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