Volunteer Treasurer - Board Trustee

What will you be doing?

Key Responsibilities 1. Financial Oversight

Oversee all aspects of the charity’s financial operations, including budgeting, accounting, and financial reporting. Ensure that the charity adheres to all legal financial obligations and maintains accurate financial records. Monitor the charity’s cash flow, income, and expenditure to safeguard its financial stability and sustainability. Regularly review and update financial policies and procedures in line with best practices.

2. Financial Reporting

Present regular financial reports to the Board, providing analysis and insights to facilitate decision-making. Prepare and present the annual financial statements and coordinate with auditors for annual audits. Ensure financial reports meet the standards required by relevant regulatory bodies (e.g., Charity Commission, Auditors, HMRC).

3. Budgeting and Financial Planning

Lead the preparation of the charity’s annual budget and financial forecasts. Collaborate with other Board members to guide the strategic planning process and ensure alignment with financial resources. Identify and manage financial risks, recommending strategies to mitigate potential challenges.

4. Governance and Compliance

Ensure compliance with all relevant financial legislation and charity law, including VAT and tax requirements. Serve as the Board's lead on compliance matters related to finance, and maintain a strong understanding of regulatory changes affecting the charity sector. Work with the charity’s finance team (if applicable) to maintain effective internal controls and safeguarding measures.

5. Supporting Fundraising and Development Efforts

Work with the Board and fundraising teams to develop financially sound strategies to support growth and stability. Assess the financial implications of new projects, partnerships, and fundraising initiatives. Works collaboratively with volunteers and stakeholders.

What are we looking for?

Skills and Qualifications

Experience: Proven experience in a senior finance role, ideally within the charity sector or in a similar nonprofit environment. Financial Expertise: Strong understanding of charity finance, accounting, and reporting requirements, including charity law and SORP guidelines. Analytical Skills: Ability to analyze complex financial information and communicate it effectively to non-finance Board members. Ethics and Integrity: A commitment to transparency, ethical practice, and upholding the values of SEDSConnective.

Personal Qualities

Strategic Thinker: Capacity to think creatively and strategically to contribute to the charity’s long-term goals. Collaborative Leader: Excellent communication skills with the ability to work collaboratively with Board members, staff, and external stakeholders. Commitment: Dedicated to advancing the mission of SEDSConnective and supporting its growth and financial sustainability.

Time Commitment

Attend quarterly Board meetings and other meetings as required (estimated 10-15 hours per month), during the day and evening meetings. Additional availability during financial reporting periods and annual audit.

What difference will you make?

The role of Treasurer is so important to us - not only do we need someone to keep us on track financially and keep us viable, but even more significantly, we are looking for someone to help us formulate our vision for the future.