Fancy being our new Treasurer?

VACANCY:  TREASURER (Non-Executive)

If you care about small charities that have a HUGE impact – then you might be interested in becoming the new financial lead for our Board of Trustees!

The Lorna Young Foundation is now looking to take the work of our charity to a new level; ‘open-sourcing’ all of our materials and experience from our African-based ‘Farmer Radio’ programme, so that all small farmers overseas and their supporting organisations can benefit from it – for free.

The Lorna Young Foundation is a charity that works to connect communities, enabling them to trade knowledge, products and ideas that will make their lives better. We do this by devising and running programmes that bring together the many disconnected societies that make up our World- both in the UK and internationally. We have a rich history, taking our name from fair trade pioneer Lorna Young who broke down doors to get Cafédirect into supermarkets.

Our work is based on a deep understanding of international trade justice issues. We have a long track record of solving supply chain challenges, and access to networks that can deliver expertise and support. Farmer Radio – one of our flagship programmes – uses radio and text messaging to reach millions of small-farmers in Africa (and, later Latin America and Asia) with the information they need in order to manage and market their crops effectively.

Our aim is to bring about change: change in the attitudes and systems that prevent communities across the globe from working together to improve their lives.

An exciting opportunity for a person with enthusiasm, vision and impressive relationshipbuilding skills, to support the overall work of the LYF as we scale-up our ground-breaking ‘open source’ Community Farmer Radio initiative to potential funders, supporters and delivery partners across the private and not-for-profit sectors.

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Role Title:        Lorna Young Foundation – Treasurer

Direct Report:    Work closely with the Chair, Director and the Board of Trustees.

Background:         Finance, Strategy and Governance, Fundraising, Legal, Risk.

Role Summary

  • Monitor the financial standing of the charity and report to the Board and Director regarding cash-flow forecasting, income streams, outgoing expenses and the overarching strategic management of the LYF’s financial resources.
  • Oversee the LYF’s financial risk-management process and report financial health to the board of trustees at regular intervals.
  • Act as a counter signatory on cheques and applications to funders as required and ensure that annual accounts are submitted to all relevant regulators in a timely fashion.
  • Liaise with external auditors on financial issues and ensure that the LYF’s finances are responsibly managed.

Main Responsibilities

In relation to Finance

Budgeting and strategic financial planning

  • Ensure all strategic plans are financially appraised and budgets are aligned to both short-term and long-term objectives each year.
  • Oversee planning/budgeting processes in participation with the Board and constructively challenge them where required.
  • Suggest alternative scenarios while evaluating strategic plans as a part of the risk management process and as a part of performance and reporting scenarios.
  • Ensure transparency and accountability to improve resource allocation.

Management Reporting

  • Ensure a high standard of management accounting is maintained in order to safeguard assets.
  • Liaise with the Director, Finance Administrator and Trustees to prepare and produce management accounts regularly.

Statutory Financial Reporting

  • Board level liaison with external auditors on specific issues in the auditing process and related board representations.
  • Guide and advise fellow Trustees to formally approve the annual report and audited accounts.
  • Liaise with Finance Administrator to ensure that statutory annual returns are provided to the relevant authorities well in advance of deadlines.
  • Explain technicalities of accounts in plain language which is fully understood by the Trustees.

Reserves Policy

  • Develop reserves policy and safeguard the LYF’s finances.
  • Keep the board informed of free reserves position regularly and advise to cope with changing circumstances.

In relation to Governance

  • Lead the Board’s duty to ensure proper accounting records are kept, financial resources are controlled, invested and economically spent in line with governance, legal and regulatory requirements.
  • Advise on the financial implications of the LYF’s strategic plans and oversee the LYF’s financial risk-management process and any due diligence required by funding organisations and downstream partners
  • Lead on the development and implementation of financial reserves, cost management and investment policies.

 

PERSON SPECIFICATION

Essential

  • Qualified accountant with demonstrated commercial awareness and knowledge.
  • Knowledge of charity SORP and impending changes.
  • Competent use of IT skills.
  • Proven ability to communicate and explain financial information to members of the Board and other stakeholders.
  • Analytical and evaluation skills, demonstrating good judgement.
  • Understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship.
  • Reputation of delivering financial data to deadlines
  • Commitment to delivering services at best value cost; being mindful of environmental and other ethical impacts
  • Good communication and leadership skills

Desirable

  • Demonstrated knowledge and experience of charity fundraising and finance practices.
  • Dedicated to the LYF’s cause and objectives and willing to act as our ambassador to external bodies, charities and companies.
  • Ability to direct the LYF towards any funding/ partner potentials in the not for profit and private sectors.
  • Skills and experience in one or more areas of non-executive governance and management e.g. strategic planning, business management, financial/accountancy, understanding of HR issues, experience of Trusts or other grant giving bodies particularly fundraising and legal knowledge.
  • A team-oriented approach to problem solving and to management.

Time Commitment

  • The Board meets at least 3 times a year face to face, and at least twice a year via Skype/video conference;    
  • Regular contact, at least monthly, with the Finance Administrator and Chair, either face to face or via Skype/telephone to review cash flow, financial position and to forward plan.

Location

  • The LYF does not have a fixed head office and staff are home-based. Our trustees live around the UK, so face to face Board meetings are often held in a central location, accessible to all. To minimise costs, we make use of technology such as Google Docs, Skype, conference calls etc. to aid Board and Team communication.

Remuneration

  • None of the Trustees of the LYF are paid for their roles. Reasonable travel expenses however, can be claimed. All of our board, past and present, agree that the small amount of time from their life and their careers that they have given to the LYF has been incredibly rewarding on a personal and professional basis.

APPLICATION: Please send a covering letter outlining why you are interested in the position and why you feel you qualify.   Please also send an up to date CV. Both to be emailed to: projectmanager@lyf.org.uk

MORE INFO: On the work of the LYF can be found here, at our website. Or email Ian Agnew at projectmanager@lyf.org.uk (or text 07950 338889) to arrange a chance to have an informal chat.