Treasurer Position
Treasurer officer
Role: Treasurer- ON HOLD
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Reports to: Chair & Founder of SEDSConnective
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Location: Remote
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Role Overview
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The Treasurer of SEDSConnective plays a critical role in maintaining the financial integrity of the organisation. As a member of the Board of Trustees, the Treasurer oversees the financial management of the charity, ensuring that resources are
effectively allocated and financial activities align with both legal requirements and the organisation’s mission. The Treasurer works closely with the Chair, the Board, and any finance or operations teams to provide transparent reporting, support strategic planning, and guide the financial strategy to advance SEDSConnective's vision.
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Key Responsibilities:
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1. Financial Oversight
• Oversee all aspects of the charity’s financial operations, including budgeting, accounting, and financial reporting.
• Ensure that the charity adheres to all legal financial obligations and maintains accurate financial records.
• Monitor the charity’s cash flow, income, and expenditure to safeguard its financial stability and sustainability.
• Regularly review and update financial policies and procedures in line with best practices.
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2. Financial Reporting
• Present regular financial reports to the Board, providing analysis and insights to facilitate decision-making.
• Prepare and present the annual financial statements and coordinate with auditors for annual audits.
• Ensure financial reports meet the standards required by relevant regulatory bodies (e.g., Charity Commission, Auditors, HMRC).
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3. Budgeting and Financial Planning
• Lead the preparation of the charity’s annual budget and financial forecasts.
• Collaborate with other Board members to guide the strategic planning process and ensure alignment with financial resources.
• Identify and manage financial risks, recommending strategies to mitigate potential challenges.
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4. Governance and Compliance
• Ensure compliance with all relevant financial legislation and charity law, including VAT and tax requirements.
• Serve as the Board's lead on compliance matters related to finance, and maintain a strong understanding of regulatory changes affecting the charity sector.
• Work with the charity’s finance team (if applicable) to maintain effective internal controls and safeguarding measures.
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5. Supporting Fundraising and Development Efforts
• Work with the Board and fundraising teams to develop financially sound strategies to support growth and stability.
• Assess the financial implications of new projects, partnerships, and fundraising initiatives.
• Works collaboratively with volunteers and stakeholders.
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Person Specification
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Skills and Qualifications
• Experience: Proven experience in a senior finance role, ideally within the charity sector or in a similar nonprofit environment.
• Financial Expertise: Strong understanding of charity finance, accounting, and reporting requirements, including charity law and SORP guidelines.
• Analytical Skills: Ability to analyse complex financial information and communicate it effectively to non-finance Board members.
• Ethics and Integrity: A commitment to transparency, ethical practice, and upholding the values of SEDSConnective.
Personal Qualities
• Strategic Thinker: Capacity to think creatively and strategically to contribute to the charity’s long-term goals.
• Collaborative Leader: Excellent communication skills with the ability to work collaboratively with Board members, staff, and external stakeholders.
• Commitment: Dedicated to advancing the mission of SEDSConnective and supporting its growth and financial sustainability.
Time Commitment
• Attend quarterly Board meetings and other meetings as required (estimated 10-15 hours per month), during the day and evening meetings.
• Additional availability during financial reporting periods and annual audit.
Compensation
This is a volunteer role, though reasonable expenses may be covered.