Chair of Finance committee
- First Rung
- NW9 6DT, London (Greater)
- Closing date
- 27 May 2023
- Charity and not for profit, Education, Board trustees
- Salary band
- Part Time
- Where will they be working?
- Hybrid - mostly home
We’re looking for a new trustee to Chair our Finance Committee and act as Financial Director
First Rung Limited, a registered charity involved in training, development and apprenticeships for disadvantaged young people, is looking for a Trustee to chair its Finance Committee and act as a non-executive Financial Director.
First Rung vision:
To provide high quality training and education for some of the most disadvantaged young people in London and beyond, who face multiple barriers to achieve.
To offer vocational and functional skills training that enables learners to progress into meaningful work and high calibre apprenticeships.
To grow as an organisation, empowering more learners with a broader curriculum offer and greater levels of individualised wrap around support in order that they overcome the barriers to their learning and achieve a brighter and financially secure future.
To develop a staff team that is committed to social justice and the overarching principles of equality, diversity and inclusion.
The organisation is currently experiencing a period of learner and funding growth and has had a successful Ofsted inspection.
In addition to chairing the meetings of the committee which normally meets virtually about four times per year, responsibilities of this role are as follows:
Providing leadership, advice and guidance on financial matters to the Finance Manager and CEO who are both members of the Senior Management Team (SMT)
Monitoring the financial position of the business through analysis of the monthly management accounts and, where necessary, recommending actions to the Board of Trustees and/or SMT to maintain or improve the financial position.
Keeping fellow trustees informed about the financial position of the organisation both during and between Board Meetings (also held four times a year, normally face to face)
Being the main point of contact between the Board and the SMT concerning financial matters
Providing support to other trustees who do not have financial backgrounds
Ensuring compliance with financial reporting legal requirements and providing advice on Charity Commission guidance and recommendations
Communicating with the Auditors about any concerns or uncertainties regarding financial reporting or stability
Likely person requirements:
A professional qualification such as CA, ACCA or CIMA
Experience of a senior role that involves day to day financial management and forecasting.
A commitment to giving the benefit of personal time and experience to unpaid voluntary work.
There will also be an option for successful applicants to join as trustee for a short period, working alongside the current holder of this post, before taking over.
Since 1983 First Rung has been dedicated to providing innovative and high quality learning and employment opportunities to support young people achieve success and fulfil their potential.
We offer a range of programmes specifically tailored to your individual needs, ensuring your course is best matched to your goals.
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