Treasurer

Position: Treasurer
Reports to: Board of Trustees
Location: Wakefield
Hours: Approx 5 hours / month (see below)
Term: A successful probationary period will be followed by a three appointment to the Board

About Us:

Age UK Wakefield District as an organisation is dedicated to improving the lives of older people in our community. We provide a range of services, activities, and support to help older adults live with dignity, independence, and respect. Our mission is to ensure that every older person has access to the resources, care, and confidence they need to lead fulfilling lives.

Role Overview:

The Treasurer is a key position within our charity, responsible for overseeing the organisation’s financial health. As a trustee, the Treasurer will work closely with the Chief Executive, Finance Director and  Board of Trustees, ensuring that the charity’s financial management complies with relevant laws and regulations and aligns with the organisation’s goals.

Key Responsibilities:

• Represent the Board: Chair the Finance Committee on behalf of the Board of Trustees, Represent the Board of Trustees on the board of subsidiary trading companies, when necessary and appropriate.
• Support decision making: Develop a close understanding of the key assumptions involved in the business plans and the annual budget proposals made by the Chief Executive, Finance Director and Finance Committee.  Provide advice to the Chief Executive and to the Board of Trustees and Board of Directors generally on finance matters.
  
  
• Budgets & Forecasting: Work with the CEO and other staff to ensure appropriate allocation of resources. Regularly monitor financial performance against the budget and recommend any necessary adjustments. Monitor the charity's cash flow, ensuring that sufficient funds are available to meet obligations and expenses.
• Financial acumen: Advise the Board of Trustees and Board of Directors on major financial issues which arise, and which are outside the agreed boundaries of management authority, for example, a proposed major new fund-raising initiative or contract for service provision.
  
  
• Compliance & Risk Management: Ensure the charity meets all legal, regulatory, and financial requirements, including annual filings with the Charity Commission and other regulatory bodies. Identify and manage financial risks to the charity.
  
  
• Governance and oversight: Ensure, in close co-operation with the Chief Executive and Finance Team, that an appropriate financial policy framework is in place to guide the Groups financial decision-making.
  
  
• Annual report: Work with the Chief Executive, Finance Team and Finance Committee to develop the Annual Report,  and respond  to any auditor request to meet independently If considered necessary. Present the audited consolidated financial statements at the organisation’s annual general meeting.
  
  
• Strategic Advice: Provide advice to the Board of Trustees on the financial implications of strategic decisions, helping guide the charity’s long-term financial sustainability.                             

Person Specification:

• Experience: Previous experience in financial management or accounting, preferably in a charity or nonprofit setting. Experience with charity accounting standards and regulations is highly desirable.
• Skills: Strong financial literacy with the ability to interpret and analyse financial statements. Attention to detail and excellent organisational skills.
• Commitment: A passion for supporting  individuals to thrive and a commitment to the charity’s mission and values.
• Teamwork: Able to work collaboratively with other trustees, staff, and volunteers, and communicate financial information in an accessible way.
• Ethical Standards: High level of integrity, transparency, and a commitment to upholding the charity’s financial practices.

Desirable Qualities:

• Qualification in accounting, finance, or a related field.
• Experience of working with or volunteering for a charity supporting older people or within a community-based setting.
• Understanding of charitable fundraising, grant-making, or managing restricted funds.

Time Commitment:

• Time is likely to be spread unevenly throughout the year, with more time needed at specific times. Generally the Treasurer is expected to dedicate around five  hours per month for Board meetings, financial oversight, and any additional work required. Board meetings typically occur bi-monthly with three additional annual Board time-out development sessions.  Additional support may be needed during the charity’s annual audit and fundraising periods.

Benefits:

• Opportunity to make a significant impact in the lives of older people.
• Work with a passionate and supportive team of trustees and staff.
• Professional development opportunities.
• The chance to contribute to the growth and success of an impactful charity.

How to Apply: If you are a skilled financial professional with a passion for supporting older people, we would love to hear from you. Please send your CV and a brief cover letter to admin@ageukwd.org.uk

This Treasurer role offers a fulfilling opportunity to be part of a dynamic and growing charity, making a tangible difference in the lives of older people. Join us in supporting our mission!