Treasurer Role

The overall role of a Treasurer is to maintain an overview of the organisation’s affairs, safeguard its financial viability and ensure that proper financial records and procedures are maintained. A Treasurer will sit on the Board of Trustees and attend bi-monthly meetings throughout the year, currently held on Tuesday evenings at 6pm.

Duties

In addition to the general responsibilities of a Trustee, duties of the treasurer include the following.

• Overseeing, approving and presenting budgets, accounts and financial statements
• Being assured that the financial resources of the organisation meet its present and future needs
• Ensuring that the charity has an appropriate reserves policy
• Preparing and presenting financial reports to the board
• Ensuring that appropriate accounting procedures and controls are in place
• Liaising with any paid staff and volunteers about financial matters
• Advising on the financial implications of the organisation’s strategic plans
• Ensuring that the charity has an appropriate investment policy
• Ensuring that there is no conflict between any investment held and the aims and objects of the charity
• Monitoring the organisation’s investment activity and ensuring it is consistent with the organisation’s policies and legal responsibilities
• Ensuring that the accounts are prepared and disclosed in the form required by funders and the Charity Commission
• Ensuring that the accounts are scrutinised in the manner required (independent examination or audit) and any recommendations are implemented
• Keeping the board informed about its financial duties and responsibilities
• Contributing to the fundraising strategy of the organisation
• Making a formal presentation of the accounts at the annual general meeting and drawing attention to important points in a coherent and easily understandable way
• Sitting on appraisal, recruitment and disciplinary panels as required