The role and responsibilities of the Honorary Treasurer are crucial to their charities and these publications may offer some insight and information to assist their work.
Update on new SORP to come into effect January 2015
The amended Statement of Required Practice (SORP) has been launched to reflect changes in the financial reporting standards. You will need to apply a new SORP for your accounting period beginning on or after 1 January 2015. For your information, Sayer Vincent has prepared a brief summary of the changes which you will need to consider. The briefing can downloaded here.
Reclassification of charities by investment fund managers
The requirements of the Retail Distribution Review (RDR) under the Financial Conduct Authority (FCA) came into force at the start of 2013 and have had an interesting knock-on effect on charity investments. Investment management firms have reclassified charities whose portfolios they manage as ‘professional’ or ‘retail’. You may be uncertain as to how these changes affect your charity. Professor Paul Palmer Trustee of HTF and Professor of Voluntary Sector Management at Cass Business School has published an article about the impact of the changes which can be viewed on our website: http://www.honorarytreasurers.org.uk/docs/PalmerandButterworth.pdf
The Honorary Treasurers Handbook
by Les Jones and Tesse Akpeki (2006) published by NCVO
A guide for treasurers, finance directors, and board members on strengthening financial accountability. This handbook outlines the role of the treasurer and how this contrasts with the role of the finance director. Using practical examples and case studies, the publication demystifies the role of the treasurer and provides useful resources for the treasurer and for the board.
Philanthropy in the
by Lindsey Driscoll & Peter Grant (2009)
A discussion paper prepared for the Honorary Treasurers Forum which reassesses the role and functions of UK charity foundation management.
Getting ready for changes to charity accounting in 2015, Nigel Davies, charities SORP Secretariat- Download pdf
The Role of the Honorary Treasurer - Download pdf
Charity Finance opinion piece on Environmental Accounting - Download Word doc
Terms of reference for an Audit Committee - Download Word doc
Article on “Managing in a Downturn” from a speech by Kate Sayer - Go to site
Information on resources offered by ICAEW for Honorary Treasurers - Download pdf
Audit Committees - Download pdf
The Role of Internal Audit - Download pdf