Published on June 2, 2017

Board vacancy: We’re recruiting for a new Treasurer

By Tim Hughes

Tim is director of Involve. He took over leadership of the organisation in January 2017, having previously led Involve’s open government programme and the UK Open Government Network (OGN).

Involve is seeking to appoint a new Treasurer to join our board of trustees. Download the role specification or read it below.

01. Who we are

Involve works to make politics, government and society more open, participatory and deliberative.  We want to build a democracy that works for everyone – that gives people real power to effect change in their lives, communities and beyond, and helps solve 21st century challenges.  

Involve was founded in 2003 to “create a new focus for thinking and action on the links between new forms of public participation and existing democratic institutions”.  We work across the UK in pursuit of our vision of “a democracy that works for everyone”, and have offices in London and Edinburgh. We are a registered charity and a company limited by guarantee.

More information about our work can be found on our website: involve.org.uk

We are seeking to appoint a new treasurer to join our board of trustees.

02. The role

Trustees play a vital role for Involve – shaping our organisation, providing strategic steer, challenge and support to our work.  Decisions made by the Board set the direction of our charitable activities and have a major influence on our success as an organisation. Trustees have responsibilities both as trustees of the charity and as directors of the limited company.

Involve has limited reserves and operates in an uncertain financial environment. We therefore rely on tight financial management, and the role of treasurer is particularly pivotal to ensuring the health and success of the organisation. As treasurer you would play an integral role in:

  • Maintaining an overview of the organisation’s work, processes and strategy;
  • Ensuring its financial viability and stability; and
  • Ensuring that proper financial records and procedures are maintained.

2.1. Specific duties of the treasurer

The treasurer has specific duties to:

  • Oversee, approve and present budgets, accounts and financial statements;
  • Ensure that the financial resources of the organisation meet its present and future needs  including advising on the reserves policy and the financial implications of the organisation’s strategic plans;
  • Ensure that appropriate accounting procedures and controls are in place;
  • Ensure, where relevant, that the charity has an appropriate investment policy and ensure it is appropriately implemented;
  • Ensure the organisation’s compliance with legislation;
  • Ensure that the accounts are scrutinised in the manner required (independent examination or audit) and any recommendations are implemented;
  • Keep the board informed about its financial duties and responsibilities; and
  • Contribute to the fundraising strategy of the organisation.

2.2. General responsibilities of all trustees

All trustees have a responsibility to:

  • Ensure that the organisation complies with its governing document, charity law, company law and any other relevant legislation or regulations;
  • Contribute actively to the board of trustees’ role in giving strategic direction to the organisation, setting overall policy, defining goals and setting targets and evaluating performance against agreed targets;
  • Safeguard the good name and values of the organisation;
  • Ensure the effective and efficient administration of the organisation;
  • Ensure the financial stability of the organisation; and
  • Appoint the Director and monitor his/her performance.

03. Person specification

The following qualities are essential:

  • Commitment to the organisation;
  • Willingness to devote the necessary time and effort;
  • Good, independent judgement;
  • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship;
  • Financial qualifications and experience;
  • Willing to apply Nolan’s seven principles of public life: selflessness, integrity, objectivity, accountability, openness, honesty and leadership;
  • Experience of charity finance, fundraising and pension schemes;
  • Insight into the development of a small consultancy service enterprise;
  • The skills to analyse proposals and examine their financial consequences;
  • Preparedness to make unpopular recommendations to the board; and
  • Willingness to be available to staff for advice and enquiries on an ad hoc basis.

04. What the role entails

As treasurer, you would be required to commit to:

  • Reviewing budgets, accounts and financial statements on a monthly basis;
  • Chairing of our Audit and Finances Subcommittee, face-to-face or via teleconference, on a six weekly basis;
  • Attending full board meetings face-to-face in central London on a quarterly basis;
  • Ad hoc support to the staff team and liaison with Involve’s accountants and auditors as required.

This is an unpaid position, although travel expenses are covered.

05. How to apply

To apply, please send a short statement of interest and CV to jobs@involve.org.uk by mid-day Wednesday 28th June.  Please mark your email as “Treasurer application”.

Shortlisted candidates will be invited to an interview with the Chair of the Board and Involve’s Director.

For further information, or for an informal discussion about the role, please contact Tim Hughes, Director: tim@involve.org.uk

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