The Treasurer’s key task is to help guide the financial decisions of the Board, and act as a voice of expertise, bringing a level of financial experience and know-how to the running of the Trust.
The Trust is formally incorporated as a community benefit society, regulated by the Financial Conduct Authority and is recognised as a charity for the purposes of Gift Aid.
The Treasurer will be co-opted as a member of the Board of Trustees (Directors).
The role involves:
Responsibilities as a Board member
- Support, guide and advise on annual budget and financial operations.
- Ensure that MMCLT adheres to all legal and constitutional requirements related to good accounting practice and finances.
- Ensure proper records are kept and that effective financial procedures and systems are in place and are operating properly (e.g. cheque signatories, petty cash, any purchasing systems, purchasing limits, arrangements for payments to creditors, recovery of debts, carry out regular reconciliations, etc).
- Produce or oversee the production of necessary financial reports, returns, accounts, examinations of accounts, and audits.
- Regularly report on the financial position of the Trust.
- Oversee development of the annual budget, propose the budget is adopted.
- Liaise with members and any sub committees, ensure financial viability of the Trust.
- Provide sound and understandable financial information to support good decision making.
- Assess financial risk, help and advise accordingly.
- Contribute to the overall strategy and advise on financial implications of strategic plans and / or projects.
- Organise financial resources and advise on a reserves policy.
- Help, support, and make fellow members aware of their financial obligations and take a lead in interpreting financial data.
Responsibilities to the Trust
- Maintain and improve the confidence shareholders and supporters have in MMCLT’s financial standing by regular and clear reporting on its financial health.
At present, our annual accounts are prepared externally and we submit annual accounts and an annual report to the FCA.
- Knowledge and ideally experience of current fundraising and finance practice relevant to the Trust.
- Good knowledge and experience of financial management and bookkeeping as required.
- Good financial analysis skills.
- Good communication skills.
- As a minimum, you will be an experienced bookkeeper, comfortable managing six-figure sums.
Ideally, you might be a registered accountant, or a qualified accountant with relevant recent experience. The role may also suit a recently qualified accountant seeking to build up their non-exec experience.
If you’d like to find out more, then please contact Rosie Wood via email@example.com or on 01588 638942.
Enterprise House, Station Street, Bishops Castle, SY9 5AQ
01588 650 364 (Oliver, interim Secretary)