scout group treasurer - scouting ireland€¦ · here's what you need to do: before you start...
TRANSCRIPT
Scout Group TreasurerAims and objectives of this session
• RefreshontherolesandresponsibilitiesoftheScoutGroupTreasurer• Keyideasandgoals• FinancialManagement
• BankAccounts• Cash~Cheques~Deposits• Receipts&Expenses• Property&Equipment• Budgeting• EndofYear&AnnualReturnstoSI/CRA/CCNI• RecordKeeping
• GoodGovernance/BestPracticeforScoutGroups
Scout Group Treasurer – Roles and responsibilities
• GroupLeadermusthavecompleteconfidenceinScoutGroupTreasurer• ManagetheGroupFinances• ReportbankbalancesateachGroupCouncil• ReportIncome&ExpenditureatleastquarterlytoGroupCouncil• ManageALLBankAccounts• ProduceAnnualAccounts• ManagetheBudgetaryProcess• EnsurethattheScoutGroupisfullyTaxCompliant• TackleanyfinancialissuesAStheyarisewiththeScoutGroupCouncil• ActasoneoftheseveralCharityTrusteesfortheScoutGroup• KnowthatyouaresupportedbytheScoutCountyTreasurerand
FinanceSupportTeam– itisimportantthatyouhavecontactdetailsforyoursupportpeople
Key Ideas and Goals
Keepitsimple.Wedon’tneedlargecorporationpoliciesandprocedures.We'reallvolunteerswithveryfulllives.
TheTreasurer:1.Collectsmoney,makesdeposits,receivesexpensereports,paysbills,writescheques(withacosignatory!)2.TheTreasurercreatesandmanagesthebudget.3.UpdatesandpublishesScoutaccountrecords.4.Reviewsbankstatements;Balancesthebooks;Createseventsurplus/deficitsummaries.
TheScoutGroupTreasureralongwiththeotherTrusteesholdultimateresponsibilityforthefinancefunctionintheScoutGroup.
Transparency & Communication
OpenlyshareinformationIfamemberoftheScoutGroupwishestoseethedetailedfinances,thisshouldbefacilitated.HowevertheyshouldrequestthisinformationinwritingtotheScoutGroupCouncilAsTreasureryoumaywishtowalkthemthroughthedocumentstoavoidmisunderstandingsorquickjudgmentsandtounderstandwhytheyareasking.Don'tautomaticallysendthedetailedfinancesouttoeveryone.Financesandfinancialstatementstaketime,experienceandcontexttounderstand.Reviewbothlargeexpendituresandnon-standardexpenditureswiththeScoutGroupExecutiveTeamBEFOREandAFTERspendingthemoneyBringprintoutsofalldocumentstotheScoutGroupExecutiveTeammeetings.
• SharefinancialsummarieswiththeScoutGroup.• Bringprint-outsofbankstatementsandincome&expendituretothe
ScoutGroupCouncilmeetings• WalktheScoutGroupCouncilthroughthefinancialstatements...lineby
line.
Bank Accounts• CanonlybeopenedafterapprovalfromTheScoutGroupCouncil.• Musthaveaminimumof2signatoriesperaccountfromapoolofatleast3
TrusteesandmustincludetheGroupTreasurer• Mustinclude‘ScoutingIreland’andGroupnumberintheaccountname
e.g.‘ScoutingIreland9thPortMalahideFridayScouts’• ScoutGroupTreasurertomonitorallbankaccountsincludingSection
accounts• Allbankaccountsshouldbereconciledatleastquarterly• Allbankaccountstobereviewedbyathirdpartyannually• DonotoperateOverdrafts• Mortgages:talktoNationalOffice• Onlinebankingmustbesetupwithatleasttwoauthoriserswhoshallbe
trustees
Cash
Avoid“cash”whereverpossible- Handlingcashisthenumberoneplacewheremoneyisconfused,lostorstolen.AdisorganizedpersoncaneasilyconfusetheGroupscashwiththeirown.Astressedpersoncaneasilyborrowcash.Cashisanissuebecausecashisdifficulttotrack.Chequesrequiredepositandleaveatrail.
