A new playbook from Chartered Accountants Australia and New Zealand (CAANZ) “offers actionable insights for not-for-profits and charities which have a critical role in the transition to a sustainable future. IN BRIEF Just as the corporate sector is under pressure to address the social and environmental impacts of their operations, Read more…
The External Reporting Board (XRB) is the Independent Crown Entity responsible for setting external reporting standards. In the latest news and information bulletin (September 2022) XRB advises: “The new Incorporated Societies Act 2022 has changed how incorporated societies need to report. The Act requires all but the smallest societies to Read more…
“The Incorporated Societies Act 2022 that was passed in April this year brings about many changes to how societies operate. One of the areas of change is how societies prepare their financial statements. From October 2023, once a society re-registers, it will have to start using External Reporting Board (XRB) Read more…
Recommendations from the recent Charities Act Review could mean registered charities with operating expenses over $140,000 per year will be required to disclose information about the reserves they hold,
We have frequently been called upon to assist small charities who are struggling with the complexity of the XRB reporting format required to comply with the DIA Charities Annual Report. A Tier 4 charity is one which: has annual operating payments under $125,000 has no public accountability uses cash based Read more…
Thanks to Barry Baker of Grant Thornton who has provided information about a new guide entitled “Your Guide to creating a Plain English NFP Reserves Policy” Not for Profit organisations need reserves to fund organisational change and improvements, and to provide a buffer for potential events that will adversely affect Read more…
Chartered Accountants Australia and New Zealand (CA ANZ) advise that Entries are now being invited for the fifth annual New Zealand Charity Reporting Awards The New Zealand Charity Reporting Awards are presented annually by Chartered Accountants Australia and New Zealand (CA ANZ) to recognise excellence in charity reporting and to Read more…
Guest Post – By Barry Baker, Partner, GrantThornton NZ In my line of work, I have come to realise most people feel more comfortable and confident talking about illness and medical conditions than they do about finance and accounting matters. I also know that my chosen profession has a poor Read more…
NFP Resource was recently asked for advice about CRM Systems. We asked Megan Cunningham-Adams of Onion CRM , an expert in this area, to help us: Finding a good CRM system for your charity or NFP is more important than ever in these challenging business times, especially as our teams Read more…
Charities Services will be holding financial reporting clinics in Auckland on the 23rd and 24th of June. You are invited to come and talk to their accountants who will be available to answer questions you may have about: Performance Reports Financial Statements Audit requirements for your charity There are two Read more…
Update May 2021 Banks phasing out cheques: Final dates that cheques will be accepted: ANZ – 31 May Cooperative Bank – 1 June TSB – 25 June WESTPAC – 25 June RABOBANK – 25 June BNZ – 30 June ASB – 22 August Kiwibank has already stopped accepting Read more…
Updated 14 Feb 2021 Steven Moe of ParryField facilitated a discussion session on the topic of Fund Holding to gain perspectives and to then create a white paper on this topic explaining what the issues are, as well as the answers (we hope). The Situation: A group of people want to Read more…