Managing my Organisation Well
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Governance
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Governance
Role of the Treasurer
Unless your governing document states it as a requirement, you no longer have to have official office bearers, such as a chair, treasurer or secretary. However, we would recommend having these roles.
The Treasurer has a specific role on the Board, they help the organisation to maintain its financial responsibilities. When authorised to do so, the Treasurer may advise the Board on financial matters, oversee the preparation of the annual accounts, and often take on the responsibility for the day to day financial duties such as book keeping and reimbursing expenses.
‘The Honorary Treasurers Forum’ is a place for sharing best practice and finding support for volunteer Treasurers.
Key points:
Treasurers help with or oversee the day to day financial duties
It is useful to have some book keeping skills but there is support available online or from HTSI.
Links for more information
Charity Accounts
A range of helps to help prepare your charity’s accounts, guidance and information relating to external scrutiny.
https://www.oscr.org.uk/managing-a-charity/charity-accounting
Financial Controls
Case studies which will broaden understanding of financial responsibilities
https://www.oscr.org.uk/managing-a-charity/trustee-duties/good-governance/financial-controls/
Becoming an Honorary Treasurer