Trackcash - Asmoneyishandedtoyou,recordthecashinaledgerwhilethepersonisstillstandingwithyou.Givethepersonareceiptforthecash.
Neverpayexpensesdirectlyfromincomingcash - Depositeverything.Wheneverpossible,payallexpenseswithcheques.It'sabouttransparency,discipline,organisation,knowingwhatthingscostandgettingreceipts(oratleastsomethingtodocumenttheexpense).
Cheques
Allincomingchequesshouldbe writtentoyourScoutGroup.Neverhaveincomingchequeswrittendirectlytovolunteers.
Witheverycheque,incomingoroutgoing, writeinthecomments sectionabriefdescriptionofthepurposeofthecheque.Thisisusefulwhenreconcilingrecordsasmostbanksallowretrievingtheimageofthecheque.
Depositchequescontinually.Thisshouldbeatleastweeklyorfortnightly
Thetreasurershouldneversignchequespayabletoanyoneintheirownfamily.Haveanotherauthorised,non-familymembersignthecheque.
ScoutingIrelandrecommendstwosignaturesoneverycheque.
Deposits
Createadetaileddepositrecord forreconcilingrecordslater.Recordthedatereceived,amount,scout,purposeandnameonchequeifdifferentthanthescoutfamily,veryimportantforfundraisers.
Collectmoneycontinually - Don'twaitweeksoramonthforanactivity,acamporafundraisertobedone.Ideally,ateverymeeting,thetreasurershouldask..."Gotanychequesforme?“
Depositmoneyoften - ArepeatedprobleminmanyScoutGroupsisholdingchequesformonthsandmonths.Thisaffectsfamiliesthatdon'thavegoodcontroloftheirownfinances.ItalsomakesitdifficulttoknowtheScoutGroupfinances.
Receipts
Keepreceiptsorganised - OnewayistogetathreeringbinderwithA4paper.Tapethemsequentiallyinastheyarrive.
Writeoneachreceipt thedateitwaspaid,thenameofthepersonbeingreimbursed,thechequenumberusedtopayit.
Makethemwritesomethingdownandsignit ifthereisnoreceipt.Forexample,firewoodpurchasedatacampsite.
Expenses
• ExpensespolicytobeagreedbyScoutGroupCouncil• ScoutingIrelandPolicyavailableonwebsite• Beawareoftaximplications• ExpensesmustfallwithinPolicyandBudget• Groupmustensure‘valueformoney’• Allexpensesmustbeclaimedwith45daysofbeingincurred• Allexpensesmustbereceipted• TemplatesavailableforExpenseClaimForm
Property & Equipment
• ShouldbemanagedbyQuartermaster• Keepcentrallyandingoodcondition• MaintainanAssetregister(listofallequipmentownedby
theScoutGroup• Planforrenewalorreplacementofequipment– budget
process• Personalequipmentvs.Groupequipment• EnsureadequateInsurance
Budgeting
• Prioritiseexpenditure• BudgetshouldbediscussedbyGroupCouncil anddevelopedbytheScout
GroupCouncilinlinewithavailablefinancesandexpenditurecommitments.Budgetsshouldbeadheredto
• Out-of-BudgetexpendituremustbeapprovedbytheScoutGroupCouncilandmayrequireadditionalfundraising
• Beconsciousoftreatingallsectionsfairly• Providesupportinginformationbeforetheannualplanningsession.• Provideabankbalance.• ProvideasummaryofIncome&Expenditure.• Createanestimatedbudgetbasedonpastactualspending.
