Finance Role Remits - Revision history

RevampBot: Wiki revamp: restructure & modernise

2026-07-17T12:00:00Z

Wiki revamp: restructure & modernise

← Older revision		Revision as of 12:00, 17 July 2026
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	This document was adopted by the Board at their meeting of 27th August 2014, and amended in 2026 with adoption of new governance model, agreed by the Board at their meeting of 2nd April 2026.		This document was adopted by the Board at their meeting of 27th August 2014, and amended in 2026 with adoption of the new governance model, agreed by the Board at their meeting of 2nd April 2026.


	===TREASURER===		===TREASURER===

	1. The Treasurer will be appointed by the Board.		1. The Treasurer will be appointed by the Board.

	2. The Treasurer will remain in post until there is another person appointed to the role.		2. The Treasurer will remain in post until there is another person appointed to the role.

	3. Directors have a responsibility to appoint a Treasurer as soon as possible once there is an impending or actual vacancy.		3. Directors have a responsibility to appoint a Treasurer as soon as possible once there is an impending or actual vacancy.

	4. The Treasurer's role and remit are as described in the [[Finance Procedures]] document and subject to the [[Finance Policy]].		4. The Treasurer's role and remit are as described in the [[Finance Procedures]] document and subject to the [[Finance Policy]].

	5. This role is subject to the [[Named Role Holder Ending Term of Office Procedure]].		5. This role is subject to the [[Named Role Holder Ending Term of Office Procedure]].

	===FINANCE DIRECTOR===		===FINANCE DIRECTOR===
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	====Role====		====Role====

	To oversee all financial aspects of company strategy and responsible for the flow of financial information to the Board and, where necessary, external parties such as investors or financial institutions. The Finance Director will be appointed by the Board.		To oversee all financial aspects of company strategy and be responsible for the flow of financial information to the Board and, where necessary, external parties such as investors or financial institutions. The Finance Director will be appointed by the Board.

	====Primary Focus (additional section added May 2026)====		====Primary Focus (additional section added May 2026)====
	Financial Stewardship and Risk		Financial Stewardship and Risk
	• Key Responsibilities: Overseeing the preparation of annual accounts and the annual budget.		*Key Responsibilities: Overseeing the preparation of annual accounts and the annual budget.
	o Monitoring cash flow and reserves to ensure solvency.		**Monitoring cash flow and reserves to ensure solvency.
	o Reporting financial health to the Board quarterly.		**Reporting financial health to the Board quarterly.
	o Jointly approving unbudgeted expenditure with the Chairperson.		**Jointly approving unbudgeted expenditure with the Chairperson.
	• Success looks like: Financial stability and the Board having full confidence in the numbers.		*Success looks like: Financial stability and the Board having full confidence in the numbers.

	====Main Responsibilities====		====Main Responsibilities====

	*1. Overall control of Freegle ~~Ltd’s~~ accounting function.		*1. Overall control of Freegle Ltd's accounting function.
	*2. Financial planning and related ongoing advice for the Board.		*2. Financial planning and related ongoing advice for the Board.
	*3. Providing periodic reports to the Board on the financial plan, including forecasts and variances.		*3. Providing periodic reports to the Board on the financial plan, including forecasts and variances.
	*4. Formulating financial targets and budgets in accordance with the strategy determined by the Board.		*4. Formulating financial targets and budgets in accordance with the strategy determined by the Board.
	*5. Overall control of all financial transactions and accountancy matters, including audit systems.		*5. Overall control of all financial transactions and accountancy matters, including audit systems.
	*6. Corporate finance: managing Freegle Ltd policies regarding capital requirements, debt, taxation, equity and acquisitions, as appropriate.		*6. Corporate finance: managing Freegle Ltd's policies regarding capital requirements, debt, taxation, equity and acquisitions, as appropriate.
	*7. Preparing annual accounts		*7. Preparing annual accounts.
	*8. Ensuring that the regulatory requirements of all statutory bodies are met regarding all Freegle ~~Ltd’s~~ financial affairs		*8. Ensuring that the regulatory requirements of all statutory bodies are met regarding all Freegle Ltd's financial affairs.


