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.

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