Charity registered in Scotland SC002375
Objectives
The Scottish Railway Preservation Society (SRPS) owns the Museum of Scottish Railways and the Bo’ness and Kinneil Railway and manages the core collection that has been Recognised as being of National Significance through the Scottish Government’s Recognition Scheme. Most of the collection is owned by the Scottish Railway Museum Collections Trust (SRMCT) and SRPS manages it on behalf of the owner. Visitors to the Bo’ness and Kinneil Railway can see parts of the collection and other rolling stock in operation on the railway and visit the Museum of Scottish Railways.
The post holder will work with our collection to enhance continually its presentation, documentation, storage and use of a searchable online collections database. There will also be a requirement to work closely with the Board and with a team of volunteers. The post will be supervised by an appropriate member of the Board of the SRPS.
Key Responsibilities
Qualifications and Experience
Essential
Desirable
The Finance Director is the Board Member responsible for providing timely and pertinent management information together with relevant advice and support on all financial aspects of the Charity and its trading subsidiaries. He or she will also be responsible for the production, to a tight schedule, of the Annual Report and Accounts to comply with all relevant accounting, charity and tax regulations and liaising with Auditors as required.
The Finance Director will contribute to the development of the charity’s forward planning through the preparation of appropriate strategic plans, budgets and cash forecasts encompassing all areas of the business, challenging assumptions and decision-making as appropriate and providing pertinent financial analysis and guidance as required.
The Finance Director will have experience of finance, taking control of the finance function, and will also be commercially aware. He or she will have strong communication skills with all levels of staff, working with the various departments to help them plan and manage their own budgets, but also being willing to challenge fellow Board members constructively.
In periods of change and challenging economic circumstances, an effective Finance Director is critical in ensuring the business is maintained on a sound footing in terms of cash, debt, capital requirements, taxation etc. and complies with company policies and all financial and charity regulatory requirements.
Principal Duties
Skills and Qualifications
A qualification in accounting, business or finance would be desirable but not essential. Several years’ experience in charity finance or a commercial role is highly desirable.
This is an unremunerated volunteer post with an anticipated time commitment of around 1 day per week.
The Society, based in Bo’ness, was formed in 1961 to preserve and display Scotland’s railway heritage through the Museum of Scottish Railways and the operation of heritage services on the Bo’ness and Kinneil Railway. It also provides commercial hire and tours through its subsidiary company, SRPS Railtours Limited.
Purpose
Reporting to the Finance Director and working with the members of the Board, department heads, and Finance & Audit Committee (‘F&A’), the Financial Controller is responsible for providing timely and pertinent management information together with relevant advice and support on all financial aspects of the Charity and its trading subsidiaries. They will also be responsible for producing, to a tight schedule, the Annual Report and Accounts to comply with all relevant accounting, charity and tax regulations and liaising with Auditors as required.
The Financial Controller will contribute to the development of company forward planning by providing the appropriate information to help the preparation of appropriate business plans, budgets and cash forecasts encompassing all areas of the business, challenging assumptions, and providing pertinent financial analysis and guidance as required.
The Financial Controller will have experience of finance and a good knowledge of charity regulation requirements and will also be commercially aware. They will require strong communication skills with all levels of staff.
The role of the Financial Controller is crucial in providing the information that the Board and departments require for effective decision-making, as well as dealing with the year-end reporting.
Principal Duties
• Prepare the Annual Report and Accounts including the Trustees’ Annual Report combining the performance of the charity and trading companies and liaise with external auditors in enabling them to complete their report.
• Liaise with the external auditors in respect of statutory returns.
• Ownership of annual budget process.
• Production of monthly management accounts and appropriate accompanying guidance to allow the Board to track, and act upon, financial performance.
• Monitor and enhance the processes and procedures of the Society to ensure there is proper management of transactions and that the relevant processes and procedures are being followed.
• Understand the complexities of VAT as it impacts the business and provide relevant advice and guidance.
• Line Management of Bookkeeper and Assistant Bookkeeper.
• Liaise with the F&A Committee to review, revise, maintain and enhance a set of policies, processes, procedures, controls etc that form the Financial Management System
• Ensure major projects include the appropriate level of financial reporting.
• Other duties as may reasonably be required from time to time.
Skills and Qualifications
• A qualification in accounting (CA/ACA/equivalent) would be desirable but not essential if candidate can demonstrate equivalent practical experience.
• Several years’ experience in charity finance with significant knowledge of the charities SORP and FRS 102.
• High level of integrity and openness combined with commitment to good governance.
• Good numeracy and IT skills.
• Attention to detail.
• An understanding of data privacy regulations
• Skills in problem solving, research, analysis, critical thinking, and multi-tasking.
Salary & Working Pattern
We are flexible employer and can offer a hybrid working environment.
The post is 2.5 days per week with a full-time equivalent salary of £40,000-£45,000 dependent on experience, based on a 37.5-hour week. Working patterns would be flexed to suit the requirements of the business and post holder.