Sensational Kids is seeking a voluntary Finance Trustee. The key responsibilities of the Finance Trustee include:
1. Financial Oversight: Monitor and review financial performance, including budgets, financial statements, and cash flow, to ensure accuracy and integrity.
2. Chairing the Finance and Audit Committee: Lead the committee in evaluating financial policies, overseeing internal controls, and ensuring compliance with financial regulations and best practices. Report to the board with financial updates from the Committee. Approve monthly payroll.
3. Strategic Financial Planning: Contribute to the creation and implementation of long-term financial strategies that align with the organisation’s mission and goals.
4. Regulatory Compliance: Ensure that financial practices and reporting adhere to relevant laws, regulations, and standards.
5. Risk Management: Identify financial risks and recommend strategies to mitigate them, safeguarding the organisation’s financial stability.
6. Financial Reporting: Oversee the preparation and presentation of clear and accurate financial reports for the board and stakeholders.
7. Budget Oversight: Review and approve annual budgets, ensuring they align with the organisation’s priorities and strategic objectives.
8. Audit Oversight: Manage the external audit process, review findings, and ensure that any issues are addressed and resolved.
9. Support and Advice: Provide financial expertise and guidance to the board and senior management to support informed decision-making.
Skills and Experience Required:
1. Qualified Accountant: Holds an ACA qualification, demonstrating a strong grasp of accounting principles and practices.
2. Financial Management: Experienced in budgeting, financial reporting, and cash flow management.
3. Audit Experience: Skilled in internal and external audits, addressing findings effectively.
4. Regulatory Knowledge: Deep understanding of recognised financial regulations and compliance; knowledge of Charity SORP FRS 102 would be beneficial but not essential.
5. Strategic Planning: Contributes to a financial strategy and aligns it with organisational goals.
6. Risk Management: Identifies financial risks and develops mitigation strategies.
7. Leadership Skills: Proven leader with experience chairing committees or financial teams.
8. Analytical Skills: Strong problem-solving abilities with attention to detail in financial reporting.
9. Commitment to Mission and Values: Dedicated to aligning financial practices with the organisation’s values.
Charities Regulator’s General Duties of a Charity Trustee:
1. Comply with the Charity’s governing document.
2. Ensure the charity is complying with its charitable purpose for the public benefit.
3. Act in the best interest of the charity.
4. Act with Reasonable Care and Skill.
5. Manage the assets of your charity.
Board Meetings: Board meetings are scheduled to take place every month in a hybrid format at Sensational Kids, Kildare Town, and at other times in Dublin. The Chairperson is responsible for setting the agenda, ensuring the meetings are conducted effectively, and overseeing the follow-up on action items.
Total Time Commitment:
1. Board Meetings: one meeting per month of approximately two hours duration plus time to review documents in preparation for meetings.
2. Finance & Audit Committee: one online meeting per month of approx 30-60 minutes duration plus time to review documents in preparation for meetings.
Occasionally, shorter single-item agenda board meetings may be held between regularly scheduled board meetings if the need arises to progress a particular matter.
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