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Trustee - Lead on Finance and Chair of Risk & Audit Committee

Job Title: Trustee - Lead on Finance and Chair of Risk & Audit Committee
Contract Type: Permanent
Location: Worcester
Industry:
Salary: 0 - 0
Reference: Finance Trustee
Contact Name: YSS
Contact Email: recruitment@yss.org.uk
Job Published: February 24, 2021 16:18

Job Description

YSS Finance Lead Trustee & Chair of Audit & Risk Committee - Summary of the Role

 

YSS is a registered charity and limited company, established in 1986. Annually YSS works with approximately 2,000 people in the West Mercia and Warwickshire areas and currently employs 48 paid staff. We provide a range of services across the criminal justice system, children’s services and social care. For this we are funded by a variety of sources from contracts, charitable trusts and generous private donors.

 

Our mission is to help people who are facing life difficulties and who are in a period of transition in life by providing them with practical and emotional support. We have a strong set of values and focus all our activities on achieving set outcomes.

 

We are seeking a Finance Lead Trustee who will ideally be a CCAB or equivalent qualified accountant with an experience of working with or attending an Audit & Risk Committee(s). You will be confident in providing effective challenge having held positions where you have had to influence, with extensive exposure to Executives and Boards in previous roles. Experience of the voluntary sector is not essential but would be an advantage.

 

As a trustee of YSS, you would share corporate responsibility for the strategic direction, legal, financial, social impact and sustainability of the organisation.  

 

This is an exciting opportunity for you to support YSS and will allow you to see the impact of your own, and the Board’s actions. Our operations are focused on a smaller geographical area compared to some larger national providers and therefore the impact of our Charity decisions are more visible. You will contribute to making a difference to the lives of others by ensuring that we continue to be a sustainable key provider of services to people with complex needs. 

 

Role Summary

 

As a Trustee, you will be responsible for setting the strategic aims, objectives and direction of the charity. You will use your knowledge, skills and experience to ensure YSS achieves its charitable objectives and represents the interests of all stakeholders, and act as an ambassador for the charity. In this significant period of disruption, we are planning ahead for the retirement of our existing Finance Lead Trustee & Chair of the Audit & Risk Committee hence recruiting now to achieve continuity and sufficient handover. As Chair of the Audit & Risk Committee and a Lead Trustee on Finance, you will oversee the charity’s financial health and take a lead responsibility to develop and implement policies for financial management, including investment, funding and all aspects of financial reserves. As a critical friend, you will provide advice, support, challenge and guidance to the Director of Finance and Resources, the CEO, members of the Audit & Risk Committee, Trustees, and to the charity.

 

General responsibilities of a Trustee are:

 

  • To actively contribute to the Board’s role in giving firm strategic direction to YSS including setting overall policy, defining goals and setting targets,
  • To monitor performance against targets,
  • To ensure that resources are applied exclusively in pursuance of YSS’s objectives,
  • To ensure that YSS complies with its Memorandum and Articles, charity law, company law and any other relevant legislation or regulations,
  • To safeguard the reputation and values of YSS,
  • To ensure the effective and efficient administration of YSS,
  • To ensure the financial stability of YSS managing the YSS accounts, property and investments,
  • To contribute, as required, to the appointment, support and the monitoring of the performance of the Chief Executive,
  • To sit, as required, on appraisal, recruitment and disciplinary panels.

 

In addition to the general responsibilities of a Trustee, the key accountabilities for the Finance Lead include:

  • To keep Board members apprised of their financial obligations and provide assurance of the Board’s due compliance,
  • To chair the 6-monthly Audit & Risk Committee meetings and ensure that agreed actions and audit recommendations are followed and implemented,
  • To maintain oversight for the Board over the spending of annual budgets,
  • To overseeing and advising on preparation and presentation of budgets, accounts and financial statements,
  • To support the Senior Management Team in the development of the Risk Register, and ensure regular review takes place,
  • To ensure that the charity has appropriate reserves, treasury and risk management policies,
  • To ensure that appropriate accounting procedures and controls are in place,
  • To ensure the Board receives regular comprehensive financial management reports,
  • To advise on the financial implications of the organisation’s strategic plans,
  • To ensure that there is no conflict between any investment held and the aims and objects of the charity,
  • To ensure SORP-compliant statutory annual accounts are prepared,
  • To work with the Senior Management Team to assess the financial and strategic risks of major projects when required,
  • To work with the Senior Management Team on the tender process for auditors, investment managers and pension advisor consultants,
  • To contribute to the fundraising strategy of the organisation,
  • To sit on staff appraisal, recruitment and disciplinary panels as required.

 

Person specification

  • Qualified Accountant (ACA/ACCA/ICAEW/CIMA or equivalent)
  • Current financial experience
  • Senior executive/management experience
  • A broad understanding of financial planning, management and reporting
  • Effective communication and interpersonal skills
  • Experience of chairing meetings, either in a professional or voluntary context
  • Appreciation of the nature of risk management at board level
  • Good independent judgement
  • A sensitive approach to balancing conflicting views
  • Ability to network and build relationships within and outside YSS

 

Tenure

1 year probationary period followed by up to 3 further period of 3 years.

 

Induction

New Trustees are given a full induction and introduction to YSS, the responsibilities of being a Trustee and any other training needed to help them carry out their role effectively. All Trustees have role descriptions and take part in training and development as appropriate.

 

Remuneration

YSS Trustees are volunteers and this position is unpaid.

 

Expenses

Reasonable expenses incurred will be paid in line with our volunteer expenses policy. 

 

Time Commitment

Approx. 34 hours a year plus pre-meeting preparation + up to 2 “away days” for strategy meetings. All meetings are conducted online at present.

 

Trustees are also encouraged to attend YSS events, including visits from our charity Patron and are welcome to make occasional visits to projects to see first-hand the work of YSS and meet the people we support, our staff and volunteers.  

 

Trustees must be at least 18 years old. Appointment is subject to eligibility in line with The Charity Commission criteria. All Trustees are individually and legally responsible for the charity they govern. To find out more information please visit The Charity Commission guidance - The essential trustee: what you need to know, what you need to do [CC3] – https://www.gov.uk/government/publications/the-essential-trustee-what-you-need-to-know-cc3

 

RECRUITMENT PROCESS/TIMETABLE

 

·       Applications deadline 7 March 2021

·       Interviews w/c 15 March 2021

 

How to apply

 

To apply, please visit our website https://www.yss.org.uk/trustee-recruitment to download an application form and the YSS EDI and Safeguarding Declaration Form. Applications should be emailed to recruitment@yss.org.uk marked for the attention of the Trustee Recruitment Committee. 

 

If you would like the opportunity to learn more about this role prior to making your application, please contact Ian Richards, our current Finance Lead Trustee, via email at Ian.Richards@ysscharityltd.onmicrosoft.com who will arrange to speak with you.

 

Please also visit our website www.yss.org.uk where you can find our latest annual financial accounts in the section “Our Impact”>”Reports”.