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The role of treasurer should be abolished

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Charities should abolish the role of treasurer, replace annual budgets with rolling forecasts, and turn management accounts upside down, an audience of finance directors and trustees heard yesterday as part of Charity Finance Week. Hilary Seaward, a freelance accountant and winner of the Charity Finance Group’s first Adrian Randall Prize for innovation in charity finance, said she felt charities should ditch annual budgets and start again with a blank piece of paper. She also cautioned against letting trustees say that they "Don't do numbers". 

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