1. Introduction

What this Guidance covers

This Guidance sets out some of the key points to consider if your charity has investments or is thinking about investing and how your duties as charity trustees apply. It is intended to help charity trustees feel confident and informed as they approach this aspect of their charity’s finances. It is not detailed guidance on all the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act), but should help you make decisions about your money today and in the future, keeping in mind the duties of charity trustees. 

Legal requirements are something that the law says you must do and are highlighted by the ‘Legal Duty’ icon:

Good practice is not required by law but is something you could do to help make sure that your charity is doing its best to comply. What is good practice for your charity might depend on the size or type of charity you are. Examples of good practice are highlighted by the ‘Good Practice’ icon:

What this Guidance does not cover

This Guidance is not intended to provide detailed guidance on investments and finance.  It does not constitute investment advice and does not cover the tax implications of investments. Charity trustees should always take appropriate advice where necessary – see sources of help and advice.

What this Guidance does not cover

This Guidance is not intended to provide detailed guidance on investments and finance. It does not constitute investment advice and does not cover the tax implications of investments. It is not intended as a detailed commentary on the law underpinning this area. Charity trustees should always take appropriate advice where necessary – see sources of help and advice.

Who is this Guidance for?

This Guidance is for:

• charity trustees of Scottish charities
• people working in Scottish charities
• professionals who advise Scottish charities or who manage investments on behalf of Scottish charities may wish to use this Guidance as a tool to help their clients.