The role of a treasurer includes:
• maintaining an overview of the organisation’s affairs
• ensuring its financial viability
• ensuring that proper financial records and procedures are maintained.
In charities without paid staff, the treasurer may take a greater role in the day-to-day finances of the organisation.
It’s important to remember all trustees share responsibility for making sure that the charity's money is safe, used properly and accounted for. Trustees must:
• act in the interests of their charity and its beneficiaries
• protect and safeguard the assets of their charity
• act with reasonable care and skill.
TREASURER OF [DARLASTON YOUTH CENTRE]
Role description
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.
• Ensuring 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 investments and the aims and objects of the charity.
• Monitoring the organisation’s investment activity. 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 relevant statutory bodies. For example, the Charity Commission and the Registrar of Companies.
• Ensuring that the accounts are scrutinised in the manner required any recommendations are implemented. For example, via an independent examination or audit.
• 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. Drawing attention to important points in a way that’s coherent and easily to understand.
• Sitting on appraisal, recruitment and disciplinary panels as required.
• Promoting the service and work with wider contacts and networks.
• Providing support in addressing issues and identifying strategies to improve and enhance the service.
• Attending and contributing to regular trustee meetings and any other priority meetings that are arranged.
• Having an interest in young people agendas.
• Have interests aligned in the nature of the work undertaken by Darlaston Youth Centre.