Two guidance documents published by the Charities Regulatory Authority (the "CRA") in recent weeks are essential reading for trustees and managers of charities. The two guidance documents set out the duties of charity trustees and provide useful advice on internal financial controls for charities.
On 21 July 2017, the CRA announced the publication of two guidance documents. The first guidance document, Guidance for Charity Trustees, accessible here, will assist trustees to better understand their duties. The second guidance document, Internal Financial Controls Guidelines for Charities, accessible here, provides helpful advice in relation to the internal financial controls that charities should consider implementing. This ezine summarises the contents of these documents and highlights their importance for charity trustees.
What guidance is provided by the CRA on the duties of charity trustees?
Although charity trustees can delegate their functions to a single trustee or member of staff, they cannot delegate their ultimate collective responsibility for the management of the charity. Their duties arise from the governing document of the charity, legislation and decisions of the Irish courts.
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