The Treasurer has a watchdog role over all aspects of financial management, working closely with other members of the Management Committee to safeguard the organisation's finances. The Treasurer is responsible for ensuring that effective financial systems and procedures have been established, are being consistently followed and are in line with best practice.
Duties and responsibilities;
1. General financial and constitutional oversight
• Oversee and present budgets, accounts and financial statements to the management committee
• Ensure that appropriate financial systems and controls are in place
• Ensure that record-keeping and accounts meet the conditions of NBBA/NJBBA
• Ensure compliance with any relevant legislation and constitutional obligations.
2. Funding and fundraising
• Advise on the organisation's fundraising strategy
• Ensure use of funds complies with conditions set by funding bodies
• Ensure effective monitoring and reporting
3. Financial planning and budgeting
• Liaise with the NBBA committee and working groups (sub-committees) to prepare and present budgets for new or ongoing work
• Advise on financial implications of future NBBA activities
4. Financial reporting
• Present a report on NBBA’s financial position at each Committee meeting
• Prepare end of year accounts for audit and liaise with an auditor, as required*
• Present accounts at the AGM
5. Banking, book-keeping and record-keeping
• Manage bank accounts
• Set up appropriate systems for book-keeping, payments, lodgements & petty cash
• Ensure everyone handling money keeps proper records and documentation
6. Manage the finance subcommittee
Provide leadership to the Finance subcommittee. This provides an opportunity for those with no experience of finance matters to develop their knowledge and skills.