Honorary Treasurer

Location
Central London with most meetings held online
Salary
This is a voluntary role of the charity's Board of Trustees. No salary is paid
Posted
21 Jun 2021
Closes
03 Aug 2021
Ref
Treasurer
Interests
Children and Youth
Hours per month
10 to 20 hours
Expenses
Paid
Commitment
Long Term

Honorary Treasurer Roles and Responsibilities

The overall role of the Honorary Treasurer is to:

  • Maintain an overview of the organisation's financial affairs
  • Ensure that the Board gives proper consideration to the financial viability of the charity
  • Ensure that proper financial records and procedures are maintained
  • Present financial information to the Board and members

Duties of the Treasurer include:

Overview:

 

  • Overseeing, approving and presenting budgets, accounts and financial statements
  • Liaising with the Director of Finance about financial matters
  • 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 its consistency with the organisation's policies and legal responsibilities
  • Chairing the charity’s Audit Committee

Financial viability:

 

  • Being assured that the financial resources of the organisation meet its present and future needs
  • Ensuring that the charity has an appropriate reserves policy
  • Advising on the financial implications of the organisation's strategic plans
  • Ensuring that the charity has an appropriate investment policy
  • Contributing to the fundraising strategy of the organisation

Financial records:

 

  • Ensuring that appropriate accounting procedures and controls are in place
  • Acting as a bank signatory
  • Ensuring the organisation's compliance with legislation
  • Ensuring that the accounts are prepared and submitted to the relevant statutory bodies, eg Charity Commission and Companies House
  • Ensuring that the accounts are audited and any recommendations are implemented

Present financial information:

 

  • The presentation of financial reports to the board
  • Keeping the board informed about its financial duties and responsibilities
  • 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

Other:

 

  • Sitting on appraisal, recruitment and disciplinary panels as required

Treasurer person specification (in addition to those of trustee)

  • Two years experience of a governance role in a not for profit organisation
  • Some experience of charity finance, fundraising and pension schemes
  • The skills to analyse proposals and examine their financial consequences
  • Preparedness to make unpopular recommendations to the board
  • Willingness to be available to trustees and staff for advice and enquiries on an ad hoc basis
  • Accountancy qualification (desirable)

Similar jobs

Similar jobs