Category Archives: Audits and Finance

Reporting Standards for Registered NZ Charities

Registered NZ Charities must render an Annual Report to DIA Charities Services including a return and financial statements.  New financial reporting standards with which NZ Registered Charities must comply in making their Annual Report came into effect on 1 April … Continue reading

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Beyond the Sausage Sizzle: Five Fundraising Tips For Kiwi Charities

“One of the best things about New Zealand is the generosity and egalitarian spirit of our people.  New Zealand is the second most charitable country in the world, according to a recent report by the Charities Aid Foundation.  Around 400,000 New … Continue reading

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Concerned about complying with new XRB Accounting standards?

(Submitted Content) With the recent introduction of accounting standards by the XRB many Not for Profits may be struggling to comply and the end of the financial year is fast approaching. As a proud sponsor of Mercy Ships NZ,  Inspired … Continue reading

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Opportunity Shops – New Accounting Standards …

RSM Hayes Audit have recently published an article looking at some of the accounting complexities that organisations running Opportunity Shops may experience under the new Financial Reporting Standards. How do you account for donated goods under the new standard? Using the … Continue reading

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New Charity Financial Reporting & Audit Requirements – An Opportunity For Alignment?

Craig Fisher of RSM Hayes Audit has just published an interesting article on the new financial reporting structure with which charities will have to comply.  The article starts: The biggest change in financial reporting in 20 years, and for many … Continue reading

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FINZ – 360 Degree Not-for-Profit Training Days 2015

THESE WORKSHOPS HAVE NOW BEEN COMPLETED View calendar of fundraising events for 2016   These Training Days aim to help smaller nonprofits and community organisations with limited budgets up-skill at a highly affordable rate. “These one-day events will help you learn … Continue reading

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Annual Returns for Incorporated Societies

Q: We are an Incorporated Society which is also a registered NZ Charity. To whom do we have to submit an Annual Return? You will have to report to your members as required by your rules. There is some confusion … Continue reading

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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?

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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 … Continue reading

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Where can I find the new financial reporting templates?

Complete information about the Reporting Standards for Not-For-Profit Entities After 1 April 2015 is available from the XRB (External Reporting Board) website. There are a lot of links and documents on the above website and it can be difficult to locate … Continue reading

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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 … Continue reading

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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. … Continue reading

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