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.
2. Financial Oversight and Reporting:
* 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
3. Governance and Financial Compliance:
* 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
4. Investment and Asset Management:
* Ensure that the charity maintains an appropriate reserves policy, balancing financial security with investment opportunities.
5. Auditing and Risk Management:
* 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.
6. Board Collaboration and Performance:
* 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.
Person Specification:
* 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 and Commitment:
* 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
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