about 1 month ago
Worcestershire Association of Carers
The role of Treasurer is not accompanied by any financial remuneration, although expenses for travel and out of pocket expenses may be claimed. Authorisation of claims will be through the Chief Executive / Deputy Chief Executive.
FOUR number Board meetings per year plus the AGM.
FOUR Trustee meetings per year - desired attendance [held in between Board Meetings]
Chairs 4 Finance Sub-committee meetings per year.
The Treasurer is also expected to have regular meetings with the Finance Manager / Officer as required in fulfilment of role
Attend other meetings as required.
Reporting and responsible to:
Board of Trustees (Management Committee)
Status of Organisation:
Registered Charity. 1071850.
A Company Limited by Guarantee - Registered in England and Wales Number 3485330.
Status of Treasurer
As an elected member of the Board the Treasurer will hold the status of Trustee of the Charity [equal status with other Trustees], and a Director of the Company Limited by Guarantee. Relevant details supplied in these respects will be registered with appropriate regulatory authorities.
The Treasurer will:
1. Oversee the financial matters of the charity in line with good practice and in accordance with the governing document and legal requirements,
2. Report to the Board of Trustees at regular intervals about the financial health of the organisation.
3. Ensure that effective financial measures, controls and procedures are put in place and managed, and are appropriate for the charity.
1. Overseeing, approving and presenting budgets, accounts, financial statements and financial reports to the Board of Trustees after discussion with the Chief Executive Officer.
2. Being assured that the organisation’s financial resources meet its present and future needs and are within the charity’s objects
3. Being instrumental in the development and implementation of appropriate financial, reserves policy and investment policies
4. Liaising on a regular basis with the Finance Manager / Officer about financial matters
5. Ensuring that appropriate accounting procedures and controls are in place
6. Advising on the financial implications of the organisation's strategic plans
7. Liaising with the charity’s auditors
8. Ensuring equipment and assets are adequately maintained and insured
9. Keeping the board informed about its financial duties and responsibilities
10. Making a formal presentation of the accounts at the Annual General Meeting and drawing attention to important points in a coherent and easily understandable way
11. Sitting on appraisal, recruitment and disciplinary panels as required
Relationship with the Chief Executive and the wider management team
12.Support the Chief Executive, whilst respecting the boundaries which exist between the two roles
13.Ensure regular contact with the Chief Executive and develop and maintain an open and supportive relationship within which each can speak openly about concerns, worries and challenges.
14.Liaise with the Chief Executive to maintain an overview of the Charity’s affairs, providing support as necessary
15. The Treasurer is encouraged to take a portfolio position on at least one of the main areas of the Associations activities. In this particular role that is Finance.
16. The Treasurer may participate in a lead role of a panel of Trustees in the Overview and Scrutiny of at least one of the key areas of WAC activity which does not include an area for which they already hold a portfolio position.
17. The Treasurer is expected to participate in the Association’s Trustee Link Scheme to inform other Trustees of discussions / meetings held / attended.
18. The above list is indicative only and not exhaustive. The Treasurer may be requested to perform all such additional duties from time to time as are reasonably commensurate with the role.
In addition to the qualities required of a Trustee of the charity, the Treasurer must also meet the following requirements:-
1. Demonstrate a strong and visible passion and commitment to the charity, its strategic objectives and cause
2. Personal gravitas to lead the financial matters of a significant and important organisation.
3. Exhibit strong inter-personal and relationship building abilities and be comfortable in an ambassadorial role
4. Demonstrate tact and diplomacy, with the ability to listen and engage effectively
5. Ability to commit time to conduct the role well.
6. Strong networking capabilities that can be utilised for the benefit of the charity
7. Experience of operating at a senior strategic leadership level within an organisation
8. Successful track record of achievement through their career
9. Experience of charity governance and working with or as part of a Board of Trustees
10. Experience of external representation, delivering presentations and managing stakeholders
11. Significant experience of chairing meetings and events
Knowledge and skills
12. Financial management expertise and a broad understanding of charity finance issues
13. Strong leadership skills.
14. Good understanding of charity governance issues
15. Broad knowledge and understanding of the Local Authority sector and current issues affecting it
16. As a Trustee the charity’s Treasurer is elected annually at the AGM and will subsequently be confirmed in post / selected as Treasurer by the members of the Management Committee [Board of Trustees] at the first meeting of the Board following each AGM. Periods of membership/retirement by rotation from the Management Committee [Board of Trustees] are referred to in the MEMORANDUM OF ASSOCIATION & ARTICLES OF ASSOCIATION
17. In addition to chairing specific finance meetings the Treasurer has the right to attend sub-committees/project groups, as deemed appropriate, where financial matters are key to the Charity’s operations.