11 days ago
Guts UK Charity
Application deadline: 1st Feb 2020
Guts UK has embarked upon an ambitious journey of transformation and growth. Transitioning from an inward looking research-based organisation to a public facing repository of knowledge, a network of experts and a proactive community, Guts UK aims to become the central charity and research organisation promoting and educating the public about the importance of a healthy gut.
We’re now recruiting for a Treasurer, a key role in the effective governance of most charities. While financial matters are the responsibility of all trustees, it is often the Treasurer that the other trustees look to for all aspects of the charity’s financial management and governance.
Charity governance is a balanced relationship between the employed executive staff (Chief Executive, Finance Manager, Research Manager, etc) and the volunteers on board of trustees. This team is responsible for directing the affairs of a charity, ensuring that it remains solvent, well-managed, and delivering on the stated charitable objectives.
A key role in the effective governance of most charities is that of the Treasurer. While financial matters are the responsibility of all trustees, it is often the Treasurer that the other trustees look to for all aspects of the charity’s financial management and governance. In overview, the Treasurer is responsible for:
- Establishing and maintaining a robust financial governance framework
- General financial oversight
- Financial planning and budgeting
- Financial compliance and reporting, including audits
- Banking, book-keeping, financial reconciliations and controls
- Control of fixed assets and stock
Given these responsibilities, the Treasurer typically acts as an information and reference point for the Chair and other committee members: clarifying financial implications of proposals; confirming legal requirements; outlining the current financial status; and retrieving relevant documentation.
- Overseeing and presenting budgets, internal management accounts and annual financial statements to the board of trustees;
- Taking the leading role for the board in ensuring proper accounting records are kept, audited annual financial statements are produced, financial resources are properly controlled, invested and economically spent, in line with good governance, legal and regulatory requirements;
- Providing guidance and advice to the Finance Manager responsible for the financial activities of the organisation;
- Chairing Guts UK’s Audit, Regulatory and Compliance (ARC) committee ensuring proper meetings are held to review and oversee the operation of the charity in line with its terms of reference, and reporting back to the board of trustees;
- Monitoring and advising on the financial viability of the charity;
- Overseeing the development and implementation of appropriate financial systems and controls;
- Advising on the financial implications of the charity’s strategic plan;
- Overseeing the charity’s financial risk‐management process, including developing new policy and processes to manage developing risks as appropriate;
- Providing direct controls over certain finance outflows as counter signatory on charity payments and significant transactions where required;
- Representing the board liaising with the external auditors and oversee the audit of the annual financial statements and controls
- A qualified Accountant with good understanding and appreciation of corporate governance and financial management.
- Appreciate the role and can deal effectively with auditors, regulators, HMRC, investment managers, banks and other institutions
- Have good interpersonal skills and an effective communicator at senior level
- Highest level of integrity.
- Be able to see the big picture yet have an eye for the details and experience with dealings with large sums
- Be methodical and able to act decisively in the face of ambiguities
- Work effectively as part of a team
- Have people management experience
- Understand and have experience of investments
- Good IT skills
- Have appreciation of the legal requirements of a charity including its regulatory environment
Impact of the role
Our mission is to expose and address the stigma surrounding digestive health whilst educating and informing the public on the importance of the issue. Having excellent financial governance allows the charity to safeguard its assets and protect its operations ensuring the highest level of compliance in order to continue delivery on its objectives. The Treasurer is instrumental in ensuring Guts UK remains compliant with all its regulatory requirements and have robust financial governance, as well as providing expert guidance to the other trustees, the CEO and Finance Manager as part of the Audit, Risk and Compliance committee.
What’s in it for the volunteer
As part of the Board, the Treasurer will be exposed and be expected to provide advice and guidance to the rest of the Board on all financial matters. This provides a sound basis to develop interpersonal and communication skills at the highest level of management. With the comprehensive oversight responsibilities as part of the Audit, Risk and Compliance committee ranging from strategic, financial, legal, investment, HR, IT and operational matters, the Treasurer will be able to develop a broad range of experience to further enhance his/her leadership capabilities.