The Treasurer will oversee the financial matters of NWN in line with good practice and in accordance with the governing document and legal requirements, and report to the Board of Trustees at regular intervals about the financial health of the organisation. The Treasurer will ensure that effective financial measures, controls and procedures are put in place, and are appropriate for NWN.
Duties and Responsibilities
In addition to the duties and responsibilities of all Trustees, the Treasurer will:
- Maintain an overview of NWN affairs; review financial performance, ensure financial viability and that proper controls, financial records and procedures are maintained
- Keep the Board informed about its financial duties and responsibilities
- Chair the Finance and Risk Sub Committee meetings
- Support the Finance Manager in preparing and presenting budgets, accounts and financial statements
- Ensure that NWN accounts are prepared in a suitable format and its accounts and financial systems are audited as required by law
- Appoint, liaise with and review the auditors/independent examiners
- Advise on the financial implications of the strategic and business plans
- Ensure that an appropriate reserves policy is in place
- Ensure NWN has an appropriate investment policy and monitor investment activity to ensure consistency with its policies and legal responsibilities
- Formally present the accounts at the Annual General Meeting
- contribute to the development of the fundraising strategy and monitor performance
In addition to the qualities required of all Trustees, the Treasurer should also:
- Be a qualified accountant
- Have experience at either Director of Finance level in a similar sized organisation or Partner level in a mid to large accountancy practice or equivalent
- Demonstrate experience in the analysis of budgets, proposals and their financial consequences
Term and Time Commitment
Board members are appointed for an initial three year term with the opportunity to extend for a further two terms, a maximum of 9 years. There must be no less than 4 Board members and no more than 12.
The Board meets 6 times a year in London and there are two Sub Committees. The time commitment for the Chair would be equivalent to 2 days per month and for the Treasurer and Trustees would be equivalent to 1-2 days per month.
These roles are unremunerated. Travel expenses as well as other out of pocket expenses directly incurred as part of official Trustee business will be reimbursed.
Board Dates 2017