Treasurer Role Description
The Treasurer's duties are outlined below. These are supported by the Finance Director and Chief Executive.
The Voscur Treasurer works closely with Voscur’s Finance Director, Chief Executive, Finance
Committee and the Board of Trustees.
The NCVO guidance sets out that the role of a treasurer includes:
maintaining an overview of a charity’s affairs
ensuring its financial viability
ensuring that proper financial records and procedures are maintained.
It’s important to remember alltrustees share responsibilityfor making sure that the charity's
money is safe, used properly and accounted for. All 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.
The charity employs an independent auditing firm annually to review accounts and practices
and support financial inquiries.
Overarching Responsibilities
Oversee the financial affairs of the organisation, ensuring compliance with legal,
constitutional, and accounting standards.
Liaise with the Finance Director, Chief Executive, and Finance Committee to ensure
financial viability.
Ensure proper records are kept by the finance team and effective financial procedures
and controls are in place.
Monitor and report on the financial health of the organisation.
Ensure the finance team produce required financial reports, returns, accounts, and
audits.
Specific Responsibilities
Ensure fellow trustees understand their financial responsibilities and support their
interpretation of financial information, with help from the Finance Director and Chair of
the Finance Committee.
Alongside the Chair of the Finance Committee, regularly report the financial position to
the Board (e.g. balance sheet, cash flow, fundraising performance).
Work with the CEO and Finance Director to produce an annual budget and propose its
adoption at the final Board meeting of the financial year.
Ensure accounts are prepared and disclosed in formats required by funders and
regulatory bodies (e.g. Charity Commission, Companies House).
Ensure adherence to the Finance Policy, including:
o Appropriate reserves and investment policies.
o Effective deployment of investments aligned with the organisation's values.
o Robust accounting procedures and controls.
o Approve bank reconciliations and payroll reports during the year, as required.
Appraise the financial viability of strategic plans, proposals, and feasibility studies to
ensure sustainability.
Lead the appointment and management of auditors or independent examiners and
ensure audit or examination recommendations are implemented.
Liaise with paid staff and volunteers on financial matters.
Contribute to the fundraising strategy from a financial oversight perspective; noting that
Voscur has regular reporting and assessment of our income generation pipeline.
Make a formal, clear presentation of the annual accounts at the AGM, highlighting key
insights.
Participate in appraisal, recruitment, and disciplinary panels as required.
Person Specification
In addition to the person specification for a trustee, the treasurer should have the following
qualities.
3
Financial qualifications and/or experience.
Knowledge or experience of finance, fundraising and pension schemes relevant to
voluntary and community organisations.
Ability to analyse proposals and examine their financial consequences.
Being prepared to make recommendations to the board that prioritise sound financial
management.
A willingness to be available to the Chief Executive and Finance Director for advice and
enquiries on an ad hoc basis.
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