Treasurer at South Mitcham Community Association
Remuneration: The role of Treasurer/Trustee is not accompanied by any financial remuneration, although expenses for travel may be claimed.
Location: Meetings will be held in the South Mitcham Community Association Centre
Time commitment: 12 Board meetings per year (Currently monthly, but to be reviewed)+1 x AGM.
Skills/Knowledge: We are currently looking for individuals with accounting and financial skills, and familiar with fundraising
SMCA exists to promote voluntary and community action as a means of improving the quality of life for people in London Borough of Merton (LBM) by:
• Helping to improve the quality of life for local families and individuals across LBM
• To offer a range of activities for leisure and learning to support our local community
• To provide a healthy living centre in the heart of Phipps Bridge Estate
• To offer opportunities for leisure and learning, serving all families and individuals borough wide, especially those in areas of social and economic deprivation and those from disadvantaged groups.
The overall role of a Treasurer is to maintain an overview of the organisation’s affairs, ensure its financial viability and ensure that proper financial records and procedures are maintained. In charities without paid staff, the Treasurer may take a greater role in the day-to-day finances of the organisation.
· To oversee and approve and present budgets, accounts,and financial statements.
· To ensure that SMCA’s financial resources meeti ts present and future needs.
· To ensure that SMCA has an appropriate reserves policy.
· To prepare and present financial reports to the Board.
· To ensure that appropriate accounting procedures and controls are in place.
· To liaise with staff and volunteers about financial matters.
· In liaison with the Centre Manager, to ensure regular banking of cash payments.
· To advise on the financial implications of SMCA’s strategic plans.
· To ensure SMCA’s compliance with relevant finance-related legislation.
· To ensure that the accounts are prepared and disclosed in the form required by the Charity Commission.
· To ensure that the accounts are scrutinized in the manner required and any recommendations are implemented.
· Advising on the financial implications of the organisation’s strategic plans
· To keep the Board informed about its financial duties and responsibilities.
· To contribute to SMCA’s fundraising strategy.
· To make a formal presentation of the accounts at SMCA’s Annual General meeting and draw attention to important points in a coherent and easily understandable way.
· Sitting on appraisal, recruitment and disciplinary panels as required
The statutory duties of a Treasurer/Trustee are:
· To ensure the organisation complies with its governing document – constitution and articles of association.
· To ensure that the organisation pursues its objectives as defined in its governing document.
· To ensure the organisation applies its resources exclusively in pursuance of its objectives - the charity must not spend money on activities which are not included in its own objectives, no matter how' charitable' and 'worthwhile' those activities are.
· To contribute actively to the Board of Trustees' role in giving firm strategic direction to the organisation, setting overall policy, defining goals, and setting targets and evaluating performance against agreed targets.
· To safeguard the good name and values of the organisation
· To ensure the effective and efficient administration of the organisation.
· To ensure the financial stability of the organisation.
· To protect and manage the property of the organisation and to ensure the proper investment of the organisation's funds.
In addition, with other Trustees to hold the Charity/Company limited by guarantee “in trust” for current and future beneficiaries by:
• Ensuring that the organisation has a clear vision, mission and strategic direction and is focused on achieving these.
• Being responsible for the performance of the organisation and for its “corporate” behaviour; ensuring that the organisation complies with all legal and regulatory requirements.
• Acting as guardian of the organisation’s assets, both tangible and intangible, taking all due care over their security, deployment, and proper application.
• Ensuring that the organisation’s governance is of the highest possible standard.
The board of Trustee might be prepared to consider someone who is in the process of acquiring the desired financial qualifications and following qualities.
·Financial qualifications and experience
· Some experience of charity finance, fundraising and pension schemes
· The skills to analyse proposals and examine their financial consequences
· Being prepared to make unpopular recommendations to the board
· A willingness to be available to staff for advice and enquiries on an ad hoc basis
Please send your cv and covering letter to the Centre Manager firstname.lastname@example.org.