Administration
Not for Profit Sector Survey
leaders in the Not for Profit sector given the opportunity to have their say about their experiences in the industry.
Accounting
Simplified reporting for Tier 4 Charities
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
Accounting
Reserves Policies for Non-Profits
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
Accounting
How to rely on your Treasurer less
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
Administration
FAQ – Do we need to have our accounts audited?
Incorporated Societies The Registrar of Incorporated Societies does not require that the financial statements of Incorporated Societies or Charitable Trusts are audited or reviewed. However, the organisation’s rules may require an auditor or reviewer to be appointed. Many societies and trusts find the cost of auditing (or even of reviewing Read more
Accounting
Auckland – Financial Reporting Clinics
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
Administration
The Sector’s Numbers 2019-2020
The Charities Services 2019/2020 Annual Review includes the following statistics: 27,864 Registered NZ Charities 108,244 charity officers 200 groups 140,000 people work in the charity sector (5% of NZ workforce) 235,000 volunteers, 1.6 million hrs/year Sector has $65.03 billion in assets Sector expenditure $18.02 billion Sector income $19.6 billion Size Read more
Accounting
How to complete your performance report and annual return
DIA Charities have published a resource which is intended to help Tier 4 charities complete their performance report and submit their annual return. As a registered charity you are required to complete your performance report and submit your annual return no later than six months after the end of your Read more
Administration
Charity Fraud Awareness Week
Charity Fraud Awareness Week is 21-25 October Fraud is a threat to every organisation, charities included. Charity Fraud Awareness Week brings everyone involved in the charity and not-for-profit sectors together to promote openness and honesty about fraud. This year there are five themes: Understanding charity fraud; Fundraising fraud; Cybercrime and Read more
Accounting
Boards Reviewing Finances
Here’s another useful and insightful post from RSM Global: “You’re on a board. You’re not financially trained but you appreciate that reviewing finances to ensure they’re under control is an important aspect of good governance. What should you be looking for? What are the questions to ask? Is there a Read more
Accounting
DIA Charities offer charities discussion opportunity in Auckland
DIA Charities Services are offering charities the opportunity to talk face-to-face with one of their staff about annual reporting or accounting. 30-minute sessions are offered on Thursday 28 March 2019 from 9am to Noon at the Mary Thomas Centre, 3 Gibbons Rd, Takapuna. Spaces are limited and subject to availability. Read more
Accounting
Payday Filing
Information about payday filing has been available for some time, and IRD have been pro-active in contacting small employers, but a number of small charities and non-profits who will be affected still appear to be uncertain about it. Payday filing is currently voluntary but will be mandatory from 1 April Read more