Role and responsibilities of the ACFA Trustees
The senior Trustees are consulted by the General Secretary on a regular basis and on all matters that are considered by him to be novel and contentious. These Trustees are involved in the selection of senior members of the Secretariat and of new Trustees. Once selected, new Trustees are sent an induction pack and attend trainng days whenever possible. This can include seminars on tax, Trustee governance, investment responsibilities and charitable regulation changes. Trustees are not remunerated, though they are reimbursed travel expenses for attending Council meetings and visiting annual camps.
The charity's Trustees are responsible for preparing the Annual Report and Accounts in accordance with applicable law and UK generally accepted accounting practice. Company law requires Trustees to prepare accounts for each financial year which give a true and fair view of the stat of affairs of the charity at the year-end, and of its incoming resources and resources expended during that year. In preparing accounts giving a true and fair view, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts; and
- prepare the accounts on an ongoing basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the accounts comply with Companies Act 1985. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity's website.
Legislation in the UK governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.