Finance Trustee

Job Title: Finance Trustee
Contract Type: Permanent
Location: St Albans
Salary: £0
Reference: 1-2610391
Contact Name: Tracey Cook
Contact Email:
Job Published: January 16, 2021 17:10

Job Description

St Albans Museums and Galleries Trust is a registered charity (no.1051868) whose object is “the advancement of the education of the public by the development promotion assistance and improvement of museums historic buildings and archaeological sites in and around the District of St Albans”. The Trust mainly supports and promotes St Albans City and District Council’s Museums Service. As a registered charity the Trust assists with fundraising in particular: it has helped raise over £1.6 million towards the new St Albans Museum and Gallery. The Trust has no employees and therefore the trustees, collectively and individually, are responsible for its management and oversight. Currently there are 6 trustees supported by a volunteer Trust Administrator. Full Trust meeting are usually held four times a year although additional meetings may occasionally need to be held at short notice. Founded in 1995, the St Albans Museums and Galleries Trust is a registered charity and a key partner of the St Albans Museums Service. Its work includes supporting the museums and galleries of St. Albans by utilising members’ interest and experience, raising funds and promoting the benefits of the city’s rich heritage, arts and culture

The Finance Trustee does the following:

• Prepare monthly income statement, including analysing bank statements • Prepare monthly summary of donation box income and contactless payments received

• Prepare running totals statement (income & expenditure) each quarter based on St Albans Council’s statement of receipts and payments • Advise on level of repayments to the Council for the St Albans Museum + Gallery project every 3 months • Advise on financial reserve level required to ensure financial sustainability of the Trust at year end and amend the Trust’s Reserves Policy accordingly

• Advise on funds available for the Trust to carry out its charitable purpose, such as supporting exhibitions

• Manage the audit process, assist with audit questions, and check financial statements produced by auditors

• Liaise with banks on issues such as security, changes in regulations and account signatories

• Report back to other trustees on financial situation

• General financial advice