Trustee – Treasurer

Being a Trustee

IRMO’s Board of Trustees is made up of six to nine Trustees, who work together to ensure the charity is run properly. As a trustee, you will have the opportunity to support IRMO’s strategic development and oversee its finances. Trustees meet every two months (usually online in the evening) and are asked to commit an additional eight to ten hours between meetings to follow up on actions and provide advice and input on strategic documents and areas of work relevant to their areas of expertise.

Specific responsibilities

● Ensure that the Board receives appropriate budgetary and financial information on the activities of the charity, and highlight any variances

● Help the Board to understand the charity’s financial position and whether its resources meet present and future needs

● Ensure that the Board is aware of, and advise the Board on how to carry out, its financial duties and responsibilities

● Oversee the preparation and scrutiny of IRMO’s annual accounts

● Ensure that robust financial policies, procedures and controls are in place and reviewed on a regular basis

● Set an appropriate reserves policy

● Review banking arrangements with the Director every three years

● Review and approve, as appropriate, transactions above the threshold set out in the Financial Controls Policy that require triple-approval

● Sign funding contracts and financial reports when required

● For the purposes of good financial governance, carry out bi-annual spotchecks on IRMO’s transactions and monthly reconciliation