End of Financial Year
Closeandreviewthebookseveryyear.• Attheendofthefinancialyear,makeonelastcallforoutstandingexpenses
andreceipts• Reconcileandcloseissues.Don'tletfinancialproblemsgofromoneyearto
thenext• Payalloutstandingbills.Ofcourseifsomeonehasalateexpensesubmitted
afterthefinalfinancialstatementsarepublished,stillreimbursethem.Justrecorditinthenextyearfinancialyear
• Produceanincome/expenditurestatement• Produceabalancingstatementshowingscoutaccounts,receivables,
payablesandalistofequipmentanditsvalue• PublishandreviewwiththeScoutGroupExecutiveTeam• PrepareannualreturnforAGM,ScoutingIrelandandtheCRA/CCNI
Annual Return to the CRA / CCNI*10 months after year end*TheScoutGroupwillbeobligedtomakeanannualreturnoftheirincomeandexpenditurefortheaccountingyearandtherewillbearequirementtoreportonwhethertheGroupdoesanyoftheitemslistedbelowScoutGroupswillberequiredtoreportif:• theScoutGroupworkswithacommercialbusinessthatraisesmoneyforthe
charity• haspoliciesforriskmanagement,investment,safeguardingvulnerable
beneficiaries,managingconflictsofinterest,managingvolunteers,andhandlingcomplaints
• iftheScoutGrouphasrevieweditsfinancialcontrols• declareiftheScoutGrouppaysitstrustees
Record Keeping
TheBasics:
Ø ReceiptsØ PaymentsØ BankReconciliationØ EquipmentRegister
Ø MinutesoftheScoutGroupCouncil&theProgrammeteam(s)
Ø MinutesofScoutGroupCouncilØ MinutesofParents&FriendsMeetings
Typeofrecord HowlongtheymustbekeptFinancialrecords Sixyearsaftertheendofthemost
recentyeartowhichtheyrelate(ortwoyearsafterregistrationisrevoked)
Incorporatingdocuments Foraslongasthecharityisregisteredplustwoyearsafterthecharityisdissolvedorwounduporregistrationisrevoked
Minutesofmeetingsofboardofdirectorsandofmembers
Foraslongasthecharityisregisteredplustwoyearsafterthecharityisdissolvedorwounduporregistrationisrevoked
Record Keeping
Good Governance For Scout Groups
Here's what you need to do:Beforeyoustartinform [email protected] thatyouarenowembarking‘onthejourney’towardsadoptionof,andcompliancewith,theCode,sothatwecanaddthisinformationtothepubliclyavailableinformationweprovide.
Next steps:ReadthroughtheactionsforyourOrganisationalType.*MostScoutGroupswillbeTypeA– wearecurrentlyworkingonasampledocumentforScoutGroupstoimplementAssessyourScoutGroup’sperformanceontheactionsusingtheself-assessmentchecklist.Ranktheactionsthatremaintobedoneinorderofpriorityassigningresponsibilityandadeadlineineachcase.
Good Governance For Scout Groups
Workthroughtheoutstandingactionsuntilallactionshavebeendone.BearinmindthatthismaytakesometimetocompletehoweverScoutingIrelandwillprovidesupporttoyourScoutGrouptocompletetheactions.
And then...
YourScoutGroupcanstatethatitcomplieswithTheGovernanceCodefortheCommunity,VoluntaryandCharitableSectorinIreland.Thisshouldbecommunicatedonallpublicmaterials.
Atypicalplaceforthistypeofpublicinformationwouldbeonyourwebsiteand/orinyourannualreport/accountsandinyourScoutDen/meetingplace.
Good Governance For Scout Groups
Emailacopyofthesignedone-page‘GovernanceCodePrinciplesStatement’[email protected] /www.diycommitteeguide.orgalongwiththedatewhentheScoutGroupCouncilExecutiveTeammadethedecisionthattheScoutGroupiscompliantwiththeCode.Whenwegetthisinformation,theWorkingGroupwilladdyourorganisation’snametothepubliclyavailable RegisterofCompliancewiththeCode,availableonthiswebsite.
Remember!Thisstatementisonlyvalidforoneyear.InadoptingtheGovernanceCode,organisationsaremakingacommitmenttoreviewtheircompliancewithiteveryyear.
Supports
Pleasefinddetailsofyoursupportperson:
County:Provincial:National:Staff:
Resources
www.my.scouts.ie
FinanceManualhttps://my.scouts.ie/uploads/files/Official%20Documents/Official%20Documents/SID_69_10_Finance_Manual.pdf
ExcelAccountsPackage
Updated29.01.17
Thank You