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- Tasks: Join our Board of Trustees as Hon. Treasurer and manage financial operations.
- Company: Lygon Almshouses is a historic charity providing sheltered flats for those in need.
- Benefits: Make a meaningful impact in your community while gaining valuable experience.
- Why this job: Contribute to a well-respected charity and help residents live independently.
- Qualifications: Must be a qualified accountant with a passion for community service.
- Other info: This is an unpaid role requiring 4-5 hours every fortnight.
HON. TREASURER FOR LYGON ALMSHOUSES, FULHAM, LONDON SW6 6TH
Lygon Almshouses, founded in 1833, is seeking a new trustee who is a qualified accountant for the unpaid role of Hon. Treasurer. The registered charity provides 40 modern sheltered flats for people of limited means, living in Fulham. It enables residents to live independently but with a resident Warden on call if help is needed. The development is set around communal gardens on Fulham Palace Road, Fulham.
The Almshouses are governed by the Board of Trustees and the Clerk to the Board handles the administration. The Warden and Clerk are paid employees.
We are looking for candidates from the area who want to “give back” to the community and have the time available to do so. They must be prepared to think independently and contribute to the success of the charity in providing well-run and comfortable accommodation.
Duties include:
- Attending 4/5 Trustee and chairing 4/5 Finance Committee meetings p.a., usually held at 12 noon on a Wednesday;
- Preparation of quarterly management accounts and annual budget using the Xero accounting package, plus reviewing the annual accounts prepared by our external accountants;
- Advising the Board on the financial impact of proposals and managing cashflow;
- Identifying and managing financial risks;
- Ensuring the trust’s accounts comply with the legal requirements for charities;
- Setting prudent investment objectives, monitoring performance of the trust’s investment funds and managing them appropriately;
- Preparation of investment reports from reports provided by external investment managers and presentation of these reports to the Board in an accessible way;
The role requires commitment and takes up 4 or 5 hours every fortnight, but more hours at quarter end and during audit/examination of the accounts.
Please apply with your CV to Rosie Falconer, Clerk to the Trustees.
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Treasurer on Board of Trustees employer: Lygon Almshouses Trust
Contact Detail:
Lygon Almshouses Trust Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasurer on Board of Trustees
✨Tip Number 1
Familiarize yourself with the specific financial responsibilities of a treasurer in a charity setting. Understanding the nuances of charity finance, including compliance and risk management, will help you stand out as a candidate who is ready to contribute effectively.
✨Tip Number 2
Network with current or former trustees of similar organizations. They can provide insights into the role and expectations, and may even offer recommendations or introductions that could strengthen your application.
✨Tip Number 3
Demonstrate your commitment to the community by engaging in local charitable activities or initiatives. This shows your dedication to giving back and aligns with the values of Lygon Almshouses.
✨Tip Number 4
Prepare to discuss your experience with financial software, particularly Xero, during any informal conversations or interviews. Highlighting your technical skills will reassure the board of your capability to handle their accounting needs.
We think you need these skills to ace Treasurer on Board of Trustees
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Hon. Treasurer position. Familiarize yourself with the duties listed in the job description, such as preparing quarterly management accounts and advising the Board on financial matters.
Tailor Your CV: Customize your CV to highlight your qualifications as a qualified accountant. Emphasize relevant experience, particularly in charity finance, budgeting, and risk management, to demonstrate your suitability for the role.
Express Your Commitment: In your application, clearly express your commitment to giving back to the community. Mention any previous volunteer work or community involvement that showcases your dedication to helping others.
Follow Application Instructions: Make sure to follow the application instructions carefully. Submit your CV directly to Rosie Falconer, Clerk to the Trustees, as specified in the job description. Double-check for any additional requirements before sending your application.
How to prepare for a job interview at Lygon Almshouses Trust
✨Show Your Commitment to the Community
Make sure to express your passion for giving back to the community during the interview. Share any previous volunteer experiences or community involvement that highlight your dedication to helping others.
✨Demonstrate Your Financial Expertise
As a qualified accountant, be prepared to discuss your experience with financial management, particularly in a charity context. Highlight your familiarity with accounting software like Xero and your ability to prepare and review financial reports.
✨Prepare for Questions on Risk Management
Expect questions about how you would identify and manage financial risks. Think of specific examples from your past experience where you successfully navigated financial challenges and ensured compliance with legal requirements.
✨Be Ready to Discuss Investment Strategies
Since the role involves setting investment objectives and monitoring performance, be prepared to talk about your approach to investment management. Discuss any relevant experience you have in preparing investment reports and presenting them to stakeholders.
