Chair of the Finance, Audit & Risk Committee
E21C seeks a Chair of its Finance Audit and Risk Committee. They will act as a critical friend to the management team, particularly the CFO.
Their responsibilities will be as follows:
- Scrutinise and ensure that the Trust’s finances are appropriately accounted for through budget setting, monitoring, preparation and publication of accounts and overseeing any investment decisions
- Advise the Board of Trustees on internal and external audit, internal controls and risk management
- Oversee, encourage and monitor the effectiveness of the financial and other internal controls of The Trust, on behalf of the Board
- Keep under review the internal controls and risk management systems
- Review the audited annual report and financial statements Give assurance to the Board that the financial operations are being managed and operated
- Ensure the Trust’s compliance with legal duties and responsibilities, including adherence to the Trust’s Memorandum and Articles
Trustee (Legal)
The key duties of Trustee board members are to:
- Ensure that the Trust complies with its governing document, charity law, company law and any other relevant legislation or regulations, pursues its objects as defined in its governing document and applies its resources exclusively in pursuance of its objects
- Contribute actively to the Board of Trustees by giving firm strategic direction to the Trust, setting overall policy, defining goals, setting targets, and evaluating performance against agreed targets, working as an effective team, using the appropriate balance of skills, experience, backgrounds and knowledge to make informed decisions
- Make sure that decision-making processes are informed, rigorous and timely, and that effective delegation, control and risk-assessment, and management systems are set up and monitored
- Exercise a clear, agreed and effective approach to supporting equality, diversity and inclusion throughout the Trust and through their own practice
- Safeguard the good name and values of the Trust and the family of schools under it
- Ensure the financial stability of the Trust
- Support the Trust through exercising their skill and knowledge as a member of one or more of the Trust's standing committees or project steering committees
The successful candidate will be supported by the Finance, Audit and Risk Committee, the Quality of Education Committee, the Pay and Performance Committee, and Local Governing Bodies. Click here for the Trust's Scheme of Delegation. This Scheme of Delegation has been developed to clarify the responsibilities and powers of Trustees and those delegated to the Trust level sub-committees, the Executive Leadership Team and Local Governing Bodies in respect of key aspects of the leadership and management of the Trust and its Academies and to ensure compliance with legal requirements and with the Trust’s Articles of Association.
Members
The Members of an Academy Trust are the guardians of the governance of the Trust. They have both a limited yet distinct role. Members have responsibility for ensuring that the purpose of the Trust is met, determining the Trust’s constitution and governance structure, and appointing and removing Trustees. Members have an overarching oversight role, with their other responsibilities being to appoint the external auditors and to receive the annual accounts and financial statements from the Trustees.
Members play a limited but crucial role in safeguarding academy trust governance. They sit above the Trustees and follow a hands-off approach with their main responsibility being oversight of the Trustees. They should not stray into undertaking the Trustees' role but should assure themselves that the governance of the Trust is effective, that Trustees are acting in accordance with the Trust’s charitable object(s) and that they, the Members, use their powers to step in if governance is failing.
Most notably, Members are responsible for defining the Trust’s charitable object, amending the articles of association, appointing or removing Trustees, appointing the Trust’s auditors and receiving the Trust’s annual audited accounts, and ultimately dissolving the Trust if required.