Treasurer
4 weeks ago
London Plus is a unique organisation. We support and champion London’s charities and community groups to make London thriving, cohesive, and resilient.
Londoners are facing significant challenges, including the ongoing cost-of-living crisis, and statutory services are often unable to meet the needs of the most disadvantaged groups. This has put huge pressures on charities and community groups - London Plus helps to ensure that they are supported and recognised, and are able to meet the opportunities and challenges of the future. Ultimately, London Plus helps the voluntary and community sector in London do more, and do better.
Set up in its current form in 2019, London Plus has successfully established itself as a key part of London’s voluntary and community sector infrastructure.
London Plus is a trusted partner of organisations across all London’s 32 boroughs, as well as key London-level organisations including the Greater London Authority and London Councils. We make connections, run networks, collect and disseminate data, and improve communications between partners and stakeholders.
We are looking for a Treasurer to join our diverse and talented Trustee Board. Our Board meets four times a year, and the Treasurer also chairs a Finance Committee which meets twice a year.
It is an exciting time to join the Board as Treasurer: London Plus has a number of projects underway which will provide opportunities for a new Treasurer to support the charity to develop and implement new funding and finance arrangements. Projects include the London Communities Emergencies Partnership(LCEP), which coordinates the work of the whole voluntary and community sector when an emergency strikes. LCEP involves London Plus funding the British Red Cross and community groups across London, as well as reporting on the whole partnership to funders. London Plus also makes grants to a number of small charities, helping them work in local communities.
London Plus has an annual budget of around £700,000, and staff team of nine. The team includes an Operations Manager who is implementing new systems and processes (including financial systems and processes) to support our changing work. The Operations Manager manages our finances day-to-day, with support from an external book-keeper, and with advice from our auditors.
As a member of the Board, the Treasurer will have the opportunity to influence the overall strategy of London Plus, helping it be even more effective in supporting the work of charities and community groups across London. All trustees have duties which include:
- Actively contributing to the Board of Trustees in giving strategic direction to the staff team on strategy, policies and priorities. Setting and monitoring budgets to ensure that the organisation is using its resources effectively to meet its objectives and achieve its purpose. Ensuring that London Plus complies with its governing documents, charity law, company law and any other relevant legislation/regulation. Ensuring that London Plus meets the requirements of the Charity Commission, including regular reporting. Approval and monitoring of organisational policies.
As well as their role as a Trustee, the Treasurer’s role is to monitor the financial administration of the organisation, advise the staff team on relevant matters, and report to the Board of trustees on the charity’s financial health, giving the Board the information and confidence to make strategic decisions.
The main responsibilities and duties of the Treasure include:
- Overseeing the development of budgets, providing advice and guidance to the Chief Executive and other staff, working with fellow trustees including the Chair and members of the Finance Committee. Presenting budgets, management accounts and annual financial statements to the Board, in line with the agreed strategy for the charity. Leading in the Board’s duty to ensure that proper accounting records are kept, and that financial resources are properly controlled with good processes, in line with company law and charity regulation. Leading in the development and implementation of our financial reserves policy, working with the Chair, the Chief Executive, and other trustees. Liaising with and supporting the Chief Executive and Operations Manager on general financial activities of the charity, as needed and appropriate, including the annual audit. Support the Chair and Chief Executive in delivering the annual report and accounts. Chairing the Finance Committee and agreeing with the Chief Executive the agenda for meetings to provide appropriate oversight of the charity’s finances. Working with the Chair, the Chief Executive and other trustees to develop a fundraising strategy for the charity which supports its medium-long term strategy.
In common with all trustee positions in the charity, the role of Treasurer is voluntary and unpaid, though reasonable expenses will be met.
Person specification
A financial qualification, and thorough knowledge of relevant legislation, regulation and good practice, is essential. Familiarity with charity accounts is desirable but not essential.
London Plus is open to applications from people with no previous experience on charity boards. Enthusiasm for the work of London Plus and a willingness to play an active role as trustee are more important.
It is expected that the role will take up to a day per month, with a little more around the time of the annual report and accounts.
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