Top tips for charity trustees

Conflicts of interest – On 1 May 2014, the Charity Commission updated their conflicts of interest guidance which contains a revised definition and introduces a three-step approach to handling conflicts of interest.

The essential trustee – On 25 November 2014, a new version of the Charity Commission’s “The essential trustee” guidance was published. It is due to publish a final version in Spring 2015 following recent consultation with trustees.

Public benefit reporting –  a reminder that trustees of registered charities must say in their trustees’ annual report how they have carried out the charity’s purposes for the public benefit.

Annual return 2015 – The updated online return is now ready. All registered charities with an income of more than £10,000 amd all CIOs who are reporting on their financial years ending in 2015 must complete the online form.