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Finance Manager

Closing date
18 Sep 2021

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Our current Finance Manager is retiring at the end of the year, and we are looking to appoint another experienced finance professional to take on this interesting and varied role. Responsibilities range from regular financial management tasks through to reporting, budget setting and liaison with the charity's property and investment managers, as well as advising Trustees on strategic and policy issues.

Cloudesley is an independent charitable trust that makes grants to people, organisations and churches in Islington. In June 2021, Cloudesley's total assets were £58 million and the annual gross income was £1.49 million. For 2021/22, we have a grants budget of £1.6 million.

Our grants budget is split equally between two programmes:
  • Health Grants to support Islington residents with health problems or who are disabled and struggling financially, as well as for local organisations
  • Church Grants to support Islington's Church of England churches to help them maintain their church buildings and the services within them.

Approximately half of Cloudesley's endowment is held in mainstream investments, and the other half in c. 100 residential properties on the Cloudesley Estate in Barnsbury, Islington. The charity uses the income generated from both the investments and properties to fund its work. In 2019, Cloudesley adopted total return accounting which has enabled us to significantly increase the amount which we give as grants, and we expect to continue to increase our grant-making budget over the next five years. Trustees are currently looking at possible approaches to increase the ethical dimension of the charity's investments and to further improve the sustainable management of our properties.

As a local relational funder, we aim to add value to our grant-making by using our knowledge, sharing information, facilitating networking, learning from our grants and working with partner agencies. Cloudesley is a founder member of Islington Giving and belongs to the Association of Charitable Foundations and London Funders. We are also signatories of the Funder Commitment on Climate Change, the Flexible Funders' initiative for open and trusting grant-making and Living Wage Friendly Funders.

For more information on Cloudesley, the Finance Manager role and how to apply, please see the attached recruitment pack or the vacancies page of our website.

Deadline for applications: 10am on Monday 4 October

Interviews: Thursday 14 October
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