Good Governance Starts with Good Questions

Trustees’ Week 2026

As Trustees’ Week begins, it’s worth remembering that trustees don’t need to be finance experts to make a real difference. Some of the best governance comes from asking simple, thoughtful questions that help ensure a charity remains financially healthy and able to support its beneficiaries for years to come.

1. Do we have enough reserves?

If income dropped unexpectedly, could the charity continue operating?

Understanding the nature and purpose of reserves helps trustees assess resilience and prepare for the unexpected.

2. Can we meet our future commitments?

Today’s bank balance only tells part of the story.

Trustees should consider upcoming costs, ongoing projects and whether there is enough cash to meet future obligations.

3. Are our activities financially sustainable?

Which activities attract sufficient funding, which rely on support from elsewhere in the charity, and which rely on subsidies?

Understanding this helps ensure resources are being used effectively and sustainably.

4. Do we understand our financial risks?

What would happen if a major funder withdrew support or costs increased significantly?

Identifying risks early gives charities more time to respond.

5. Are we getting the right financial information?

Good decisions rely on clear, timely and understandable reporting.

Trustees should feel confident asking questions and challenging what they don’t understand.

A Final Thought

Good financial oversight isn’t about knowing every number in the accounts. It’s about staying curious, asking the right questions and understanding whether the charity is in a strong position to achieve its aims. A trustee who asks, “Are we financially sustainable and prepared for what’s ahead?” is already making a valuable contribution to the board.

Trustees’ Week: Get Involved

Trustees’ Week is an opportunity to celebrate the vital contribution trustees make across the charity sector and to reflect on how good governance helps charities thrive. Why not use this year’s Trustees’ Week to start a conversation at your next board meeting? Consider which of these questions your board discusses regularly and whether there are any areas that deserve greater focus. After all, asking the right questions today can help protect your charity’s future tomorrow.

Get In Touch

For information or advice on how we can help you with your Charity or Not For Profit, contact your local Whitings office today.