About the organisation
Young Women’s Trust champions young women aged 18 to 30 on low or no pay. Our purpose is to create a more equal world of work and raise young women’s incomes.
We offer young women free coaching, feedback on job applications and information to help them get where they want to be. We bring together a network of thousands of young women to support each other, build their self-belief, and have their voices heard. And our research provides insight into what young women’s lives are really like, fuelling our campaigns for change.
About the role
This is a rare opportunity to join Young Women’s Trust as a volunteer trustee and treasurer. This role will have a substantial and meaningful impact on our organisation – our new treasurer will play an important role in the oversight and strategic execution of our finances and governance during an exciting period of organisational development.
As a member of the Board of Trustees and as its treasurer, you will help ensure we deliver on our vision, purpose and values, as well as act in compliance with our governing document and the law. You will monitor the financial administration of the charity and chair the board’s Finance and General Purposes Committee. YWT has a substantial endowment and the Treasurer will work with other trustees to use our resources to maximum impact, as well as ensuring the long-term sustainability of the charity. We are looking for an experienced trustee and finance professional. There is a 6 month transitionary phase into the role and during this time we will provide the successful candidate with a thorough induction and any support or training needed.
Financial duties
• Chair Finance & General Purposes Committee meetings.
• Oversee, approve and present budgets, accounts, financial statements and reports to the Board.
• Ensure the financial resources of the organisation meet its present and future needs and advise on the financial implications of the organisation’s strategic plans.
• Ensure that the charity has an appropriate reserves policy and investment policy.
• Ensure that appropriate accounting procedures and controls are in place.
• Ensure that there is no conflict between any investment held and the aims and objects of the charity.
• Monitor the organisation’s investment activity and ensure it is consistent with the organisation’s policies and legal responsibilities.
• Ensure that the accounts are prepared and disclosed in the form required by funders and the relevant statutory bodies, that accounts are audited and recommendations are implemented.
• Keep the board informed about its financial duties and responsibilities.
• Liaise with the executive team about financial matters.
Strategy
• Contribute actively to the Board of Trustees’ role in giving firm strategic direction to the organisation, setting overall policy, defining goals and setting targets and monitoring performance against agreed targets.
Risk
• Make sure that the charity is assessing risk, taking appropriate mitigating actions and advising the executive team on managing risk.
Governance
• Make sure that the charity complies with all legal and statutory requirements including, but not limited to, those relating to employment law, Charity Commission, Companies House, Safeguarding, data protection, HMRC and taxation and the fundraising regulator.
• Make sure that the charity has appropriate policies in place including those relating to health & safety, employment, safeguarding, confidentiality, data protection etc. and that there are procedures in place for regular review.
Remuneration and HR
• To advise the Board on the remuneration of staff as set out in the Scheme of Delegation and ensure that YWT’s approach to Human Resources is in line with best practice.
Property and facilities
• Keep YWT’s small property portfolio under review and make recommendations to the Board about the management/sale and rental of the properties.
Profile
• Act as an ambassador for the charity, supporting with profile raising and fundraising as appropriate.
• Attend events and represent the charity as agreed with the Chair or Chief Executive.
Terms and conditions of appointment
This is a voluntary, unpaid role.
Time commitment
In total the time commitment is approximately one day a month but will be unevenly distributed depending on evolving needs.
• The Board meets in person at least four times per year plus one Board away-day.
• The Finance & General Purposes Committee meets online on a quarterly basis.
• Regular meetings with the Chair and at least quarterly meetings with the Finance and Operations Director
• Attendance at occasional events and other meetings with stakeholders.
Location
Young Women’s Trust’s office is in Angel, London. In person meetings are usually held in Central London.
Expenses
All travel and subsistence expenses relating to Young Women’s Trust duties and responsibilities will be reimbursed in full, up to the limits set out in our Expenses Policy.
Length of appointment
The appointment is for a three year term, plus a second three year term if reappointed, after which Trustees are expected to step down.
Our ideal candidate
We ask the following of all Trustees:
• Be committed to and enthusiastic about YWT, its charitable purpose and values and be able and willing to devote the necessary time and effort.
• After receiving a full induction, have an understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship.
• Be able to act as an effective champion of young women, both ensuring they play a lead role internally in YWT’s governance and operations, and help raise their voice and power externally.
• Be committed to promoting equity and diversity and in particular, work towards ensuring YWT is adopting an actively anti-racist approach to all our work.
• Be willing to use their skills and experience for the benefit of YWT and be available to staff for advice and enquiries on an ad-hoc basis.
• Good communication and interpersonal skills and the ability to respect the confidences of colleagues.
• Have a proven track record of acting with integrity, objectivity, openness and honesty. • Be able to work effectively as part of a team.
• Be able to balance tact and diplomacy with a willingness to challenge and constructively criticise.
In addition, we ask the following of the Treasurer:
• Financial qualifications and experience.
• Understanding of charity finance.
• Prior experience of being a trustee in the voluntary sector and a strong understanding of good governance.
• Chairing expertise.
• Leadership skills.
• Analytical skills to assess proposals and examine their financial consequences.
• Good, independent judgement, and the ability to think creatively in the context of the organisation and external environment.
• Willingness to make recommendations to the Board in the best interests of the charity.
• Investment expertise and HR expertise are both desirable but not essential.
At Young Women’s Trust we value and respect all the differences that make us who we are, including: age, cultural background, disability and mental health, ethnicity and race, gender, gender identity and expression, sexual orientation, and social background. We particularly encourage applications from communities under-represented in our sector and organisation, particularly racially minoritised and working class people.
What’s in it for you
Our new treasurer will play an important role in the oversight and strategic execution of our finances and governance during an exciting period of organisational development. As a member of the Board of Trustees and as its treasurer, you will help ensure we deliver on our vision, purpose and values. This is an opportunity to make a real difference to the lives of young women on no or low pay, working alongside a friendly and expert Board of Trustees.
Apply for the role
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