The role of a
Director of Aidlink
is to ensure the company is appropriately managed and achieves its charitable objectives, upholding the highest standards of governance and accountability.
General Responsibilities of All Directors
All directors share equal legal responsibility for the board's actions and decisions, acting collectively in the interests of Aidlink and its beneficiaries. Their key responsibilities include:
* Vision and Leadership:
Reviewing and ensuring the relevance of Aidlink's vision, values, ethical principles, and strategic direction.
* Accountability:
Having overall responsibility for all the organization's activities, spending, and ensuring compliance with the
Charities Governance Code
(based on six principles: purpose, integrity, leading people, control, working effectively, and being accountable).
* Legal & Regulatory Compliance:
Ensuring adherence to all relevant legal requirements, including the Companies Act 2014 and the Charities Regulator rules. This includes the timely filing of annual returns, accounts, and reports.
* Financial Oversight:
Ensuring all money, property, and resources are
properly used, managed, and accounted for
.
* Commitment:
Giving adequate time, preparing for meetings, maintaining confidentiality, avoiding conflicts of interest, and achieving high attendance at the minimum of six annual meetings.
Specific Responsibilities of the Treasurer: The Treasurer is a specific director role responsible for reporting to the full board on financial matters. While the ultimate responsibility for financial management lies with the entire board, the Treasurer's duties are to focus on the systems and controls that safeguard the organization's finances:
* Financial Management Review:
Reporting to the board on the organization's
budgeting and management systems
.
* Procedural Integrity:
Reviewing and ensuring that
appropriate accounting procedures and controls
are in place across the organization.
* Compliance:
Ensuring
compliance with relevant financial legislation
and best practices, such as the Charities Statement of Recommended Practice (SORP FRS102).
* Audit Implementation:
Ensuring that any
recommendations made by the external auditors are properly implemented
.