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Treasurers get a helping hand
Partnership working between NCVO, Charity Finance Director’s Group and the Centre for Charity Effectives leads to a powerful resource for treasurers.
Trustee boards now need to hone their financial acumen and this handbook is a valuable resource to help achieve that aim according to Andrew Hind, Chief Executive of the Charity Commission.
There is a strategic link between governance and finance and Honorary Treasurers are key players in promoting good governance in their charities, and by strengthening the board of trustees’ understanding of finance and supporting their ability to make financial decisions, Treasurers establish a sound basis for good governance. Standing alongside Good Governance: A Code for the Voluntary and Community Sector, the Honorary Treasurer’s Handbook is a timely book that places the Treasurer in the broader context of good practice in trustee board governance.
The handbook explores the key relationships with the Chair, Chief Executive and Director of Finance, and both internal and external audit. Of value to both large and smaller charities alike, with a systematic approach and a wealth of practical advice, it demystifies and identifies the key aspects of the role. It demonstrates how the Honorary Treasurer can be instrumental in raising the financial awareness and ability of the whole board, thereby contributing to the effective and efficient delivery of a charity’s mission and objectives.
With the role of charitable activity in wider society under active debate, never has the question of financial accountability been more important to voluntary sector organisations. The new climate of transparency and the call for ever higher standards in public life mean that all organisations, regardless of size or income, need to be able to answer for their financial conduct.
The Honorary Treasurer’s Handbook: A Guide to Strengthening financial accountability is available from publicationsorders@ncvo-vol.org.uk.