Royal College of Obstetricians and Gynaecologists

An Executive Committee was established as a standing committee of the RCOG in 1926. By June 1930 it had combined with another standing committee, the Finance and Establishment Committee, to form the Finance and Executive Committee (F & E). The office of Honorary Treasurer was created by Council under the 1929 bye-laws of the College (ref: A1/9/1 p. 48), which state that the Honorary Treasurer's duties were to be as follows:- to pay all monies received by him on behalf of the College into a College account; to keep accounts of all monies received and expended and report monthly to the Finance and Executive Committee; to prepare quarterly reports to Council; to maintain an Income and Expenditure account and balance sheet. At an Executive Committee meeting in October 1929 it was decided that the Treasurer be given authority to arrange with the Auditors for one of their clerks to keep the necessary financial books of the College for £50 per annum. The President and Honorary secretary were also authorised to obtain any clerical assistance found necessary (Executive Committee meeting B1, 10 Oct 1929; Archives reference: A3M/1 p. 2). From this beginning the Accounts Department, renamed the Finance Department in 1999, developed. The Department, now headed by a Chief Accountant, offers financial support for the activities of the Honorary Treasurer and is responsible for the following functions:- banking all income which includes subscriptions, examination and course fees and sales from publications; paying all the College's purchase invoices; co-ordinating the budgeting process; preparing the annual statutory accounts.