Ash u3a Treasurer

Role summary

To oversee the finances of Ash u3a in line with good practice and in accordance with the governing document (constitution), the wishes of the committee and charity legislation.
To take day to day responsibility for Ash u3a’s finances.
To provide regular reports to the board/committee on the financial position of Ash u3a.
To ensure the financial resources meet the present and future needs of Ash u3a.
To ensure effective measures, controls and procedures are put in place which are appropriate to the u3a and will safeguard assets and ensure financial security.
To be instrumental in the development and implementation of appropriate financial, reserves and investment policies in line with the charitable objects/purposes of Ash u3a.

To receive and bank all monies.
To maintain accurate records of all monies received attaching all relevant paperwork.
To issue receipts for all cash payments.
To chase up debts promptly.
To ensure that all Ash u3a’s financial obligations are met quickly and efficiently.
To organise the purchase of all Ash u3a equipment as authorised by the committee.
To verify and ensure that all expenditure is used exclusively in pursuance of Ash u3a’s charitable objects/purposes.
To maintain accurate records of all payments with supporting paperwork and a detailed log of online payments.
To record all financial transactions.
To ensure that any grants or funds received for specific purposes are designated as restricted funds and appropriately spent.
To process all gift aid claims.

To open a bank account for Ash u3a which offers the desired facilities as identified by the committee e.g. dual authorised online banking, a debit card etc.
To ensure the list of authorised signatories is maintained and updated as required.
To check and reconcile all monthly bank statements as soon as possible.

To oversee the production of an annual budget in line with the Ash u3a’s short and long term objectives for approval and adoption by the committee.
To monitor the budget forecast carefully, warning the committee of any potential issues.
To recommend any changes to the subscription fee and/or other charges that may be necessary to ensure that the financial resources of the Ash u3a meet its present and future needs.
To develop and implement an appropriate reserves policy to safeguard Ash u3a’s finances and review it regularly to take into account changing circumstances and to avoid an excessive build-up.
To maximise income from reserve funds.

To answer questions from members on the Ash u3a’s financial position.
To prepare regular financial statements and reports for the committee in language which can be easily understood so that informed decisions can be made.
To present year-end accounts for Ash u3a bank accounts with all relevant paperwork to be examined/audited after the year-end and in good time for the AGM.
To present the year-end accounts at the AGM.
To keep financial records, paperwork and correspondence for at least 6 years.

To ensure the highest level of financial transparency and accountability.
To appraise the financial viability of plans or any proposed strategy and advise the committee on the financial implications and any risks.
To identify potential financial risks and recommend a course of action to mitigate them.
To ensure that the appropriate accounting procedures and controls are in place within Ash u3a, in line with the requirements and recommended practice of the charity regulators, so that Ash u3a operates within a sound financial framework and the committee fulfils its role of custodian of members’ money.
To ensure that any recommendations from the examiner/auditor are implemented.
To ensure that all the necessary financial controls are in place to safeguard the Ash u3a’s assets and achieve financial security.
To be responsible for having the necessary financial policies in place to ensure the smooth day to day running of Ash u3a activities e.g. reclaimable expenses.
To propose and implement a policy for the management of any property or assets.

Last updated on 17 January 2026 by Graham (Chair)