCIAL STATEMENTS OF PUBLIC SECTOR BODIES IN THE UNITED KINGDOM

Acquiring land April 2001

Electricity Settlements Company Ltd Framework Document

Guideline Leaflet PC10: Hiring of Church Premises

Setting up a Charity

Charities Accounting Standard Accounting Template Explanatory Notes

Bankruptcy. a guide for unsecured creditors. Association of Business Recovery Professionals

Charities and investment matters: a guide for trustees

What to Consider Before Allowing a Third Party to Use Real Property. Introduction

The Wheel. useful information for setting up a voluntary organisation

RIGHT FROM THE START: RESPONSIBILITIES of DIRECTORS of N0T-FOR-PROFIT CORPORATIONS

Players Agent Registration Regulations

2ND SESSION, 37TH LEGISLATURE, ONTARIO 50 ELIZABETH II, Bill Pr12

General Mortgage Conditions for England and Wales

Financial Conduct Authority Corporate governance of the Financial Conduct Authority

DONATION ACCEPTANCE AND REFUSAL POLICIES AND PROCESSES GUIDANCE

Rotherwick Village Hall Charity (charity number ) ("the Charity")

Programme of: Postgraduate & Undergraduate Studies Part-time Courses Continuing Ministry Development Seminars & Workshops Ministerial Formation

FIRST UNITED METHODIST CHURCH OF FORT WORTH

Musical Keys Constitution. Foundation constitution: of a Charitable Incorporated Organisation whose only voting members are its charity trustees

Current Account, Current Account Plus, Student Current Account, Privilege Current Account, Privilege Premier Current Account. Terms and conditions

The ONE Programme Host Information Pack

A Guide on Directors Duties

THE COMPANIES ACT 2006 PRIVATE COMPANY LIMITED BY GUARANTEE MEMORANDUM OF ASSOCIATION CAMBRIDGE UNIVERSITY MUSICAL SOCIETY

FORMATION CRITERIA for ORDAINED MINISTRY: IME Phase 2. Structure of the formation criteria. Ordained Pioneer Ministry

Scouting In The African Methodist Episcopal Church

Standard Provisions of the Society of Trust and Estate Practitioners (Northern Ireland version)

Transcription:

Find out about your charity Observe the law Set clear mission aims and objectives Act responsibly and be accountable Follow the financial regulations Act with honesty and integrity Obtain professional advice when facing significant risk Be good stewards of charity property and funds Understand your constitution Make collective decisions

The Bible tells us that a gift in administration is a gift from the Holy Spirit and it is within that context that the financial and administration work that is done for the Church is done in His name to promote His Kingdom throughout the world. Without someone to look after this work in the Church, Christ s work would not be done. It is a great privilege to be involved in this aspect of Church life, but it carries with it certain responsibilities. Managing trustees at local Church, Circuit and District levels need to be aware of these responsibilities. Churches can, by closely following the guidance and instructions in this booklet, be confident that the high standards of stewardship that are expected will be met and maintained. HOWEVER, THE STANDING ORDERS (AND THE ACTS) THEMSELVES ARE THE FINAL AUTHORITY. Extract from Managing Trustees and Methodist Money a b c d the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church; any charitable purpose for the time being of any connexional, district, circuit, local or other organisation of the Methodist Church; any charitable purpose for the time being of any society or institution being a society or institution subsidiary or ancillary to the Methodist Church; any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church. Extract from The Methodist Church Act 1976 (CPD Volume 1)

(Some quotations from the Charity Commission guidance) : Dame Suzi Leather (chair) and Andrew Hind (CE) Charities have a remarkable history of driving social change. Trustees have ultimate responsibility for running a charity, for its property, finances and employment of its staff or volunteers. Trusteeship is immensely rewarding opportunities for personal development gain new knowledge and experience. For public/community benefit. Must have constitution or rules (Charity s governing document) (CPD Constitutional Practice and Discipline of the Methodist Church). May be known as directors, board members, governors, committee members. Responsible for general control and management of administration of a charity. Must accept ultimate responsibility for directing affairs of a charity ensuring it is solvent, well-run and delivers charitable outcomes for benefit of public. Ensure compliance with charity law and regulations. Prepare Trustees Annual Report. Act with integrity and avoid personal conflicts of interest. Special care when investing charity funds or borrowing. Obtain professional advice on all matters where there may be material risk to the charity or where trustees may be in breach of their duties. Trustees may be personally liable for any debts or losses the charity faces. (Depends on circumstances and type of governing document.) Personal liability is rare and trustees who follow this guidance will generally be protected. Learn as much as you can about the charity read Annual Reports. Take legal advice when contemplating forming a company. Trustees in England and Wales must be over eighteen (in Scotland sixteen). If already disqualified or having convictions (for dishonesty or deception). Is permitted but the trustee body must always retain ultimate responsibility eg carrying out a decision investment of assets, including land raising funds. Decisions must be taken by trustees acting collectively and as a team. (Need not be unanimous.) Charity trustees cannot receive payment for being trustees but may do so exceptionally for providing services to the charity eg plumber.

