Purpose of the role
• To ensure the financial affairs of Fownhope Community Land Trust are conducted within legal requirements, accounting conventions and good practice
• In partnership with the Chairman, ensure the financial viability and development of FCLT .
Responsibilities:
• Oversee the financial affairs of FCLT and ensure they are legal, constitutional and within accepted accounting practice
• Ensure proper records are kept and that effective financial procedures are in place
• Monitor and report on the financial health of FCLT.
• Undertake the production of necessary financial reports/returns, accounts and audits including annual accounts for submission to the Financial Conduct Authority
• Attend and participate in Board meetings and support the activities of the Chairman and other Directors
Specifically
• Make fellow Board members aware of their financial obligations and take a lead in interpreting financial data to them
• Act as the point of communication with the Trust's bankers
• Regularly report the financial position of FCLT to Board meetings
• Ensure proper records are kept and that effective financial procedures and controls are in place, ie:
o Cheque signatories
o Purchasing limits
o Purchasing systems
o Petty cash/ float
o Others as appropriate
• Appraise the financial viability of plans, proposals and feasibility studies.
• Lead on appointing and liaising with auditors or independent examiner
• Undertake bookkeeping duties ensuring posting and bookkeeping is kept up-to-date
• Maintain the petty cash system and regularly process petty cash claims.
• Regularly carry out reconciliations
• Arrange payments to creditors as appropriate and arrange appropriate signatures on payments
• Make the necessary arrangements to collect payments from debtors and bank payments promptly