WELSH LAWN BOWLS

Treasurer 2023

WELSH LAWN BOWLS (WLB)

Welsh Lawn Bowls is the sole Governing Body for Outdoor Flat Green Bowls in Wales.

TREASURER’S ROLE DESCRIPTION

The Treasurer has a role to oversee all aspects of the financial management, working closely with other members of the Executive Committee of the WLB, to safeguard the WLB finances.

It is important to note that although the Treasurer ensures that these responsibilities are met, much of the work may be delegated to a finance sub-committee.

In summary, the Treasurer is responsible for: -

• General financial oversight.
• Financial reporting.
• Banking, bookkeeping and record keeping.
• Working with the WLB Secretary in the booking of accommodation, travel etc for competitions.

Given these responsibilities, the Treasurer typically acts as an information and reference point for the Chair and other WLB Executive members, clarifying financial implications of proposals, outlining the current financial status and retrieving relevant documentation.

Additional Responsibilities of the Treasurer: -

Funding:

• Ensure use of funds complies with conditions set by any funding bodies.
• Ensure that any fund raising complies with relevant legislation and is bound by effective financial systems and controls.
• Ensure effective monitoring and reporting.

Planning and budgeting:

• Prepare and present budgets for new or ongoing work.
• Advise on financial implications of plans and needs going forward.
• Present, where necessary, revised financial forecasts based on actual spends.
• Booking accommodation and arranging Transport

Financial Reporting:

• Present regular reports to the Executive Committee on the WLB’s financial position
• Prepare accounts for audit and liaise with the auditor, as required.
• Present accounts at the WLB AGM
• Advise on the WLB reserves.

Banking, bookkeeping and record keeping:

• Manage the WLB bank accounts.
• Set up appropriate systems for book-keeping, payments and petty cash, if any.
• Ensure that anyone handling money keeps proper records and documentation.

All in all, the WLB Treasurer will be responsible for ensuring that effective financial systems and procedures have been established and are being consistently followed and are in line with best practice and legal requirements.