Treasurer of the board

Treasurer (Trustee)

The financial management of the charity is a shared responsibility of all the Trustees, but the Treasurer takes the lead responsibility for the ensuring that the other Trustees have the information and tools necessary to maintain a proper understanding of the charity’s finances.

Role Description The Treasurer should:

• undertake all of the main responsibilities and duties of a Trustee

• work with the Scheme Manager to prepare budgets and cash flow forecasts

• with the Senior Management Team, take the lead on monitoring financial risks and mitigations from the Risks Register

• maintain a good grasp of the charity’s financial procedures and current situation, including progress against budget and cash flow

• ensure that Trustees have up-to-date financial information

• work with the Scheme Manager to prepare quarterly financial management reports

• work with the Scheme Manager to prepare annual accounts for the Charity Commission and AGM

• with the Scheme manager, complete the annual financial checklist

• make recommendations on salary levels and increases

• review financial policies and procedures on the agreed schedule

• authorise bank payments

Person Specification The Treasurer should:

• demonstrate all of the qualities in the person specification for a trustee

• demonstrate accuracy and attention to detail

• be able to understand and present financial information simply and clearly

• have experience of managing finances or operating financial procedures

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