Freelands Foundation
Head of Finance
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About the Role
Freelands Foundation is looking for a Head of Finance to deliver and contribute to Freelands Foundation’s financial strategy to enable the Foundation to achieve its ambitious strategic objectives. This role will play a pivotal part in supporting the scaling of the Foundation over the next few years, including a major capital project for our Errol Street building, a significant expansion of key programmes, and reaching new audiences for our work.
This opportunity is perfect for a qualified chartered accountant with at least five years’ experience at a senior level, who is excited and ready to bring their skills to a growing team with the aim of making a real impact in art education. We are looking for someone with significant experience working in the charity sector in a finance leadership position, with in-depth knowledge of both UK Charity SORP requirements and US Private Foundation regulations.
Job Description
Role Purpose
Reporting to the Director of Finance and Operations, the Head of Finance will be responsible for the day-to-day running of the Foundation’s Finance function, leading on all reporting, payments and compliance. This role will also deliver and contribute to Freelands Foundation’s financial strategy by managing financial planning and running accounting systems, ensuring that they meet Freelands Foundation’s strategic objectives and align with our values. The Head of Finance will line manage the Finance Officer.
Role Responsibilities
Financial Strategy and Planning
- Lead the annual budgeting and reforecasting process, working collaboratively with departmental budget holders to ensure expenditure is accurately monitored and any variances are clearly understood.
- Conduct scenario modelling and financial analysis to support new programmes, grant rounds and capital projects.
- Maintain accurate cashflow forecasts to allow appropriate drawdowns from the Foundation’s investment portfolio.
- Manage relationships with the Foundation’s banking partners and financial software providers, ensuring a high level of service and that all tools are fit for purpose.
Management and Statutory Reporting
- Produce monthly management accounts to provide the Foundation’s leadership with accurate and timely information on the financial health of the organisation.
- Prepare high-quality financial reports and papers for the Executive Leadership and Board of Trustees.
- Manage the year-end audit process and produce statutory accounts compliant with Charity Commission and Companies House requirements, in addition to collating and submitting the Trustees’ Annual Report.
- Lead on the preparation of the Foundation’s US tax filings, including the FBAR, 9990PF and estimated tax payments.
- Prepare and submit UK Corporation Tax returns when necessary.
- Prepare and submit the Foundation’s P11D reporting.
Payments
- Manage the Foundation’s bi-weekly payments process, ensuring all suppliers and expenses are paid accurately and on a timely basis.
- Liaise with the Programmes team to ensure that all grant payments are made promptly and accurately, in line with our governance processes.
- Lead the monthly Payroll process for employees and temporary workers, including payments of salaries, benefits and employment taxes.
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Compliance and Risk Management
- Ensure the Foundation adheres to all relevant accounting standards and regulatory requirements, including the Charity SORP and US Private Foundations 5% minimum distribution rule.
- Ensure all financial controls are complied with and continuously seek improvements to our internal processes to minimise risk.
- Put procedures in place to protect the organisation from financial fraud and conduct relevant training to ensure all team members are aware of the latest risks.
Team Leadership and Business Partnering
- Provide inspiring and supportive line management to the Finance Officer, with clear objectives and effective ongoing performance management.
- Support the wider organisation in finance-related decision-making, including upskilling the wider organisation in financial awareness.
- Ensure the Foundation’s financial processes enable the wider team to achieve their strategic objectives, actively seeking feedback on ways to improve the service Finance provides.
Freelands Foundation Contribution
- Undertake such tasks that are needed to deliver this role’s responsibilities.
- Work in cooperation with colleagues across the organisation, providing support and cover as needed within available time and resource.
- Undertake organisational training as required.
- Work within the organisation’s agreed policies and processes, confirming such with a senior manager where clarity is needed.
- Uphold the organisation’s values and mission in all internal and external interactions undertaken on behalf of Freelands Foundation.
The above job description is intended to be an outline of the duties and responsibilities of this role. This is not exhaustive, and it is likely to change over time.
Person Specification
Essential
Experience
- At least five years’ experience working in the charity sector in senior-level finance positions.
- Substantial senior-level experience working with external auditors on annual audits and tax filings.
- Direct experience of financial planning, including setting and monitoring budgets.
- Solid experience in line managing and developing direct reports.
- Experience working within a complex charity structure or a private foundation.
- Experience in reporting to Companies House, the Chairty Commission, and the US Internal Revenue Service.
Knowledge
- In-depth knowledge of the UK Charity SORP requirements.
- In-depth knowledge of US Private Foundation federal and state regulations.
- Good working knowledge of Xero software and Expensify.
Skills
- Ability to learn new processes and concepts quickly and to apply them in practice consistently and accurately.
- Ability to process financial information with a high level of detail and care, analyse accounts and define what constitutes sensitive data.
- Strong written and verbal communication skills, with the ability to ensure information and decision-making is clear and transparent.
- Ability to work well both independently, with initiative and confidence when performing tasks, and also to request support when required and appropriate.
- Pragmatic and proactive approach to completing various levels of finance work.
- Effective internal and external relationship management, with proven ability to inspire well-founded confidence in colleagues and stakeholders at all levels.
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Qualifications
- Qualified chartered accountant: CIMA, or ACCA, or ACA.
Attributes
- A proactive and collegiate approach to problem-solving.
- A positive response to deadline-driven project working.
Desirable
Experience
- Experience of working in the creative industry, arts or education sectors.
- Experience in project managing the launch of new processes and systems to a small to medium-sized organisation.
- Managing budgets and accounting for complex capital projects.
- Track record of multi-year financial planning and scenario analysis.
- Experience in managing an investment portfolio in line with a perpetuity model.
Knowledge
- Best practice governance in relation to grant-making and reporting.
- Managing an outsourced chief investment office facility and investment reporting.
Skills
- The ability to translate complex financial information into terms understandable to all team members.
- Strong capabilities in producing and presenting financial information to executive leadership and boards of trustees.
Attributes
- Strong support for our mission to champion art education.
- A strong belief in the intrinsic value of art.
Summary of Terms
- Starting salary: £60,755 per annum FTE.
- Hours of work: This role is envisaged as full-time (40 hours per week), however we are open to considering this as a 0.8 FTE part-time role.
- Working pattern: Typical working hours will be Monday to Friday, 10am to 6pm. On occasion, evening and weekend work may be necessary due to the nature of this role, for which TOIL is available.
- Location: Freelands Foundation offices in Central London. Following a successful probation, the role holder can work from home/remotely for one day a week subject to the approval of their line manager and role demands.
- Contract: Permanent. We are looking for this role to start in October or early November 2026.
Benefits Include:
- 25 days annual leave, plus UK public holidays and discretionary office closure (currently one week in the summer, and between 25 December – 1 January inclusive, subject to project demands).
- Employer pension contributions of 6%.
- Critical illness insurance, group income protection and life assurance schemes, including an Employee Assistance Programme and mental health support service.
- Annual training budget available for approved work-related training.
- Cycle to work scheme, with on-site lockable bike rack and shower available.
- Well stocked staff kitchen with dedicated eating area.
- Access to our art education library.
Visa Sponsorship Likely Status
We would consider sponsorship for the successful candidate, based on the skilled worker visa (SOC code 1131 – Financial Managers and Directors).
DBS Check
The appointment is subject to a Standard DBS check. Only candidates who pass the check will be offered employment.
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