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Preparation and monitoring budgets for the institute and communities
Having an overall appreciation of the requirements of charity Statement of
Recommended Practice for charity Accounts (SORP)
Ensuring sound nancial controls exist throughout the institute
Preparing the records for audit and liaising with the auditors
Financial reporting as necessary to the generalate
Legal
Having an appreciation of the charity’s trust deed and how charities are governed in the UK, including an understanding of the role of the Charity Commission
Understanding the institute’s own rules and regulations, which differ from those under civil law
Having a general awareness of the laws and regulations affecting the institute and its works
Property
Overall responsibility for property maintenance, including liaison with the institute’s legal and property professional advisers
Supervision of the disposal, acquisition and refurbishment of property Banking
Monitoring the institute’s banking arrangements and liaising with its bankers
Ensuring that surplus funds are invested in interest bearing accounts and optimising the amount of such interest
Insurance
Overall responsibility for property, motor, public liability, employer’s liability and all risks insurance
Liaising with the institute’s insurance advisors
Chapter 4 55
