Treasurer

7 days left

Location
We work across the UK, and Board meetings are held either in London or in Ashford, Kent.
Salary
Unpaid (but all reasonable expenses will be reimbursed)
Posted
03 Aug 2017
Closes
01 Oct 2017
Availability
Weekdays
Frequency
Quarterly
Appointment
Over 3 years
Organisation
Charity, Grant-maker

 

Our vision is that everyone living with glaucoma, and all those at risk, should have the knowledge and access to the care they need to avoid preventable sight loss. To achieve this we fund research, run awareness raising campaigns, and provide advice and support to help people live well with glaucoma.

The IGA was founded in 1974 and is a charity registered in England and Wales (no. 274681) in Scotland (no. SCO41550), and is also a limited company (no. 1293286). It is based in Ashford, Kent, and currently has 16 staff and 25 volunteers.

The IGA is overseen by a board of trustees – currently 12 people, drawn from all over England and Scotland. The board comprises consultant ophthalmologists, optometrists, nurses, and people with and without glaucoma who bring a wide range of skills and experience. 

Our Treasurer will retire in March 2018, when we hope that the IGA will be close to finalising a new strategic plan.  We are seeking a new Hon. Treasurer with strong strategic and financial ability, and ideally a good level of awareness of the issues facing the charity sector.

The Treasurer’s role is to monitor the financial administration of the charity and report to the board of trustees on its state of financial health, in line with best practice, and in compliance with the governing document and legal requirements.

Day to day responsibility for financial matters is delegated to the CEO, supported by the Head of Finance. Written reports are presented to every Finance & Governance Committee meeting, comprising management accounts, cashflow, legacy report, grant report, and investment balances. Staff provide draft budget, Reserves Policy, Investment Policy, Risk Register and accounts to the Treasurer and F&G committee for discussion, according to an agreed annual schedule.

The Board meets 5 times a year, on a weekday usually between 11am and 2-3pm. There are 4 regular board meetings, and an AGM which precedes our Annual Lecture, usually delivered to an audience of IGA members by a leading consultant in the field.

In addition there are two permanent sub-committees:

  • the Finance & Governance Committee, which meets 4 times a year and comprises the Vice Chair and Treasurer plus (currently) 4 other trustees, with the CEO and Head of Finance in attendance..
  • the Grants Committee, which meets 4 times a year (3 usually via conference call), and comprises 3 ophthalmologists including the current Chair, plus a trustee patient representative. 

For new trustees, a detailed handbook gives details of roles and responsibilities, an induction programme is in place, and training is offered on an ongoing basis.

The IGA has a turnover of c. £1.25m. Audited accounts can be found on the charity’s website www.glaucoma-association.org.uk.  The charity has healthy free reserves, held largely in a portfolio valued at £3.3m managed by Rathbones investment managers.

The main responsibilities and duties of the treasurer are to:

  • play a key role in the Finance & Governance committee in line with its terms of reference, and report back to the board of trustees
  • maintain a good level of awareness of charity finance issues and the third sector operating environment across the UK
  • advise on the financial implications of the charity’s strategic plan; act as a sounding board for the CEO if needed
  • monitor and advise on the financial viability of the charity; ensure appropriate levels of reserves
  • oversee the charity’s investments, board-level liaison with investment managers; review the charity’s investment policy annually and revise if needed
  • oversee the charity’s financial risk‐management process; oversee the implementation  and monitoring of specific financial controls and adherence to systems
  • oversee and present budgets, internal management accounts and annual financial statements to the board of trustees
  • lead in the board’s duty to ensure that proper accounting records are kept, financial resources are properly controlled, invested and economically spent, in line with good governance, legal and regulatory requirements
  • liaise with the auditors on specific board-level issues such as the Auditors’ Management Letter and the related board representations.

We are seeking a Treasurer who 

  • Shares our commitment to the values and aims of the IGA, and to the wellbeing of the people we support
  • Has strong finance skills, good strategic awareness, and an understanding of the context in which the IGA operates (or a willingness to learn more)
  • Understands the duties and responsibilities of a charity trustee
  • Is a good communicator with excellent interpersonal skills, objective and independent and able to challenge supportively

Other documents available on request

  • Trustee Handbook
  • IGA Articles of Association
  • Board and committee terms of reference

If you would like an informal discussion about the role and/or the IGA, please contact Karen Osborn, Chief Executive on 01233 64 81 72 or k.osborn@iga.org.uk or our current Treasurer Alan Vaughan at alanvaughan623@gmail.com