Director of Finance & Resources

Director of Finance & Resources

(Initially voluntary; with a clear pathway to a salaried position, subject to funding and Board approval)

Purpose of the role

To provide strategic and operational leadership of the Company’s finance and corporate resources, with primary focus on (i) securing and stewarding capital to fund growth (grants, contracts, social investment, loans and—if applicable—dividend-capped equity), and (ii) ensuring that statutory accounts and regulatory returns are produced accurately and on time. The post-holder will advise the Board on financial strategy, risk, and organisational resilience.

Status
This appointment is initially voluntary (reasonable out-of-pocket expenses reimbursed). It is intended to convert to a salaried position once sustainable funding is secured and subject to Board approval, organisational need, and satisfactory performance. A formal review point will be held within 12 months of appointment.

Key outcomes (first 12 months)

• A funded capital plan approved by the Board and funds secured across diversified sources.

• Unqualified, on-time year-end accounts filed; all Companies House/CIC Regulator/HMRC deadlines met.

• Robust monthly management accounts, cash-flow forecasting and KPI reporting delivered to schedule.

• Fit-for-purpose finance policies, internal controls and delegated authorities embedded.

• Corporate resources (people, IT, premises, procurement) aligned to budget and service needs.

Main responsibilities

1) Capital strategy and income generation

• Design and execute a capital-raising strategy spanning grants, service contracts, philanthropy, social investment, and (where appropriate) repayable finance or dividend-capped equity compliant with CIC rules.

• Cultivate funder, bank, investor and commissioner relationships; produce investment cases, decks and due-diligence packs.

• Lead pricing and full-cost-recovery modelling for traded services and bids.

2) Financial leadership, control and reporting

• Lead budgeting and medium-term financial planning; provide scenario and sensitivity analyses.

• Produce monthly management accounts, cash-flow forecasts and variance reports with actionable insights.

• Maintain accurate ledgers, reconciliations and internal controls (authorisations, procurement, segregation of duties, reserves and treasury).

• Manage the year-end process (audit/independent examination), statutory accounts preparation, and filing of the CIC34 alongside Companies House deadlines.

• Oversee payroll, pensions, expenses, VAT/Corporation Tax compliance (as applicable).

3) Governance, risk and compliance

• Act as principal adviser to the Board on financial risk; maintain the risk register and insurances.

• Ensure compliance with Companies Act, CIC Regulator requirements (including dividend caps if limited by shares), funder conditions, and data protection in finance systems.

• Be the lead interface with auditors/examiners, the bank, investment partners and HMRC.

4) Resources (people, IT, premises, procurement)

• Oversee efficient, compliant corporate services: HR administration, recruitment controls, onboarding and resource planning.

• Drive value-for-money procurement and contract management for key suppliers (finance system, IT, telephony, premises).

• Champion simple, accessible systems and reporting that support frontline delivery.

5) Leadership and culture

• Model ethical stewardship and the asset-lock; promote transparency and accountability.

• Develop finance/resources staff and volunteers; build financial literacy across teams.

• Contribute actively to Board decision-making as a statutory director.

Person specification

Essential

• Demonstrable success in raising capital (grants, contracts, social investment, loans or dividend-capped equity) within VCSE/social-enterprise contexts.

• Proven delivery of timely, accurate statutory and management accounts.

• Strong financial modelling, budgeting and cash-flow skills; ability to brief non-specialists.

• Hands-on experience with modern accounting systems (e.g., Xero/QuickBooks) and Excel.

• Sound understanding of governance, risk and internal controls for UK companies/CICs.

• Excellent stakeholder management and written communication; meticulous with deadlines.

Desirable

• ACA/ACCA/CIMA (or equivalent experience).

• Knowledge of FRS 102, Companies Act reporting, CIC dividend rules and the CIC34.

• Experience of commissioning/public-sector contracts or social-investment due diligence.

• Oversight of HR/IT/procurement in a growth environment.

Time commitment and terms

• Time: [e.g., 2–4 days per month], including Board/Finance & Resources Committee meetings.

• Status/Remuneration: Initially voluntary (expenses reimbursed). Conversion to salaried post at Board discretion, subject to secured funding, organisational need and satisfactory performance at a later review. 

• Location: Southampton or Remote

• Reports to: Managing Director; works closely with senior colleagues.