forest academy
As trustees of a charity, academy trustees must comply with the following
duties: Compliance – they must ensure that the charity’s resources are used for
the charitable purpose and that the charity complies with the law and its
governing document i.e. the articles of association. Care – they should take
reasonable care in their work. In practice it simply means ensuring that the
academy trust is managed efficiently and effectively. It also means considering
the need for professional advice on matters where there may be material risk to
the charity. Prudence – they must act responsibly, making sure that the academy
trust’s assets are protected and used for the benefit of the charity. The
trustees must make sure that the academy trust is solvent and keeps appropriate
financial records. These requirements are reflected in the funding agreement and
Financial Handbook.
