Trustees duty to provide accounts

It is well established that trustees must provide accounting and other information to beneficiaries, and even potential beneficiaries. Often this duty may be satisfied by trustees circulating capital and income accounts drawn up by accountants. These may be regarded as analogous to the profit and loss accounts, and balance sheets, like those drawn up for businesses. The amount of information that has to be provided to beneficiaries was discussed by the court, which pointed out that not all beneficiaries were entitled to the same information in Royal National Lifeboat Institution & Others v Headley & Another [2016] EWHC 1948 (Ch).