Trustee and Treasurer
|Job Title:||Trustee and Treasurer|
|Contact Name:||Rashmi Rungta|
|Job Published:||February 20, 2019 11:32|
Charityworks runs the UK's leading graduate programme for the non-profit sector. We are recognised for developing leadership talent and delivering social impact. Working with the sector, our mission is to create a network of leading non-profit organisations committed to building capacity through collaboration, and promoting them as employers of choice to attract, grow and retain future managers and leaders. Through this, we aim to increase the reach, quality and impact of non-profit services and improve the lives of the people we serve.
We are looking for someone with the following experience and capability:
- Financial and business experience at an appropriate level which (desirable but not essential) would include being a qualified member of one of a recognised accountancybody
- An understanding of the charity sector, for example an appreciation of the operations,accounting(includingSORP)andlegalframeworkintheUK
All trustees need to have the following:
- Understanding, or commitment to acquire an understanding, of the legal duties, responsibilities and liabilities of trustees. Acceptance of these duties, responsibilities andliabilities,andacommitmenttooperatewithinthem
- An ability and willingness to work as a member of a team and to supportmanagement
- Understanding of being part of a network and working in a network or a decentralisedorganisation
Prior experience of working with or on a Board, whilst desirable, is not an essential requirement for elected trustees.
In addition to the general responsibilities of a trustee, the overall role of a treasurer is to maintain an overview of the organisation's affairs, ensuring its financial viability and ensuring that proper financial records and procedures are maintained. For example, by taking a lead role on behalf of the Board in:
- Overseeing the preparation of budgets, accounts and financial statements, and recommending them to the Board for approval
- Being assured that the financial resources of the organisation meet its present and futureneeds
- Ensuring that appropriate accounting procedures and controls arein place
- Ensuring that the accounts are prepared and disclosed in the form required byfundersandtherelevantstatutorybodies,e.g.theCharityCommission
- Ensuring that the accounts are scrutinised in the manner required by external audit and any recommendations areimplemented
- Keeping the Board informed about its financial duties andresponsibilities
- Making a formal presentation of the accounts at the annual general meeting and drawing attention to important points in a coherent and easily understandableway.
In addition, the Treasurer has a key role in ensuring that potential conflicts of loyalty are identified and highlighted, in particular where elected trustees’ loyalty to the organisations they represent may create a potential conflict with the best interests of Charityworks.
- To ensure that Charityworks complies with its governing document, charity law, company lawandanyotherrelevantlegislationorregulations
- To ensure that the organisation pursues its objects as defined in its Articles of Association,andthatitusesitsresourcesexclusivelyinpursuanceofitsobjects
- To contribute actively to the Board of Trustees in giving firm strategic direction to the organisation, setting overall policy, defining goals, setting targets and evaluating performance against agreedtargets.
- To ensure the effective and efficient administration ofthe organisation
- To protect and manage the property of the organisation and to ensure proper investment offunds
- To represent the organisation externally.
In addition to the above duties, each trustee should use any specific skills, knowledge or experience they have to help the Board of Trustees reach sound decisions. This includes:
- Scrutinising Board and committeepapers
- Focusing on keyissues
- Providing guidance on newinitiatives
In all actions, elected trustees must remain conscious of the fact that, as a Board trustee, all conflicts of loyalty with their own organisations are to be avoided or disclosed. Decisions must be taken solely with the best interests of Charityworks in mind.
It is anticipated that there will be four half day Board meetings a year, four Fundraising and Resourcing (FRC) sub committee meetings usually lasting one hour each and an all day away day. All meetings take place in a central London location, FRC meetings may be virtual.