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Role

Trustee/Treasurer (Voluntary)

Job Title: Trustee/Treasurer (Voluntary)
Contract Type: Permanent
Location: Kent
Industry:
Salary: voluntary
Reference: YLF01
Contact Name: Stephen Gray
Contact Email: stephen.gray@ylf.org.uk
Job Published: February 24, 2021 15:49

Job Description

Role Description

Responsibilities

The Treasurer is a member of the Trustee Board and the charity’s expert on accounting and finance. This voluntary role combines strategic advice to both trustees and staff with more practical support. They ensure the charity has sound financial planning, administration and reporting. They support the production of the annual statutory accounts from detailed records made by staff in cloud accounting software. They help to ensure the charity has the financial resources to achieve its goals through contracted, fundraised and commercial income.

Governance 

  • Support the Chair of Trustees as they lead the Board in meeting changing needs and demands, including plans for growth
  • Chair a Finance and Risk Sub Committee, ensuring appropriate items reach agendas and reporting back to the Board
  • Review the charity’s polices related to finance and accounting
  • Ensure effective financial governance structures are in place, appropriate and proportionate to the charity’s size, complexity, stage of development and objectives
  • Act as the Board’s point of contact for the Chair of Trustees and CEO on financial matters

Financial Planning 

  • Advise the Board and CEO on long-term financial planning and how this supports the wider strategy
  • Appraise management accounts, cashflow and budgets in light of short-term and long-term objectives
  • Ensure regular review of risks to which the charity is exposed and take appropriate steps to mitigate, without becoming risk averse

Management Reporting 

  • Work with staff to prepare and present quarterly management accounts
  • Communicate key metrics and technicalities (e.g. BS and P&L) in plain language 

Statutory Financial Reporting 

  • Support the preparation of annual accounts according to the Charities SORP (FRS 102), and work with CEO and Finance Manager to liaise with independent auditors
  • Advise Board on the approval of the annual report and accounts

Reserves

  • Monitor reserves policy and recommend changes as appropriate
  • Ensure funds are managed effectively in light of values, returns and ease of access

Financial Administration

  • Monitor financial administration and advise staff to ensure proper records are kept
  • Act as counter-signatory on bank accounts and applications to funders

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