Treasurer to join the Young Westminster Foundation

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Organisation: Young Westminster Foundation

Location Westminster, London (Central), W2 5EU
Where the role is based Mainly at home, or mainly at the office.
Travel limit No
Opportunity type Trustee/Governor
Reference number J56008

Opportunity description

Exciting opportunity for a Treasurer to join our Board of Trustees of a brand new high-profile charitable foundation with a passionate and energetic team and impact positively on the future generation.

The role

Main Duties and Responsibilities

  • To ensure the Young Westminster Foundation (the YWF) carries out its purposes for the public benefit as defined in the governing document
  • To ensure the YWF complies with the Constitution, and legal and regulatory requirements
  • Oversee the financial affairs of the organisation and ensure they are legal, constitutional and within accepted accounting practice
  • Ensure proper records are kept and that effective financial procedures are in place
  • Monitor and report on the financial health of the organisation
  • Make fellow committee members aware of their financial obligations and take a lead in interpreting financial data to them
  • Regularly report the financial position at committee meetings (balance sheet, cash flow, fundraising performance etc)
  • Oversee the production of an annual budget and propose its adoption at the last meeting of the previous financial year
  • Oversee the production of necessary financial reports/returns, accounts and audits
  • To act in the organisation’s best interests, make balanced and adequately informed decisions, and avoid putting yourself in a position where your duty to the YWF conflicts with your personal interests or loyalty to any other person or body
  • To ensure the YWF applies its resources responsibly and exclusively to support or carry out its stated purposes; to ensure appropriate procedures and safeguards are in place and being followed
  • To ensure the organisation is accountable both internally and externally; to comply with accounting and reporting requirements and ensure that the YWF is accountable to its members, beneficiaries and supporters
  • To safeguard the good name, values and financial stability of the organisation
  • To lead a finance working group and work closely to support the CEO and Finance Officer in ensuring the charity’s financial sustainability

 

  • Lead on appointing and liaising with auditors/an independent examiner.

 

 

Required skills

  • Accountancy
  • Financial management
  • Business development
  • General management

Person description

Individuals are sought who have a strong understanding of, and empathy with, our mission to improve children’s and young people’s life changes.  Experience, skills, and expertise in charitable work, combined with an interest in issues facing children and young people and an in-depth understanding of our work and ambitions are particularly sought.

Essential

  • Knowledge of book keeping and financial management
  • Excellent financial analysis skills
  • An understanding of the role of Trustee; understanding and acceptance of the statutory duties, responsibilities and liabilities of trusteeship
  • A willingness and capability to devote the necessary time to effectively carry out the duties and responsibilities of the role; a willingness to be available for advice and enquiries on an ad hoc basis
  • Demonstrable experience of building and sustaining relationships with key stakeholders and colleagues to achieve organisational objectives
  • An ability to work effectively as a member of a team, listen to others ideas’ and challenge constructively
  • Strategic vision, sound independent judgement and effective decision-making
  • A history of impartiality, fairness and the ability to respect confidences
  • A proven track record of commitment to promoting equality and diversity
  • A commitment to supporting children and young people

Desirable

  • Experience of working within organisations providing services directly to children, young people and their families
  • Knowledge and experience of current and fundraising finance practice relevant to voluntary and community organisations
  • Successful experience of operating within a board or in a senior leadership / management position in a charitable, public sector or commercial organisation, with experience in strategic and financial planning, scrutiny and overview

What impact the opportunity will have

In Westminster, as across the country, year-on-year expenditure on youth services has been cut. This means that opportunities for children and young people have significantly diminished with youth workers losing their jobs as a consequence and a club closing. There are huge social and economic inequalities across Westminster and young people are acutely aware of disparities in wealth around them.  37% of children are estimated to live in poverty with some wards amongst the most deprived in the country. 

The impact of your work with the YWF will be to sustain services for children and young people and impact positively on the lives of thousands of young people. 

What’s in it for the volunteer?

You will be part of something exciting and new working with a small friendly team of skilled professionals both within the core team and existing board members. You will widen your network and learn new skills. 

Time commitment

Either in or out of office hours

There will be 4/6 board meetings per year held in Westminster. In addition you will be expected to meet with the CEO and attend finance meetings.

Other details

Additional application instructions