What is the position of trustees of a troubled charity?

Answered 7 Nov 2008 by c.cattell

Dear Charlie,

There is a unincorporated charity that is in financial difficulty and are running down their reserves. A business advisor has suggested that they trade their way out of difficulty, but to do this they would need substantial subsidy fron the LA.

What is the position for the trustees if they continue trading knowing that they are in clear financial difficulty?



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Charlie Cattell is a specialist in legal and governance matters relating to social enterprises, charities and voluntary organisations, assisting a wide range of groups with legal structures, organisational management, and regulatory issues.