We’re looking for a new trustee to Chair our Finance Committee and act as Financial Director
First Rung Limited, a registered charity involved in training, development and apprenticeships for disadvantaged young people, is looking for a Trustee to chair its Finance Committee and act as a non-executive Financial Director.
First Rung vision:
- To provide high quality training and education for some of the most disadvantaged young people in London and beyond, who face multiple barriers to achieve.
- To offer vocational and functional skills training that enables learners to progress into meaningful work and high calibre apprenticeships.
- To grow as an organisation, empowering more learners with a broader curriculum offer and greater levels of individualised wrap around support in order that they overcome the barriers to their learning and achieve a brighter and financially secure future.
- To develop a staff team that is committed to social justice and the overarching principles of equality, diversity and inclusion.
- The organisation is currently experiencing a period of learner and funding growth and has had a successful Ofsted inspection.
The Role:
In addition to chairing the meetings of the committee which normally meets virtually about four times per year, responsibilities of this role are as follows:
Providing leadership, advice and guidance on financial matters to the Finance Manager and CEO who are both members of the Senior Management Team (SMT)
- Monitoring the financial position of the business through analysis of the monthly management accounts and, where necessary, recommending actions to the Board of Trustees and/or SMT to maintain or improve the financial position
- Keeping fellow trustees informed about the financial position of the organisation both during and between Board Meetings (also held four times a year, normally face to face)
- Being the main point of contact between the Board and the SMT concerning financial matters
- Providing support to other trustees who do not have financial backgrounds
- Ensuring compliance with financial reporting legal requirements and providing advice on Charity Commission guidance and recommendations
- Communicating with the Auditors about any concerns or uncertainties regarding financial reporting or stability
Likely person requirements:
A professional qualification such as CA, ACCA or CIMA
Experience of a senior role that involves day to day financial management and forecasting.
A commitment to giving the benefit of personal time and experience to unpaid voluntary work.
There will also be an option for successful applicants to join as trustee for a short period, working alongside the current holder of this post, before taking over.