TREASURER, KEIGHLEY PRIDE
The Treasurer works closely with the Chair and the Board. It is a responsible role taking the responsibility of the financial standing of the group and reports to the Board regarding cash-flow forecasting, income streams, outgoing expenses and the overarching strategic management of the organisation’s financial resources.
● Oversee the group’s financial risk-management process and report financial health to the board of trustees at regular intervals.
● Act as a counter signatory on cheques and applications to funders and ensure that annual accounts are submitted to all relevant regulators in a timely fashion.
● Liaise with external auditors on financial issues and ensure that the organisation's finances are responsibly managed/invested for the betterment of the organisation’s work and for the beneficiaries it serves.
In relation to Finance
● Budgeting and strategic financial planning
● Ensure all strategic plans are financially appraised and budgets are aligned to both short-term and long-term objectives each year.
● Oversee planning/budgeting processes in participation with the Board and constructively challenge where required.
● Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios.
● Create transparency and accountability for resource allocation by adding specific measures as per SORP guidelines.
• Ensure a high standard of management accounting is maintained in order to safeguard assets.
• Liaise with the Finance Director and trustees to prepare and produce management accounts regularly.
Statutory Financial Reporting
• Board level liaison with external auditors on specific issues in the auditing process and related board representations.
• Guide and advise fellow trustees to formally approve the annual report and audited accounts.
• Explain technicalities of accounts in plain language which is fully understood by the trustees.
• Develop reserves policy and safeguard the organisation’s finances.
• Keep the board informed of free reserves positions regularly and advise them to cope with changing circumstances.
In relation to Governance
• Lead the Board’s duty to ensure proper accounting records are kept, financial resources are controlled, invested and economically spent in line with governance, legal and regulatory requirements.
• Chair finance committees in line with standing orders and terms of reference and reporting findings/developments back to the Board of trustees.
• Advising on the financial implications of the group’s strategic plans and overseeing the group’s financial risk-management process.
• Lead in the development and implementation of financial reserves, cost management and investment policies.