1. About Us
The Gurkha Welfare Trust (GWT) is a UK registered charity that targets hardship and distress amongst Gurkha pensioners and their dependants. The Trust’s operational arm, the Gurkha Welfare Trust (Nepal) (GWT(N)) operates from 21 centres located across Nepal plus one in Darjeeling in India. Through these centres, the GWT provides a range of welfare and medical programmes to a beneficiary population of about 20,000 ex-Gurkha servicemen, their widows and dependants.
Further detail on the GWT can be found here.
A copy of the Trust’s latest Annual Report and Accounts can be found here.
2. Position Overview
The role of Treasurer is one of 14 Trustees governing GWT on the main Board. The role is not confined solely to financial matters. Indeed, strong financial governance is part of many aspects of the Trust’s work and underpins the quality and range of its services as well as its strength as a charity. The Treasurer is, therefore, expected to play a part in important decision making for the Trust as a whole.
The Treasurer also chairs the Finance and Audit Committees, which meet three times a year on the same day. The Trustees also meet three times a year including one strategy meeting. Meetings are usually held in London but occasionally in Salisbury or Winchester. The Treasurer should expect to make one trip a year to Nepal as an integral part of the role. All travelling and in-country expenses in Nepal will be covered by the Trust, but the role is without other remuneration.
This role has no involvement with GWT’s investments or investments strategy and decisions.
3. Key Responsibilities
a. As a Trustee: To work effectively as a member of the Board and to take decisions for the good of the Gurkha Welfare Trust, by virtue of:
• An empathy with the values and ethos of the Gurkha Welfare Trust with a corresponding commitment to its mission.
• An understanding and acceptance of the legal duties, responsibilities and liabilities of trusteeship
b. As Treasurer: Through leadership of the Audit and Finance Committees, the Treasurer has oversight responsibility on behalf of the Board for:
• The effectiveness of the Trust’s system of risk management, internal control and related assurance;
• The presentation of the Financial Statements including their compliance with relevant statutory and accounting requirements and the appropriateness of its accounting policies and practices;
• The Trust’s internal audit function;
• The relationship with the external auditors including their appointment, the monitoring of their performance, the provision of non-audit services and review of their audit plan and findings;
• The Trust’s annual budget and its presentation to Trustees;
• The regular monitoring of the Trust’s financial performance against the budget during the year and its financial soundness;
• To act as an interface between the Finance and Investments committees in assessing cash flow requirements to achieve outputs;
• To advise the executive on aspects of remuneration and benefits for staff; and
• The provision of ad hoc advice on financial matters to the Head of Finance and the Board as required from time to time.
4. About You.
It is expected that the successful candidate will be a qualified accountant with experience of working at Board or equivalent level. They should be able to demonstrate:
• Experience in financial management and strategy;
• Commercial awareness and analytical skills;
• A sound understanding of the role Governance plays in an organisation;
• An ability to assess and comment on an organisation’s control environment including risk management, internal controls and related assurance;
• A good understanding of financial reporting covering Statutory Financial Statements and the selection of appropriate accounting policies and practices;
• An understanding of the external and internal audit functions;
• Independent judgement and an ability to challenge in a constructive manner;
• An ability to communicate and explain financial information to members of a Board and other stakeholders;
• Cultural awareness and sensitivity when working with local colleagues.
The Treasurer is normally appointed for an initial period of three years and, subject to mutual agreement, could be extended for 2 further terms up to a maximum of 9 years.