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Audit And Risk Committee Member Volunteer Roles

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Coventry, West Midlands (On-site)
Unpaid role, expenses not paid
Voluntary
Job description

Coventry Cathedral is a living breathing space which welcomes worshippers, tourists, audiences and school children daily from near and far, either visiting or looking for a place of sanctuary. We have daily worship, and events taking place all year round, a busy tourist offer and a thriving education programme. All these activities are housed in the building coined the “new cathedral” built in 1962. The Cathedral is also custodian of its predecessor- a 12th century building, destroyed and ruined in the Blitz during Nov 1940. The site and story have risen to international recognition, becoming a symbol and example of reconciliation.

During 2023 the Cathedral (along with other English cathedrals) became a registered charity. This has seen changes made to our governance and this requires reinforcement and support as new processes become our normal way of working.

The Finance, Audit & Risk Committee (FAR) is a sub-committee of the Chapter (the board of trustees), and the chairperson of FAR is a member of Chapter. The committee has a membership of five non-executives, and meetings are attended ex-officio by the Dean of Coventry, the Chief Operating Officer, and the Chief Financial Officer.

In order to fulfil the duties and responsibilities of the committee, members should be able to operate at a senior and strategic level, with experience of working (either paid or voluntarily) in an organisation at least at a middle management level.  The ability to deal with figures and understand financial implications of decisions is essential, as is the ability constructively to challenge plans, reports and outline business cases before they progress for decision to Chapter as required. 

FAR Committee schedules 10 meetings per year, but may meet less frequently with monthly reporting being provided by the finance team each month. Meetings usually last 1.5 – 2 hours. Members may be asked to assist with more time, for example when new auditors are due to be appointed, or when a challenging financial or audit issue emerges.

From an analysis of existing committee members, the Nominations Committee has identified the following skills and qualities as being really valuable to bring into the committee.  If you do not have these specifically, we would still be interested to hear from you as the make-up of the group will continue to change and different skills may come to the fore.

· External audit

· Accounting

Posted by
Coventry Cathedral View profile Company size Size: 21 - 50
Posted on: 01 May 2024
Closing date: 31 May 2024 at 23:59
Tags: Finance,Governance