The Trustees’ primary role is to ensure that Ferne fulfils its charitable objectives and that monies received are used effectively.
In order to carry out this key role, Trustees (as a Board) must do the following:
Mandate and reputation
Ensure that the charity is properly focussed on its charitable objectives and constitution and operates within the law. The Trustees are responsible for preserving the charity’s good name and reputation.
Work with the CEO and key staff to plan strategically for the future. Meet at least once a year to review the plan, then update or replace it as circumstances and needs change. The strategic plan is a changing, active document to which all trustees contribute. It is their job to challenge, assess and review the plan before approving the final strategy for the following five years.
Objectives, work plan and budgets
Approve Ferne’s objectives and on an annual basis through the work plan and budgets that are submitted at Board meetings.
Risk Identification and Management
Ensure effective processes exist to identify, minimise where possible, monitor and manage the potential risks that the charity faces. The Risk document is reviewed and updated at each Board meeting.
Management Effectiveness and Succession
Ensure that the right management team is in place and is operating effectively and efficiently. The role of Trustees is to question, scrutinise and monitor management, for which purpose Trustees should have the opportunity to constructively question, test and challenge management views and proposals in the spirit of achieving the charity’s objectives. Although not involved in the regular appointment of new staff, trustees actively recruit and appoint the CEO, and are involved in other senior appointments.
Internal Control and Management Information Systems
Ensure that effective systems exist to protect the organisation, and the necessary management information systems exist to assess and report back the charity’s performance and progress in meeting its objectives.
Report back yearly to members, regulatory bodies, associated charities, staff and volunteers, and other stakeholders through the Annual Report, at the Annual general meeting and from time to time through the @Ferne magazine.