Sam Mason

Sam Mason

LFA Treasurer (Yr7 Parent)

LFA Terms of Reference 2024

LFA Treasurer

  • Act as liaison point with the Charity Commission and ensure that filings are made in an accurate and timely manner.
  • To record all income and expenditure in a ledger, recording details of the amounts received and spent and have these details available to report income and expenditure at every Committee meeting and for annual accounts
  • Maintain the financial records and plans.
  • Liaise with the bank.
  • Prepare and co-sign cheques as required.
  • Make online payments when required eg: LFA 100 Club lottery winners, supplier invoices.
  • Count and bank monies at events.

Estimated annual hours commitment

  • Event banking: 1hr per event x 17 event (2023/24) = 17hrs
  • Committee meeting attendance: 1.5hrs per meeting x 6 meetings per year = 9hrs
  • Committee meeting finance report: 1hr per meeting x 6 meetings per year = 6hrs
  • Account / Banking reconciliation: 1hr per quarter = 4hrs
  • 100 Club prize payments: 1hr per payment x 11 payments = 11hrs
  • Online payments: variable approx. 3hrs
  • Lottery returns: 30mins per quarter = 2hrs