	===Finance and Risk Working Group===		===Finance and Risk Working Group===
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	===Auditor===		===Auditor===

	~~The~~ [[Rules#Audit]] details the requirement for an Auditor.		[[Rules#Audit]] details the requirement for an Auditor.


	===Contact Details===		===Contact Details===

	Contact email address for the Treasurer: [mailto:Treasurer@ilovefreegle.org Treasurer@ilovefreegle.org](the ~~Financial~~ Director will also have access to this mailbox)		Contact email address for the Treasurer: [mailto:Treasurer@ilovefreegle.org Treasurer@ilovefreegle.org] (the Finance Director will also have access to this mailbox).

	~~Contact email address for the Finance Director: [mailto:Finance@ilovefreegle~~.~~org Finance@ilovefreegle.org] (the Chair of the Board will have access to this mailbox)~~

			Contact email address for the Finance Director: [mailto:Finance@ilovefreegle.org Finance@ilovefreegle.org] (the Chair of the Board will have access to this mailbox).

	Relevant links:		Relevant links:
	*See [[Finance Documents Review]] for the record of reviews and amendments of this document.		*See [[Finance Documents Review]] for the record of reviews and amendments of this document.
	*[[Finance Policy]]		*[[Finance Policy]]
	*[[Finance Procedures]]		*[[Finance Procedures]]
	* ~~appeal~~ for Finance Director for 2025 Board Election - https://discourse.ilovefreegle.org/t/freegle-election-2025-formal-notice/8895/2		*Appeal for Finance Director for the 2025 Board Election: https://discourse.ilovefreegle.org/t/freegle-election-2025-formal-notice/8895/2
	*[[Document Approval Policy]]		*[[Document Approval Policy]]
	*[[Glossary]]		*[[Glossary]]
	*[[Rules]]		*[[Rules]]
	*Previous Freegle UK document Financial Management and Controls		*Previous Freegle UK document: Financial Management and Controls
	*Link to Financial Conduct Authority website. The FCA is the body to which IPSs are accountable [http://www.fca.org.uk/firms/firm-types/mutual-societies/industrial]		*Link to the Financial Conduct Authority website. The FCA is the body to which IPSs are accountable: [http://www.fca.org.uk/firms/firm-types/mutual-societies/industrial]

	[[~~category~~:~~Policies, Procedures, Remits~~]][[~~category~~:Freegle Board]]		[[Category:Organisation & Governance]]
	[[~~category~~:~~Finance~~]]		[[Category:Finance]]
			[[Category:Freegle Board]]
			[[Category:Policies, Procedures, Remits]]

Jacky at 15:18, 5 June 2026

2026-06-05T15:18:42Z

← Older revision		Revision as of 15:18, 5 June 2026
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	This document was adopted by the Board at their meeting of 27th August 2014, and amended in 2026 with adoption of new governance model.		This document was adopted by the Board at their meeting of 27th August 2014, and amended in 2026 with adoption of new governance model, agreed by the Board at their meeting of 2nd April 2026.

Jacky at 15:17, 5 June 2026

2026-06-05T15:17:13Z

← Older revision		Revision as of 15:17, 5 June 2026
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	This document was adopted by the Board at their meeting of 27th August 2014.		This document was adopted by the Board at their meeting of 27th August 2014, and amended in 2026 with adoption of new governance model.


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	To oversee all financial aspects of company strategy and responsible for the flow of financial information to the Board and, where necessary, external parties such as investors or financial institutions. The Finance Director will be appointed by the Board.		To oversee all financial aspects of company strategy and responsible for the flow of financial information to the Board and, where necessary, external parties such as investors or financial institutions. The Finance Director will be appointed by the Board.

