Voluntary Treasurer – Compass Advocacy Network Ltd

Voluntary Treasurer – Compass Advocacy Network Ltd Closed
* Closes 13th December*

The Treasurer oversees financial management, ensuring transparency, viability, and governance of the charity. Responsibilities include strategic financial leadership, financial reporting, compliance, risk management, and investment oversight.

• Assist in shaping and advising on the charity’s overall strategy, with particular emphasis on financial sustainability and resource allocation.
• Ensure that the charity has adequate financial resources to meet its strategic goals and objectives.
• Work closely with the Board, Finance Manager and Senior Management Team to assess financial risks and opportunities, providing strategic guidance to maintain financial health.

• Ensure that accurate and comprehensive financial reports, including budgetary and cash flow statements, are presented to the Board regularly, ensuring that Board members have a clear understanding of the financial health of the organisation.
• Work in close collaboration with the Finance Manager to ensure effective execution of the charity’s financial responsibilities

• Regularly review the charity’s financial policies and procedures, including the appointment of external auditors and other financial advisors.
• Act as Chair of the Finance and Governance Sub-Committee, leading discussions on financial matters and ensuring robust decision‑making processes

• Ensure that the charity maintains an appropriate reserves policy, balancing financial security with investment opportunities.

• Ensure that the organisation’s financial practices comply with all statutory and regulatory requirements, including financial reporting, tax compliance, and donor reporting.
• Provide guidance on risk management strategies, helping to identify and mitigate financial risks to the organisation.

• Provide financial guidance and support to fellow Trustees, ensuring financial information is clear and accessible for all Board members.
• Assist in the appraisal of the Chair, working with the Vice Chair to consult with other Trustees and executives in the process.
• Contribute to the general governance and leadership responsibilities of the Board, including contributing to the development of strategies, policies, and targets for the organisation.
• Contribute actively to the Board’s role in giving strategic direction to the charity, setting policies, defining goals, and evaluating performance.
• Ensure that the charity’s resources are used effectively and exclusively to pursue its objectives.
• Safeguard the reputation and values of the organisation, upholding its ethical and charitable mission.
• Declare any conflicts of interest and maintain integrity in all Board duties.
• Be collectively responsible for decisions made by the Board and ensure the charity is compliant with all relevant legislation.
• Participate in additional tasks and committees as necessary, such as recruitment, fundraising, and advocacy.
• Stay informed on the charity’s activities and the external environment impacting its work.

• Financial Expertise: Strong understanding of financial management, including accounting, budgeting, investments, and financial reporting. Experience in charity or non‑profit finance is preferred.
• Governance Knowledge: An understanding of governance, charity law, and financial compliance.
• Strategic Thinking: Ability to contribute to the development of long‑term financial strategies and risk management plans.
• Leadership and Communication: Effective leadership skills, capable of working collaboratively with other Board members and executive staff, and able to clearly communicate complex financial information.
• Commitment to the Organisation’s Mission: Passionate about the charity’s work and committed to its values and objectives.

• Term Length: The Treasurer serves a term of three years, with the possibility of re‑election for a second term.
• Time Commitment: Attendance at approximately 6–10 Board meetings annually, including Finance and Governance Sub‑Committee meetings. Preparation time and availability for consultation between meetings will also be required.

The Treasurer role is unpaid, but reasonable expenses incurred in the course of duties will be reimbursed