Background to the role
The Keighley and Worth Valley Railway is a heritage railway, whose principal objective is the preservation and operation of a five mile branch line running historic steam and diesel locomotive hauled trains in West Yorkshire. About 100,000 passengers travel on the railway annually and annual income is around £2m. The railway was made famous by being the location for ‘The Railway Children’ film. Further details on the Railway can be found via the link below.
The Railway was restructured 8 years ago and is made up of three organisations:
- the Keighley and Worth Valley Railway Preservation Society Limited (SocCo) a charitable company limited by guarantee (which effectively replaced the unincorporated society, which was founded some 50 years ago) and this is the parent and 100% equity shareholder of
- the Keighley and Worth Valley Light Railway Limited (OpCo). OpCo is the trading company, which operates and owns the railway.
- SocCo also appoints the trustees of The Keighley and Worth Valley Railway Trust, which is a charity that aims to support the railway in the achievement of its objectives, and was established in the mid-1990s at a time before the Society obtained charitable status in its own right.
The current Acting Finance Director, also the Chairman of SocCo, is relinquishing the Finance Director post and the railway wishes to recruit a suitably qualified and experienced person to the position. The position is voluntary but reasonable expenses can be paid.
About the KWVR
The duties of the Finance Director
The Finance Director will be involved with all three organisations as a Director of SocCo and OpCo and through attendance at Trust meetings. The FD is appointed annually by the members of the Society at the AGM. The duties of the FD are as follows:
- The FD will oversee the finance and administration function of the railway. The railway has strengthened its accounting and information in the last three years. The finance and admin team is now made up of a Financial Controller and two staff, who are employees, supplemented by a number of volunteers who carry out various tasks. The role of the Financial Controller also includes fundraising activities. The two staff also answer public enquiries and take bookings in advance for events.
- The FD will report to the Boards each month on the financial performance of the railway and advise Directors on any decisions that arise. He/she will also report to the AGM of the Society.
- The FD will communicate the decisions of the Boards to the finance department and ensure effective implementation.
- The FD will help and advise the Boards to evaluate the financial consequences of any matters that are being considered as appropriate.
There will also be the opportunity for the FD to be involved in other issues faced by the railway from time to time if he/she so wishes. The degree to which this happens will depend upon the skills and experience of the FD.
For further information please contact Dr Matthew Stroh FCA and Chairman and acting FD, KWVRPS (email@example.com)