Financial Audit Subcommittee Member (2 vacancies - Voluntary)
LauraLynn
LauraLynn, Ireland’s Children’s Hospice was formed in 2011 following the merging of the long-standing Children’s Sunshine Home and the LauraLynn Foundation, and now comprises LauraLynn Hospice Service and The Children’s Sunshine Home Disability Services. Our Disability Services are based on our campus in Leopardstown, Dublin 18 and our Hospice Services operate from our campus in Dublin as well as our regional hubs in Mallow, Cork, and Ballinasloe. LauraLynn Hospice provides specialist palliative and supportive care services to meet the needs of children with life limiting conditions and their families. Our Model of Care is centred around five pillars - direct care, family support, symptom management, end of life care and bereavement support. Our Disability Service currently comprises Willow View – a residential care service that is home to six adults with intellectual disabilities, and Hazel House – a 5-bedded respite service for children with complex intellectual and physical disabilities. While our disability services are fully funded under a Section 38 Service Level Arrangements with the Health Services Executive (HSE), our hospice service is mainly funded through fundraised income and private donations, supplemented with some statutory funding as a Section 39 agency.
It is an exciting time to join the team at LauraLynn, as 2024 saw the launch of our ambitious new 5-year organisational strategic plan – “Advancing our Vision – Expanding our Community of Care”
Purpose – Why does LauraLynn exist?
To Provide Specialist Care & Support to Positively Impact Children with Medical Complexity & Children with Palliative Care Needs and their Families
Vision – What does LauraLynn ultimately want?
Children & their families have the care & support they need at all stages of their journey
Mission – In line with our purpose, how will we achieve our vision?
We will take a leading role in improving the quality of life of those in our care, by delivering specialist care & support that is accessible & equitable.
Financial Audit Committee Member (Voluntary)
The Financial Audit Committee has 3 members, who are non-executive. The Chairperson is also a director on the Board. The CEO and Head of Finance attend the committee meeting. The internal and external auditors are also invited to attend meetings of the Financial Audit Committee, and other members of the executive management team may be invited to speak to certain agenda items as and when required.
Remuneration Basis: Voluntary
Key Responsibilities will include the following:
- Facilitate the independence of the external audit process. Meeting with the external auditors.
- Meeting with the internal auditors (in house or outsourced), reviewing the internal financial audit plan for adequacy, monitoring the effectiveness of the company’s systems of internal control
- Reviewing internal and external audit reports and, where major deficiencies or breakdowns in controls or procedures have been identified, monitoring remedial action taken by management to ensure such action is appropriate and prompt
- Reviewing the financial statements and recommending them for approval to the board.
Time commitment:
There are currently 3 meetings per annum, which are held on a Wednesday morning. The meetings last between 1-2 hours.
Person specification:
- Qualified Chartered Accountant with strong audit background
- Understanding of internal controls and risk
- Experience in preparing and reviewing financial statements
- Knowledge or experience of the charity, healthcare and/or hospice sectors would be beneficial, but not essential
- Experience with investment portfolios is also beneficial