Taking a lease of charity s property. Borrowing money from the charity. Making contracts to do business with the charity. Generally, trustees cannot be employees but there are exceptions in Methodist governing documents ie Standing orders covering constitutions (SO 410, 510, 610). Must ensure used appropriately, prudently, lawfully and in accordance with objects. Charity s expenditure must be applied fairly. Income used within a reasonable period. Act reasonably and prudently in all matters. Avoid conflicts of interest. Be responsible for your actions You must obtain district consent before starting work on any property project Prepare if your income exceeds the threshold Complete on time every year Submit to Charity Commission if your charity is registered First call on the general church Obtain a professional audit if income/assets exceed the threshold Is required for any sale under Charity Law Complete Schedule A each summer Keep up to date check the Methodist website (or Charity Commission website or both) Take decisions collectively, not individually Available from the Resourcing Mission Office and Methodist Church House See Standing Orders 410 (District), 510 (Circuit) & 610 (Local Church) Fresh Expressions of Church must also have appropriate governance To be taken responsibility, with fellow trustees See Charity Commission website. Invaluable guidance for charity trustees Comply with Standing Order 012 and prepare Annual Accounts Help and guidance available from the Resourcing Mission Office Contact Resourcing Mission Office (Property grants and external funding)/methodist Church House Grants Officers (Ministry and Mission) Check connexional help and guidance on website Arranging induction for all trustees is good practice Appoint an examiner if your income/assets are below the audit threshold Good trusteeship depends upon good judgement

Make plans for the replacement of key people, when required, or arrange a substitute or deputy Obtain professional advice locally and consult Trustees for Methodist Church Purposes about Methodist practice Ensure that all liabilities incurred are fully assessed beforehand Take advice on terms and conditions and do not overstretch the charity s resources The responsibility for repair and maintenance of the property These set out the purposes for which Methodist property is held Be aware of the mission context for your charity Both ministerial oversight and lay stewardship of people, property and money Be aware that taking decisions alone or injudiciously may lead to personal liability Seek such advice where there is a significant potential risk involved, financially, legally or otherwise Follow connexional guidelines via the IT Consents Process on the Methodist website!!! Ensure there is a planned programme for the whole circuit over a five year period Prepare Annual Accounts on this basis where the income of the local church is below the Accruals threshold Every Methodist charity will be required to register at the point that its income exceeds the registration threshold Establish a Reserves Policy See connexional guidance Methodist website See Resourcing Mission Office guidance To be completed annually or Compliant set of accrual accounts prepared by a qualified professional (but use OSCR s receipts and payments form in Scotland) The means by which the Conference as governing body of the Church sets out its requirements for trustees As trustees, the assets of the charity are in your care and are your responsibility. Training for trustees is good practice See the leaflet Managing trustees and their Responsibilities on the Methodist website Trustees should be aware of all areas of their responsibilities Exceptionally, it may be possible to sell property at less than full value Carry out a risk assessment when planning projects and allow for contingencies Obtain a Surveyor s Report before considering a sale of Methodist property Undergird your trusteeship with worship and prayer " The advancement of the Christian faith is the primary purpose of The Methodist Church You are responsible for your own actions # # The ultimate destination for all who serve Almighty God

$%&'())'*+),&--%)'./'010-0(2,/%(*)3*%0(24 &'( act together and in person and not delegate control of the charity to others; act strictly in accordance with the charity s governing document; act in the charity s interests only; manage the charity s affairs prudently and take a long-term as well as a short-term view; not derive any personal benefit or gain from the charity of which they are trustees; take proper professional advice on matters in which they are not themselves competent. $%&'())'50--1).&((%0'6/,.)%'/--010-0(20, (*)27 cause loss to the charity by acting: unlawfully, imprudently or outside the terms of the charity s governing document(s); commit the charity to debts which amount to more than its assets; Trustees may in some circumstances insure against such liability. 33$%&'())'%)%)'./'01-),/%--(*)/.)%(0//,(*) 3*%0(28)'.)30--207 * managing the charity s finances; applying the charity s income for charitable purposes only; managing land or buildings; investing funds; employing people; appealing for funds; ensuring that all the charity s property is under the control of the trustees; collecting all money owed or due to the charity, including tax and rating reliefs. * Adapted from the publication Responsibilities of Charity Trustees A Summary by permission of the Charity Commission on behalf of the Controller of HMSO. A full list of Charity Commission publications is available from the Charity Commission website: www.charitycommission.gov.uk. Useful website addresses Charity Commission England and Wales Office of the Scottish Charity Regulator (OSCR) The Methodist Church Methodist Insurance www.charity-commission.gov.uk www.oscr.org.uk www.methodist.org.uk www.methodist-insurance.co.uk The Methodist Church Resourcing Mission Office, Central Buildings, Oldham Street, Manchester M1 1JQ Tel: 0161 236 5194 Email: enquiries@property.methodist.org.uk Methodist Church House, 25 Marylebone Road, London NW1 5JR Helpdesk: helpdesk@methodistchurch.org.uk Methodist Church Registered Charity no 1132208 Trustees for Methodist Church Purposes 2009 Design and Production: Methodist Publishing XP101-PO-09