Treasurer

We are seeking an experienced Treasurer to join our Board of Trustees. This is a key governance role responsible for overseeing the charity’s financial health and ensuring strong financial management and reporting. The Treasurer will work closely with the Chair and fellow trustees to support the charity’s continued growth and sustainability.

Voluntary Unpaid Remote, within the UK

Travel and other reasonable expenses will be reimbursed in line with our policy.

6-8 hours a month

Minimum term of office: 3 years

Trustees are the people responsible under the governing document of The Nipple Innovation Project (NiP) for managing the affairs of the charity.

The role of a trustee is:

• To ensure that NiP complies at all times with its governing document, charity law, company law and any other relevant legislation or regulations
• To ensure that NiP pursues its objectives as defined in its governing document
• To maintain proper financial control and ensure that NiP applies its resources exclusively in pursuance of its objectives i.e. the charity must not spend money on activities that are not included in its objectives, no matter how worthwhile or charitable those activities are
• To set and maintain vision, mission and values
• To develop strategy, setting overall policy, defining goals and setting targets and evaluating performance against agreed targets
• To ensure accountability
• To support the operational management of the organisation
• To draw up and monitor the implementation of internal policies, which must include equality and diversity as well as health and safety policies, grievance and disciplinary procedures
• To ensure that risk assessments for all aspects of the charity are carried out
• To safeguard the good name and values of NiP
• To maintain effective board performance and ensure the effective and efficient administration of NiP including funding, insurance and premises

The Treasurer will:

• Oversee the charity’s financial management and controls
• Produce and/or oversee the preparation of annual accounts in line with Charity Commission requirements
• Lead on reserves policy and produce regular reserves calculations
• Present clear financial reports to the Board of Trustees
• Support the preparation of budgets and financial forecasts
• Ensure appropriate financial procedures and safeguards are in place
• Liaise with independent examiners or auditors as required
• Advise the Board on financial strategy and risk

Practical expectations

Trustees meetings take place 4-6 times per year. Meeting dates will be provided at least one month in advance and trustees are expected to attend. Virtual attendance is facilitated. Meetings are likely to last 2-3 hours, usually in the evening.

Supporting documents will be circulated with a target of at least two weeks before meeting dates. Trustees are expected to read these documents and think critically about them in preparation for the trustee meeting. Preparation time is likely to be 1-2 hours per meeting.

Each trustee is expected to have a specialism for an area e.g Finance, EDI.

Trustees will be expected to undertake or coordinate activities related to their area of specialism between meetings. This will be a variable time commitment with a minimum of 8 hours a month (in addition to meeting related time outlined above).