Audits and Finance
About the New Financial (XRB) Reporting Standards
Charities Services have updated their information about the new reporting standards. Other posts: Helpful Videos Where are the new reporting format templates?
Governance
Governance Training from Governance NZ
“Governance New Zealand Inc., (formerly Chartered Secretaries New Zealand Inc.), is New Zealand’s leading independent professional body with a sole focus on the practice of governance and is dedicated to providing leadership in the areas of governance, compliance and risk management. Members enjoy global recognition and are supported through ongoing Read more…
Administration
Social Impact Bonds.
The NZ Initiative (A think-tank formed from the 2012 merger of the New Zealand Business Roundtable and the New Zealand Institute ) has published (2015) a report paper on the subject. The report “introduces the concept of SIBs, outlining its general strengths and challenges. The report then looks at how SIBs have been implemented overseas, and Read more…
Administration
What is the difference between an audit and a review of our financial report?
The following information is taken from the Charities Services website: New statutory audit and review requirements Recent changes to the Charities Act 2005 create statutory audit and review requirements for medium and large Registered Charities from 1 April 2015. Who will be affected? If a charity’s total operating expenditure Read more…
Administration
Scary Time for Charities?
The New Zealand Association Resource Centre Trust has recently posted a blog article with the above heading. It looks at some of the implications of the new reporting standards with which charities will need to comply. One of these of particular import to small charities is in recording revenue. Read Read more…
Administration
I’ve registered my charity. What do I have to do now?
Q: I’ve registered my charity. What do I have to do now? A: We put this question to our consultant who has agreed to let us publish (with slight edits) the advice he passes to his clients once they are registered. Please note that this advice is for guidance only and Read more…
Funding
Fundraising Tips – Writing Grant Applications
There is an inordinate amount of advice on Google for those wishing to raise funds, write grant applications etc. However it is a crowded field and to be successful you will need to write an application that sticks out from the crowd and meets the requirements of the funder. Here Read more…
Governance
Seminar Announced – A new Act for Incorporated Societies
THIS SEMINAR HAS BEEN COMPLETED RSM Hayes Audit have announced a seminar on forthcoming changes for Incorporated Societies. The seminars are being held on 31 March 2015 in Auckland and 1 April in Wellington and are principally aimed at National Organisations although a review of the announcement indicates that the seminar Read more…
Governance
Stepping Through Transitions – Book
Readers may be interested in a book which looks at the management and governance of non-profits from a New Zealand perspective. The authors’ website – http://www.cgotransitions.co.nz/ – states: “Until now, there hasn’t been much New Zealand-specific literature available about the management, governance and leadership of not-for-profits. Stepping Through Transitions uses non-technical language Read more…
Administration
Selection of Board Members
The NZ Association Resource Centre (NZARC) has recently published an article entitled “Board Recruitment Do’s and Don’ts” which contains good advice in the thorny issue of selecting members for your board, trust etc. <read it here>
Governance
Charitable purpose and political activity
An August 2014 decision by the Supreme Court has developed the law on what may qualify as a charitable purpose. The Department of Internal Affairs’ – Charities Services and the independent Charities Registration Board have reviewed their approach to assessing applications for registration in the light of the Supreme Court’s recent Read more…
Audits and Finance
Financial reporting for charities
Reporting workshops announced New reporting requirements for registered charities become mandatory from 1 April 2015. (See full details on the DIA Charities Services website here (updated 2 April 2015)) See also Helpful videos and booklet for Tier 4 charities (updated 12 April 2015) Building on the successful workshops held last year, DIA Charities Services is Read more…