Finance Trustee

The Finance Trustee will participate in all areas of our governance but take a special interest in the financial  strategy and governance. They will use their sound financial skills and experience to support the Board’s understanding and interpretation and to ensure legislative compliance.  Knowledge of UK wide midwifery provision would also be an advantage but not essential.  

The Finance Trustee will support the Board to oversee the financial matters of the charity in line with good practice, the Articles of Association and legal requirements, The Finance Trustee will ensure that effective financial measures, controls and procedures are put in place and are appropriate for the charity.

The Finance Trustee should adhere to the role description of a trustee and in addition has the following key responsibilities:

• To support the Board to oversee and to ensure appropriate presentation of budgets, accounts, management accounts and financial statements.

• To ensure appropriate presentation of accounts and records, ensuring that financial resources are spent in accordance with the charity’s policies, good governance, legal and regulatory requirements.

• Liaising, where applicable, with the Chair or other appropriate members of staff and supporting on financial matters

• Supporting the Board to monitor the financial viability of the charity.

• Creating in conjunction with relevant trustees and staff sound financial processes and procedures for the control of the charity’s assets.

• Advising on the financial implications of the charity’s strategic plan.

• Reviewing the annual accounts are, where applicable, liaising with the charity’s external bookkeeper to ensure the accounts are compliant with the current charities’ SORP.

• Ensuring that sound financial management is maintained and ensuring expenditure is in line with the charity’s objects.

• Authorisation of charity expenditure and banking transactions set up on online bank accounts

• Liaison with the fund manager responsible for the charity’s investment portfolio - we are currently working towards an ethical investment portfolio and the Finance Trustee is leading on this

• Oversight of payroll, HMRC reporting and operation of auto-enrolment pension scheme for all members of staff

• The Finance Trustee will be need to attend the following meetings (all meetings with the exception of the October AGM/Board meeting are held online)

  2 Board meetings (March and October - which is the AGM/Board meeting)

  1 business meeting held in the summer 

  3 Finance sub committee meetings held approximately 10 days before the Board/Business meetings

  The Finance Trustee also sits on the newly established Fundraising Sub Committee (meeting schedule to be agreed).

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  Desirable skills (trustee)

• Make your own views known and make decisions in a group environment, in line with strategic objectives 

• Listen intently, carefully and objectively 

Finance Trustee additional criteria

• Financial Planning, Budgeting, and accounting qualification

• Expertise in Finance and relevant regulations

• Experience working with non-profit organizations or government entities is a plus, but not necessary

• Personal Integrity

• Excellent written and verbal communication skills

• Strong analytical and problem-solving skills

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• Convey ideas, information and opinions clearly and concisely 

• Work as a team with the chair, fellow board members and members of staff 

• Challenge the views of others appropriately

•  Commitment and ability to work and effectively as a member of a team.