Work with us: Trustee Treasurer


Do you believe that every musical child deserves the chance to reach their full potential?

Musical talent is everywhere but opportunity isn’t: family finances and other obstacles too often get in the way. Awards for Young Musicians is here to change this.

We’re looking to recruit a Trustee Treasurer to ensure our rapidly growing charity’s finances are excellently managed.

We work across the UK and our team all work from home, so your location isn’t important, though we are particularly keen to recruit someone from Scotland, Wales or Northern Ireland.

Your commitment starts with Trustee meetings held four times per year (two online and two in London), an annual Strategy Day, and monthly online Audit and Risk committee meetings that you will chair. All meetings are held during the working day. Trustees are also encouraged to attend our fundraisers and other events throughout the country.

You will be a qualified accountant or equivalent, with a passion for music. Previous Trustee experience is not necessary and we welcome applications from all ages and backgrounds.

Please note this is a voluntary role. We offer induction, training and reasonable out-of-pocket expenses.


Role Description


Role Title: Trustee Treasurer

Direct Report: Works closely with the Chair, Chief Executive and the Board of Trustees.

Background: Finance, Strategy and Governance, Fundraising, Legal, Risk.


Role Summary


  • Monitor the financial standing of the charity and report to the Board and CEO regarding cash-flow forecasting, income streams, outgoing expenses and the overarching strategic management of the organisation’s financial resources.
  • Oversee the charity’s financial risk-management process and report financial health to the Board of Trustees at regular intervals.
  • Act as a second authorisation on online payments 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 AYM’s finances are responsibly managed/invested for the betterment of the organisation’s work and for our beneficiaries.

Main Responsibilities of the Treasurer


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 greater transparency and accountability to improve resource allocation and the charity’s image by adding specific measures as per SORP guidelines.

Management Reporting

  • Ensure a high standard of management accounting is maintained in order to safeguard assets.
  • Liaise with the Finance Officer, CEO 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.

Reserves Policy

  • Develop reserves policy and safeguard the organisation’s finances.
  • Keep the Board informed of free reserves position regularly and advise 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 Audit and Risk committee in line with the committee’s terms of reference and report findings/developments back to the Board of Trustees.
  • Advise on the financial implications of the charity’s strategic plans and oversee the charity’s financial risk-management process.
  • Lead in the development and implementation of financial reserves, cost management and investment policies.

Person Specification


Essential

  • Qualified accountant with demonstrated commercial awareness and knowledge.
  • Knowledge of charity SORP and impending changes.
  • 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.

Desirable

  • 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 and donors.
  • Skills and experience in one or more areas of non-executive governance and management e.g. strategic planning, business management, financial/accountancy, understanding of HR issues, experience of Trusts or other grant giving bodies, particularly fundraising and legal knowledge.
  • A team-oriented approach to problem solving and to management.

Time Commitment

  • The Board meets at least 5 times a year.
  • You will chair the Audit & Risk Committee which meets monthly online
  • Attendance at AYM events

Location

  • Board meetings are held twice a year online and twice in London. The Strategy Day will normally take place in or around London.

Applying for this role


Please send your CV to Hester Cockcroft, Chief Executive: [email protected]

The deadline for applications is Thursday 1 September 2022. Interviews will be arranged on an individual basis to suit applicants’ availability.


Equality, Diversity and Inclusion


We would also very much appreciate it if you could please also complete our EDI form. Your responses will be entirely anonymous and will help us to continue to track our progress in ensuring that the AYM team is as representative as possible of UK society. Thank you.

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