Trustee with financial experience

Role description The overall role of a trustee with financial experience is to maintain an overview of the organisation’s affairs, including its financial affairs, ensure its financial viability and ensure that proper financial records, controls and procedures are maintained. In addition to the general responsibilities of a trustee, duties include:

•  Financial oversight of the charity - being assured that the financial resources of the organisation meet its present and future needs.
• Overseeing and reviewing the preparation of the charity's annual budget. Then presenting the budget to the Board for approval.
• Reviewing the quarterly management accounts and annual financial statements and presenting to the Board for approval in collaboration with the CEO and Finance and Operations Manager.
• Ensuring that the charity has an appropriate reserves policy.
• Ensuring that appropriate accounting procedures and controls are in place.
• Liaising with any paid staff and external accountants about financial matters.
• Advising on the financial implications of the organisation’s strategic plans.
• Ensuring that the annual financial statements are prepared and disclosed in the form required by funders and the relevant statutory bodies, for example the Charity Commission.
• Ensuring external scrutiny of the financial statements in the manner required and any recommendations are implemented.
• Keeping the board informed about its financial duties and responsibilities.
• Contributing to the fundraising strategy of the organisation.
• Sitting on appraisal, recruitment and disciplinary panels as required.
•  Lead oversight of the risk register to ensure that the risk mitigating actions are appropriate and being undertaken
• To act as the lead person for staff to raise in confidence any concerns about fraud.