Treasurer (Trustee)

LF2829
  • Voluntary
  • London
  • VOLUNTEER


Group: The Foundation for Liver Research 

Reporting to: The Chairman of the Trustees, Colonel Hamon Massey

Duration: Initial 3-year tenure

Salary: Voluntary (reasonable expenses met)

Starting date: ASAP

CLOSING DATE FOR APPLICATIONS: 28 June 2024

Our trustees are a collective body, with equal responsibility for the governance of our organisation. The following are the expectations of all trustees, plus for this role, a strategic and long-term focus on the organisations’ finances and financial management. The Treasurer works closely with the Chairman, our Chief Operating Officer and the Finance Manager, as well as leading liaison with the External Examiner.

General duties of all trustees 

  • Ensuring that our organisation pursues its stated objects (its purposes), as defined in our Articles of Association, by developing and agreeing a long-term strategy.
  • Ensuring that our organisation complies with its charitable obligations, charity law, company law and any other relevant legislation or regulation.
  • Ensuring that our organisation applies its resources exclusively in pursuance of its charitable objects for the benefit of the public.
  • Ensuring that our organisation defines its goals and evaluates performance against agreed targets. 
  • Safeguarding the good name and values of our organisation, our people and our beneficiaries.
  • Ensuring the effective and efficient administration of our organisation, including having appropriate policies and procedures in place.
  • Ensuring the financial stability of our organisation. 
  • Protecting and managing the property of our charity and ensuring the proper investment of the charity’s funds.
  • Having clarity on the difference between strategic governance functions for trustees and operational management functions for employees. 
  • Following proper and formal arrangements for the appointment, supervision, support, appraisal and remuneration of our employees. 
  • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship. 

In addition to these duties, each trustee should use any specific skills, knowledge or experience they have to help the Board of Trustees reach sound decisions. This will involve scrutinising Board papers, leading discussions, focusing on key issues, providing advice and guidance on new initiatives, and other issues in which you may have particular expertise. 

Specific duties of our Treasurer 

  • Monitoring the financial standing of the charity and reporting to the Board about cash-flow forecasting, income streams, out-going expenses and the overarching strategic management of the organisation’s financial resources. 
  • Overseeing planning/budgeting processes in participation with the Board.
  • Advising on the financial implications of the charity’s strategic plans and overseeing the charity’s financial risk-management process. 
  • Leading in the development and implementation of financial reserves, cost management and investment policies. 
  • Liaising with the External Examiner, in particular for the end-of-year Examination. 
  • Advising the Board on appointment and review of the External Examiner on an annual basis, reporting on financial health to the Board of Trustees at regular intervals.
  • Guiding and advising fellow trustees to present, and asking Members to formally approve, the Trustees’ Annual Report and Examined Accounts. 
  • Ensuring that the organisation’s Annual Accounts are submitted to all relevant regulators in a timely fashion. 
  • Explaining financial technicalities of Management and Annual Accounts in plain language which is fully understood by all trustees. Working with the Finance Manager, preparing and producing Management Accounts in a timely manner for Board meetings.
  • Acting as one of the people authorised to access online banking. 

It is recognised that this role is voluntary and that our employees and other trustees will provide support, assistance and resources as are available to enable you to utilise your best endeavours to carry out these duties within those resources. Here is some of what we would expect from our Treasurer. We know that you may also need training and support from employees, from other trustees and from external organisations, and that that will be forthcoming, as necessary, to build on any area. 

  • Experience and knowledge of managing finances. 
  • A recognised financial and/or accounting qualification would be highly beneficial but is not a prerequisite. Experience and knowledge of current practice relevant to charities or SME finance would be highly useful but not a prerequisite. 
  • Ability to communicate financial information clearly, especially to other trustees whose in-depth financial knowledge may be less than yours.
  • Strategic vision; good, independent judgement; ability to think creatively, tempered by pragmatism and reality. 
  • Skills to analyse proposals, examine their strategic financial consequences and make concise recommendations as part of the trustees’ team. 
  • Ability to cooperatively work with the team of trustees, bringing impartiality and objectivity to decision-making. 
  •  Skills and ability to listen, even to dissenting views. 
  • Willingness to speak your mind and to challenge other trustees and employees with good intent; able to make unpopular recommendations to the Board, if necessary. 
  • Commitment to the organisation; willingness and ability to devote the necessary time & effort, and maintain that for a period of office of a minimum of three years. 
  • Understanding of the needs of our beneficiaries is desirable; an empathy with them is important. 
  • Clear commitment to equity, diversity and inclusion, valuing differences to make better decisions and deliver better outcomes. 
  • Experience of committee work, with an understanding of the role of the Treasurer in effective (charity or corporate) governance, would be highly-valued. 
  • Willingness to be available to employees and volunteers with financial responsibilities on a scheduled or ad-hoc basis to provide advice and answer enquiries. 
  • Having appropriate personal and professional contacts & networks, with willingness to draw on those as needed would be beneficial.

Location & time commitment 

The Board meets four times per annum, three remotely and one in-person meeting in central London. Much of your role can be carried out online and by phone/video. It should be noted that the focus of this role is strategic and you will not be managing the organisation on a day-to-day basis; however, regular contact and liaison with our Chairman, the Chief Operating Officer and the Finance Manager is expected. This is a voluntary position, with reasonable reimbursement of agreed expenses, if needed. 

To apply: send a 1-page covering letter explaining your background and suitability for our team, together with a CV describing your experience to date to:

James Poynton, Chief Operating Officer, Foundation for Liver Research:

 j.poynton@researchinliver.org.uk 

In the event that you are invited for interview we will contact you by email confirming the arrangements. 

The Roger Williams Institute of Hepatology and the Foundation for Liver Research are committed to fostering a safe and welcoming working environment where everyone feels valued.


This role is advertised as part of TPP's Free Giving Back Services. This volunteer advertisement copy has been supplied to TPP and applicants apply direct to the organisation. Please contact the organisation directly if you have any questions about this volunteer role.

 

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