The WaterShed Project
Posted 9 months ago
Apologies for such a 'stupid' question but I was just hoping to have this explained in a slightly more straight forward way. We have registered a company limited by guarantee and will be applying for charity status. We've done this as the organisation may be 'trading' in the sense of selling products that are part of our purpose/aims.
Anyhow, my question is effectively two-prong;
1) We have a group of people who are happy to be trustees but as I understand it, they must also be registered as company directors. Is this correct? I'm worried the term may put them off.
2) Is this likely to be an issue if I remain as a company director, as I am the only one in the charity at the moment working on it day to day, so feel I should remain a director to be ultimately responsible, but if I am a trustee I see no way to take remuneration/salary down the line to support me doing this full time?