u3a

Stevenage

Charity Number 801069

As Treasurer you will:

Be collectively responsible, with all Trustees, for Stevenage u3a’s money, ensuring funds are secure, properly used and accounted for
Take day to day responsibility for Stevenage u3a’s finances
Provide regular updates and reports to the Trustees and Members on the financial position of Stevenage u3a
Put in place effective measures, controls to ensure the financial security of Stevenage u3a. This is done in conjunction with all Trustees
Ensure the objectives of Stevenage u3a are met by following the constitution and the law in ensuring effective governance. Act in line with the u3a Trustee Code of Conduct.

Able to plan and anticipate financial options for future
An eye for detail and accuracy
Able to explain financial information in a clear way to the trustees and members
Comfortable using technology, in particular financial packages
A team player who enjoys working with others

Help from experienced and current Committee members
A Trustee induction with Stevenageu3a
Information, advice and workshops are available from the Third Age Trust, via the u3a website or by email, info@u3a.org.uk

Follow the constitution of Stevenage u3a and the codes of conduct for members and trustee
Follow the statutory requirements and the guidance from the charity regulator and u3a Trust including;

keeping financial records, paperwork and correspondence for at least 6 years
- ensuring appropriate accounting procedures and controls are in place so that Stevenage u3a operates within a sound financial framework and the committee fulfils its role of custodian of members’ money and achieve financial security

By actioningthe following:

Reconcile all monies received into bank accounts.
Keep accurate records of income and expenditure and a record of assets and liabilities of the charity
Maximise income from reserve funds
Issue payments when required and issue receipts for all cash payments
Ensure that all Stevenage u3a’s financial obligations are met quickly and efficiently

Ensure that any grants or funds received for specific purposes are designated as restricted funds and appropriately spent
Process Gift Aid claims; ensure that the amount being claimed is in line with HMRC guidance in place at the time
Answer questions from members and trustees on Stevenage u3a’s financial position
Ensure the list of authorised signatories is maintained and updated as required
Oversee the production of an annual budget in line with our u3a’s short- and long-term objectives. Seek approval and adoption by the committee for this budget.
Ensure the highest level of financial transparency and accountability
Identify potential financial risks and recommend a course of action to mitigate these risks
Be responsible for having the necessary financial policies in place to ensure the smooth day to day running of Stevenage u3a activities
Propose and implement a policy for the management of any property or assets

Prepare regular financial statements and reports for the committee to help Trustees carry out their financial responsibilities. Present the year-end accounts at the AGM
Ensure that any recommendations from the examiner/auditor are implemented