Mull and Iona Community Trust mict.co.uk was established in 1997 and is considered one of the more successful
development trusts in Scotland. Currently employing around 26 full and part-time staff with a turnover of
approximately £450,000 (excluding capital projects), the Trust is based at a purpose built community hub and
business centre in Craignure, Isle of Mull.
Mull and Iona Community Trust (MICT) is a membership organisation managed by a board of volunteer directors drawn
from the membership. MICT responds to the many needs of the local community and strives to improve the quality
of life on Mull and Iona delivering projects ranging from Mull and Iona Environmentally Sensitive Solutions
(MESS) charity shops, affordable housing, community transport, recycling, countryside ranger services, renewable
energy, a pontoon, storage and small business park, community forest, well being, training and capacity
building. Diversification has been a key to the organisation’s success.
Mull and Iona Community Trust (MICT) is incorporated as a Company Limited by Guarantee (regulated by Companies House)
and is a Scottish Charity (regulated by the Office of the Scottish Charity Regulator).
Turnover varies according to the scale of capital projects each year but is typically in excess of £450,000 per
annum, actual figure for 2020-21 was £1.89m. This level of turnover necessitates an independent external audit
of the annual accounts.
MICT has a very strong balance sheet with net assets of £7.2m.
The organisation has income arising from a variety of sources including grants, donations and income earned from
various enterprise activities.
Finances are managed using proprietary SAGE 50 Cloud accounting software.
MICT supports a number of other community organisations on Mull and Iona which includes provision of book-keeping
services. Currently there are four other companies supported in this way.
PURPOSE OF THE ROLE
As part of the senior leadership team, of an ever expanding social enterprise, the Finance Manager will provide
support to the organisation, with the responsibility for managing MICT’s finances. In addition the Finance
Manager will have responsibility for managing the finances of the other organisations which MICT support.
The Finance Manager will be responsible for ensuring compliance with relevant financial legislation.
KEY ACTIVITIES & RESPONSIBILITIES
Management of MICT’s finances;
- Monthly payroll including staff expense claims, pension contributions and dealing with various funders and
banking requirements
- Data entry into SAGE
- Allocation of costs to project cost
centres
- Updating the purchase ledger
- Processing supplier invoices
- Customer
Invoicing
- VAT Returns
- Statutory reporting for sales of fuel including correct treatment of VAT
and fuel duty
- Preparing monthly management accounts for project officers
- Preparation of
quarterly management accounts to the Board
- Assisting project officers in preparation of grant claims and
reports for funders
- Preparing the annual company budget, in conjunction with management and project
staff
- Preparation of Company Accounts to trial balance with supporting information for the auditors and
responding to queries
- Working closely with the MICT Accountant and Auditor
- Submission of annual
reports to regulatory bodies (OSCR, Companies House, Financial Conduct Authority ….etc. as
appropriate)
- Training and supervising support staff who assist with data entry and basic
book-keeping
- Monitoring cashflow and credit control, ensuring timely payments and receipts
- To
work flexibly as part of a larger and very hands-on team
Management of other company finances
- Provision of book-keeping services to trial balance for larger companies
- Book-keeping and preparation of financial statement for the smaller organisations
- Ensuring compliance with the various regulatory requirements of each organisation