Finance, Risk and Audit Committee member

UnLtd; United Kingdom; Remote; GBP 60,000 - 80,000; Full time

Job summary

A leading charity organization in the UK is seeking up to two co-opted members for its Finance, Risk, and Audit Committee. Candidates should have significant professional finance experience in the charity sector and a willingness to support social entrepreneurs. The role involves quarterly online meetings, with a commitment to enhancing UnLtd's governance and impact. Applications are open until 14th November 2025.

Qualifications

• Experience at a senior level in charity finance or accounting.
• Background in social enterprise or social impact is desirable.
• Willingness to support UnLtd's mission.

Responsibilities

• Select and recommend firms for audit appointments.
• Review annual financial statements.
• Monitor risks and financial KPIs.

Skills

Significant charity finance experience

Analytic and objective mindset

Integrity and ethical conduct

Team collaboration

Job description

Overview

The Board of UnLtd is looking to add up to two co-opted members to its Finance, Risk and Audit Committee to complement the skills and perspectives of its current membership. The position is not remunerated.

This role requires significant professional finance experience in the charity sector.

UnLtd finds social entrepreneurs with bold solutions to today’s challenges. Through funding and support, we help them realise their potential and create lasting change. We work with social entrepreneurs with the greatest potential for impact – often those with lived experience of the social issues they are looking to tackle, with and for their communities. These social entrepreneurs are at the heart of our support, our governance and our learning. This includes our Board and Communities. We are excited to have an opportunity open up on the FRAC for just such a leader.

UnLtd – Who We Are

UnLtd finds, funds, and supports over 200 social entrepreneurs every year. We are the UK’s leading provider of funding and support to early-stage social entrepreneurs.

Our mission is to create a fairer society and economy for social entrepreneurs, and for the people they help. Last year, 68% of our funding was distributed to entrepreneurs who identify as Black, Asian, minority ethnic, and/or disabled. We know that social entrepreneurs from these communities use their lived experience to develop and grow solutions that improve the lives of their communities.

After receiving support from UnLtd, last year each social entrepreneur (on average):

· Improved the lives of 1,160+ people

· Helped 10 people into work

· Delivered 14 job training opportunities

· Generated £74,177 – reinvesting 50% of their profits into positive impact

· 79% continue to grow their year-on-year impact after 12-months support from UnLtd.

UnLtd’s income last year was about £6.4m, which comes from a combination of the investment income from the Millenium Awards Trust (MAT) endowment and grants from corporate benefactors, trusts and foundations. UnLtd is the sole corporate trustee of the MAT. Investment management of the MAT endowment is handled by a different Board committee (the Investment Committee.)

Finance, Risk and Audit Committee (FRAC)

The Finance, Risk and Audit Committee is an advisory body with no executive powers reporting to the Board.

The FRAC's main responsibilities are:

• Select and recommend to the Board for appointment a qualified firm to act as UnLtd’s external auditors.
• Select and recommend to the Board for appointment a qualified firm to act as UnLtd’s internal auditors.
• Discuss with the external auditors and any public body with appropriate jurisdiction the nature and scope of each forthcoming audit and ensure that they have the full co-operation of UnLtd staff.
• Review the annual financial statements before they are submitted to the Board.
• Monitor cases of suspected fraud and as reported to it by the Chief Executive and ensure they are properly investigated and that any continuing risk to UnLtd is minimised
• On behalf of the Board, assess and comment on the appropriateness of risk management and assurance processes, and the effectiveness of associated control systems, for all risks consistent with the risk appetite set by the Board. It oversees the risk architecture and policy, risk register and risk management in pursuit of its mission in line with its values. It will also oversee the management of the risks not covered by other committees.
• Review the annual internal audit programme and executive support for it, ensuring there is adequate attention and resources with appropriate co-ordination between all parties
• Review the findings of the internal audit reports
• Consider all relevant reports from any public body with appropriate jurisdiction including reports on UnLtd’s accounts, achievement of value for money and the response to any management letter, internal audit reports and the arrangement for their implementation.
• To consider draft management accounts every quarter.
• To consider the rolling 3 year plan and annual budget
• To develop and monitor financial KPIs
• To review as necessary financial policies including reserves policy
• To provide advice and guidance to the Finance Director.

Further detail is available in the FRAC's terms of reference.

Current members of the Finance, Risk and Audit Committee

Chair: James Endean, Chief Operating Officer, Pathway Fund (UnLtd trustee)

Jamie Broderick, Deputy Chair at Impact Investing Institute (UnLtd trustee)

Henrietta Blackmore, CEO Habitat for Humanity UK (UnLtd trustee)

UnLtd CEO Mark Norbury attends meetings ex officio,and Director of Corporate Services Raymond Tran serves as the FRAC's secretary.

Rationale for inviting new FRAC members

The current co-opted member of the current FRAC is retiring due to serving the maximum number of terms allowable. This member provides significant technical accounting expertise and sectoral knowledge to provide support to ensure UnLtd follow best financial practices. We would value a member with similar background to join the committee.

Qualifications and experience

• Significant charity finance / accounting professional experience at a senior level. This will likely come from either being a Partner or Director in an auditor’s charity practice or a Finance Director of a medium to large sized charity.
• Background in social enterprise or other areas of social impact is highly desirable.
• Willingness to become knowledgeable and supportive of UnLtd's mission and activities.
• Independent, analytic and objective mindset.
• Ability to work effectively in a team environment and engage in active debate.
• Integrity and ethical conduct.

Time commitment

The committee meets quarterly, typically for 2 hours, although there are also irregularly scheduled meetings or calls as issues might arise, and sometimes project work. Each quarterly meeting will also require preparation time, carefully reviewing papers circulated the previous week.

Meetings are primarily held online, so we welcome applications from people based anywhere in the UK.

Application Process

People interested in joining the FRAC should apply via the form below to indicate their interest, including:

• A CV or link to a Linkedin profile.
• A short statement explaining why the position is of interest and why they think they would be a useful addition to the committee.

We will be in touch by email with interested candidates to describe the next steps and timing.

Deadline for applications is 14th November 2025. We expect to hold online interviews with a shortlist of candidates during w/c 24 November 2025.