The role is for a Trustee, who will also take the Treasurer role in time, further to an introduction period to the organisation and shadowing of the current treasurer. Our articles say that trustees can serve on the board for a maximum of nine years and the treasurer is coming up to that now.
The Treasurer role will;
· Oversee the financial affairs of the organisation and ensure they are legal, constitutional and within accepted accounting practice.
· Ensure proper records are kept and that effective financial procedures are in place.
· Monitor and report on the financial health of the organisation.
· Oversee the production of necessary financial reports/returns, accounts and audits.
· Liaise with relevant staff and trustees to ensure the financial viability of the organisation.
· Make fellow trustees aware of their financial obligations and take a lead in interpreting financial data to them, including those who may have different communication needs
· Regularly report the financial position at Board Meetings (balance sheet, cash flow, viability etc).
· Oversee the production of an annual budget and propose its adoption at the last meeting of the previous financial year.
· Ensure proper records are kept and that effective financial procedures and controls are in place,
· Purchasing approvals over £10k
· Appraising the financial viability of plans, proposals and feasibility studies.
· Lead on appointing and liaising with auditors
What are we looking for?
· Knowledge and experience of current finance practice relevant to voluntary organisations.
· Good knowledge of financial management
· Experience at a senior/advanced level of managing a Finance team/service.
· Excellent financial analysis skills.
· Ability to communicate complex financial information simply and clearly, with a range of people, including those with different communication needs.
Good understanding of Governance Requirements for Voluntary organisation, especially with regards to Financial Regulations and Board best practice.
Time commitment and location
Quarterly meetings mainly held in Central London on Saturdays. Occasional evening Board meetings, and some other requirements to attend quarterly Sub Committee meetings.
Overall there is an approximate requirement of 8-10 days per year to allow for training and Board Duties.
The role is voluntary with reasonable paid expenses.
This role will provide you with variety. We are an exciting prospect for anyone joining our board as KeyRing doesn't sit still. We look to innovate in both the way we are funded and how we deliver and you would be part of that. Our people love working here, and most trustees stay for many years, becoming as passionate as we are about KeyRing. The financial aspects are varied also as we explore different ways to operate and attract business so you won't be bored and will be useful for anyone wanting to develop a more rounded skill set in finance or sector knowledge, or hold the interest of someone with many years of experience.
To find out more please contact Karyn Kirkpatrick Chief Executive on 07989 983829.