For Bexley Voluntary Service Council
Monitor the financial standing of the charity and reports to the Board and CEO regarding cash-flow forecasting, income streams, out-going expenses and the overarching strategic management of the organisation’s financial resources. Oversee the charity’s financial risk-management process and report financial health to the board of trustees at regular intervals. After probationary period, may be asked to act as a counter signatory on cheques and applications to funders and ensure that annual accounts are submitted to all relevant regulators in a timely fashion. Liaising with external auditors on financial issues and ensuring that the organsiation’s finances are responsibly managed/invested for the betterment of the organisation’s work and for the beneficiaries it serves. Main Responsibilities of the Treasurer
In relation to Finance
Budgeting and strategic financial planning • Ensure all strategic plans are financially appraised and budgets are aligned to both short-term and long-term objectives each year. • Oversee planning/budgeting processes in participation with the Board and constructively challenge where required. • Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios. • Create greater transparency and accountability to improve resource allocation and charity’s image by adding specific measures as per SORP guidelines.
Management Reporting • Ensure a high standard of management accounting is maintained to safeguard assets. • Liaise with CEO and trustees to prepare and produce management accounts regularly.
Statutory Financial Reporting • Board level liaison with external auditors on specific issues in the auditing process and related board representations.
• Guide and advise fellow trustees to formally approve the annual report and audited accounts. • Explain technicalities of accounts in plain language which is fully understood by the trustees.
Reserves Policy • Develop reserves policy and safeguard the organisation’s finances. • Keep the board informed of free reserves position regularly and advise to cope with changing circumstances.
In relation to Governance • Lead the Board’s duty to ensure proper accounting records are kept, financial resources are controlled, invested and economically spent in line with governance, legal and regulatory requirements. • Chair finance committees in line with standing orders and terms of reference and reporting findings/developments back to the Board of trustees. • Advising on the financial implications of the charity’s strategic plans and overseeing the charity’s financial risk-management process. • Lead in the development and implementation of financial reserves, cost management and investment policies.
Essential • Qualified accountant with demonstrated commercial awareness and knowledge. • Knowledge of charity SORP and impending changes. • Competent use of IT skills. • Proven ability to communicate and explain financial information to members of the Board and other stakeholders. • Analytical and evaluation skills, demonstrating good judgement. • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship. • Good communication and leadership skills
Desirable • Demonstrated knowledge and experience of charity fundraising and finance practices. • Dedicated to the organisation’s cause and objectives and willing to act as the charity’s ambassador to external bodies, charities and companies. • Skills and experience in one or more areas of non-executive governance and management e.g. strategic planning, business management, financial/accountancy, understanding of HR issues, experience of Trusts or other grant giving bodies particularly fundraising and legal knowledge. • A team-oriented approach to problem solving and to management.
Start Date: 22/07/2020
End Date: 22/07/2021
• The Board meets at least 4 times a year and the Treasurer is expected to be available 4 times in a year. In addition, the Treasurer must attend the AGM. • You may be a member of a sub-committee which will meet up to 3 times in a year • Attendance at award meetings or fundraising meetings is optional
Crayford Manor House,
Mayplace Road East
Bexley Rugby Football Club
Greenwich & Bexley Community Hospice
Evergreen Care Bexley
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