We are looking for a new Honorary Treasurer to join our diverse Board of Trustees. This is a key role within the organisation, offering a wonderful opportunity to make a difference to the lives of separated children arriving in the UK.
About the charity
Established in 2007, The Separated Child Foundation offers practical, emotional and social support to separated children and young people in Britain who are asylum seekers or refugees. The children we support arrive with nothing, having fled their homelands because of war, terror or persecution.
About this role
In addition to the general responsibilities of a Trustee, the Honorary Treasurer maintains an overview of The Separated Child Foundation’s financial affairs, monitors the financial administration of the charity and provides financial management advice and information to the Board of Trustees and to the Chief Executive.
Qualities of an Honorary Treasurer
Essential
• Qualified accountant with demonstrated commercial awareness and knowledge
• Knowledge and experience of current finance and fundraising practice relevant to charitable organisations
• Proven ability to communicate and explain financial information to members of the Board and other stakeholders
• Analytical and evaluation skills, demonstrating good judgement
• Ability to analyse proposals and examine their financial consequences
• Ability to communicate financial information to non-finance trustees
• Understanding of risk
• Good communication and leadership skills
Desirable
• Prior experience of committee/Trustee work
• Knowledge and experience of the type of work undertaken by The Separated Child Foundation
• A wider involvement with the voluntary sector
Main responsibilities of the Honorary Treasurer
• Making sure the charity keeps proper accounts
• Reviewing the charity’s financial performance
• Drawing up or reviewing policies for finance and investment
• Ensuring that the charity has robust and effective financial controls in place
• Liaising with external bookkeeping providers and with the charity’s Independent Examiner
• Reporting on financial matters where relevant
• Acting as a counter signatory on bank payments
• Liaising with external payroll provider regarding payroll preparation for new employees
• Ensuring our banking services are fit for purpose
Financial overview
• Act as the main interface between the Board of Trustees and the Chief Executive on financial matters
• Advise the Board as necessary on its financial duties and responsibilities
• Maintain an overview of the organisation’s financial status and viability and provide overall financial management advice to the Board and to the Chief Executive
• Advise and monitor financial risks to which the organisation is exposed
• Oversight of and input into financial controls
• Involvement in the preparation of the Trustees’ Annual Report and Accounts (TARA) and Annual Review
Strategic input and budget monitoring
• Work with the Chief Executive to draft 1-3 year budgets to deliver the strategic plan
• Advise on the financial implications of the strategic plan
• Support the Chief Executive’s review of monthly management accounts as needed
Additionally, the Honorary Treasurer is a key member of the Management Committee.
Please contact us through Reach in the first instance, either to apply for the role or to arrange an informal conversation with our existing Honorary Treasurer. We are aiming to meet interested people during the month of October with the successful applicant being invited to attend our Board meeting on Thursday 14th November.
