The impact of the pandemic and the subsequent cost of living crisis has disproportionately affected the most vulnerable, leaving people isolated, struggling with mental health and facing more challenges than ever. At WBAF, we connect people, empowering people with mentoring and harnessing the power of volunteers to build confidence and help people get where they want to be. Our services are more needed now than ever before, and we’re expanding to meet that need.
We provide support to some of London’s most disadvantaged people: 85% of the children and young people we work with qualify for free school meals, and 75% of the families we work with are single-parent households. We’ve recently launched a specialised programme of support for refugees and asylum seekers and we’re currently supporting the community of 600 asylum seekers in temporary accommodation in Westminster.
We’re a growing organisation that has been able to respond flexibly to increasing needs that emerged during and after the pandemic. We now support ten times more people a year than we did three years ago, and this year we expect to reach around 300 individuals with one to one support.
It’s an exciting time for WBAF: we’re changing our name and re-branding, we’ve invested in financial and operational systems to boost our efficiencies, and we’ve embarked on a five year growth plan that should take us to an income of over £1 million over the next four years, aiming to provide high quality mentoring with a lasting impact to over 1000 people a year.
Given the task we’ve set ourselves, we’re looking for a Treasurer who is dynamic, creative and able to help us think round corners, while making sure we’re accountable and using our resources responsibility.
Our board is diverse, inclusive and supportive, and we’ve recently launched a Youth Advisory Board to enhance our accountability and enrich our decision-making. Join us if you want to make a difference, use your skills and enjoy the challenge! Given the people we support and our intention to better represent the people we serve at the governance level, we particularly welcome applications from women and people of colour.
WBAF TREASURER’S RESPONSIBILITIES
Budgets and cashflow
- Work with the CEO to prepare an annual budget
- Develop a financial management strategy appropriate for a small organisation, considering key indicators for monitoring stability and progress towards targets
- Provide input to budgets for specific projects and for fundraising as required to support CEO
- Prepare a cashflow forecast for each committee meeting
- Oversee the preparation of regular management accounts comparing actual income and expenditure against what was budgeted showing the variance (difference)
- Monitor and update board on the free reserves position
Book-keeping, bills and banking
- Act as one of the bank mandate signatories
- Ensure that the bank mandate form is kept up to date
- Ensure regular and accurate bank reconciliations take place
- Ensure that appropriate insurance is maintained
- Support the development of a robust and appropriate fundraising strategy
- Have a view of sources of funding and cashflow for the next three years
- Prepare draft annual accounts for submission to the auditor/independent examiner
- Ensure that the annual return is made to the Charity Commission
- Ensure that company returns are made to Company House
- Ensure that auditor has access to all required information
- If the organisation receives a management letter ensure that its contents are noted by the trustees and appropriate action is taken
- Qualified accountant with demonstrated commercial awareness and knowledge Knowledge of charity SORP Competent use of IT skills Proven ability to communicate and explain financial information to members of the Board and other stakeholders Analytical and evaluation skills, demonstrating good judgement Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship Good communication and leadership skills
- Demonstrated knowledge and experience of charity fundraising and finance practices Dedicated to the organisation’s cause and objectives and willing to act as the charity’s ambassador to external bodies, charities and companies Skills and experience in one or more areas of non-executive governance and management e.g. strategic planning, business management, understanding of HR issues, experience of Trusts or other grant giving bodies and legal knowledge. A team-oriented approach to problem solving and to management
- The Board meets at least five times a year Estimated time outside board meetings of circa 4hrs per month
- Board meetings are held online and when in person, at rotating locations in central London