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Trustee Role Description - Treasurer

Role title: Treasurer
Accountable to: Board of trustees
Responsible for: Finance
Term of office: Four years

Scope and purpose

The overall role of the Treasurer is to maintain an overview of the society's affairs, ensure financial viability, and ensure that proper financial records and procedures are maintained. The Treasurer works closely with the Finance Manager and the CEO, to whom the day-to-day responsibilities for the BSI’s financial management is delegated.

General responsibilities for Trustees

  • To ensure that the Society complies with its governing document, charity law, company law, and any other relevant legislation or regulation,
  • To ensure that the Society applies its resources exclusively in pursuance of its objects, Contribute actively to the board of trustees, giving strategic direction to the Society, Safeguard the good name and integrity of the Society,
  • To ensure the effective and efficient administration of the Society,
  • To protect the property of the charity and to ensure the proper investment of the charity's funds,
  • To assist with the appointment of the Chief Executive and to monitor his/her performance through an agreed process.

In addition to the above statutory duties, every trustee should use any specific skills, knowledge, or experience they have to help the board of trustees reach sound decisions. These may involve: 

  • Scrutinising board papers
  • Leading discussions
  • Focusing on key issues
  • Providing guidance on new initiatives
  • Other issues in which the trustee has special expertise.

Additional duties of the Treasurer

  • To ensure that appropriate accounting and auditing procedures and controls are in place, and that these comply with statutory requirements
  • To oversee, approve and present budgets, accounts and other financial statements,
  • To be assured that the financial resources of the Society meet its present and future needs,
  • To ensure that the charity has appropriate reserves and investment policies,
  • To be assured that the Society complies with all relevant legislation, Make a formal presentation of the accounts at the Society AGM as required by the legislation.

Person specification

  • Relevant financial experience
  • Some experience of charity finance, or a broad understanding
  • Skills to analyse proposals and examine their financial consequences
  • Willingness to be available to staff at short notice and on an ad-hoc basis
  • Commitment to the Society
  • Strategic vision
  • Good, independent judgement
  • Ability to think creatively
  • Willingness to speak their mind
  • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship
  • Ability to work effectively as a member of a team
  • Nolan's seven principles of public life: selflessness, integrity, objectivity, accountability, openness, honesty, and leadership

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