			====Primary Focus (additional section added May 2026)====
			Financial Stewardship and Risk
			• Key Responsibilities: Overseeing the preparation of annual accounts and the annual budget.
			o Monitoring cash flow and reserves to ensure solvency.
			o Reporting financial health to the Board quarterly.
			o Jointly approving unbudgeted expenditure with the Chairperson.
			• Success looks like: Financial stability and the Board having full confidence in the numbers.

	====Main Responsibilities====		====Main Responsibilities====

Jacky: /* Finance Sub Committee */

2026-06-01T12:03:13Z

Finance Sub Committee

← Older revision		Revision as of 12:03, 1 June 2026
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	*8. Ensuring that the regulatory requirements of all statutory bodies are met regarding all Freegle Ltd’s financial affairs		*8. Ensuring that the regulatory requirements of all statutory bodies are met regarding all Freegle Ltd’s financial affairs


	~~===Finance Sub Committee===~~
	~~Subcommittee with delegated authority from the Board - [[Finance Sub Committee Remit]].~~

	===Finance and Risk Working Group===		===Finance and Risk Working Group===

Jacky: /* Finance and Risk Working Group */

2026-04-29T07:59:50Z

Finance and Risk Working Group

← Older revision		Revision as of 07:59, 29 April 2026
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	===Finance and Risk Working Group===		===Finance and Risk Working Group===

	[[~~Finance_Role_Remits#Finance_and_Risk_Working_Group~~]]		[[Finance and Risk Working Group]]

	===Auditor===		===Auditor===

Jacky: /* Finance and Risk Working Group */

2026-04-29T07:58:57Z

Finance and Risk Working Group

← Older revision		Revision as of 07:58, 29 April 2026
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	===Finance and Risk Working Group===		===Finance and Risk Working Group===

			[[Finance_Role_Remits#Finance_and_Risk_Working_Group]]

	===Auditor===		===Auditor===

Jacky: /* Finance Sub Committee */

2026-04-29T07:57:51Z

Finance Sub Committee

← Older revision		Revision as of 07:57, 29 April 2026
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	Subcommittee with delegated authority from the Board - [[Finance Sub Committee Remit]].		Subcommittee with delegated authority from the Board - [[Finance Sub Committee Remit]].

			===Finance and Risk Working Group===

	===Auditor===		===Auditor===

Jacky: /* Contact Details */

2025-09-02T13:52:13Z

Contact Details

← Older revision		Revision as of 13:52, 2 September 2025
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	* appeal for Finance Director for 2025 Board Election - https://discourse.ilovefreegle.org/t/freegle-election-2025-formal-notice/8895/2		* appeal for Finance Director for 2025 Board Election - https://discourse.ilovefreegle.org/t/freegle-election-2025-formal-notice/8895/2
	*[[Document Approval Policy]]		*[[Document Approval Policy]]
	*[[Financial Information]]
	*[[Glossary]]		*[[Glossary]]
	*[[Rules]]		*[[Rules]]

Jacky: /* Contact Details */

2025-09-02T13:51:03Z

Contact Details

← Older revision		Revision as of 13:51, 2 September 2025
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	*See [[Finance Documents Review]] for the record of reviews and amendments of this document.		*See [[Finance Documents Review]] for the record of reviews and amendments of this document.
	*[[Finance Policy]]		*[[Finance Policy]]
	*[[Finance Procedures]]		*[[Finance Procedures]]
			* appeal for Finance Director for 2025 Board Election - https://discourse.ilovefreegle.org/t/freegle-election-2025-formal-notice/8895/2
	*[[Document Approval Policy]]		*[[Document Approval Policy]]
	*[[Financial Information]]		*[[Financial Information]]

Jacky: Protected "Finance Role Remits" ([Edit=Allow only administrators] (indefinite) [Move=Allow only administrators] (indefinite))

2024-11-14T12:32:07Z

Protected "Finance Role Remits" ([Edit=Allow only administrators] (indefinite) [Move=Allow only administrators] (indefinite))

← Older revision	Revision as of 12:32, 14 November 2024
(No difference)