Being a trustee and director of a company limited by guarantee carries legal responsibilities which should be understood before taking up a position with us. It is worth taking some time to understand these duties. We would be more than happy to discuss these in detail with you.
Trustees are not expected to be experts in every area, even with the collective skills and experience of the board overall. They are expected to use reasonable care in their role as trustees applying their skills and experience and involving professionals where needed.
We are both a registered charity and a company limited by guarantee, meaning that our trustees are also called directors. This protects our trustees / directors from personal liability for any company debt. Sometimes funding bodies, such as local authorities, insist on an organisation being registered as a company limited by guarantee. This limits our director’s liability to £10. Our directors will only incur any personal liability beyond £10 for any company debt if they have been guilty of some wrongdoing, such as wrongful or fraudulent trading.