Category Archives: Governance

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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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.   … 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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Definition of ‘non-profit’, ‘not for profit organisation’, or ‘charity’ – what’s the difference?

Q: Can you define a not for profit organisation?  “There is no single agreed term that fully describes the nonprofit sector in Aotearoa/New Zealand. Rather, a number of terms are commonly used that refer to all or part of it. … Continue reading

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What is the difference between a Charitable Trust and an Incorporated Society?

Q: What is the difference between a Charitable Trust and an Incorporated Society?  Which is best for me? The differences are clearly explained on the Registrar of Incorporated Societies website.  Which is the most suitable will naturally depend upon your … Continue reading

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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.   Read the full post on the Charities Services website Helpful videos and booklet for Tier 4 … Continue reading

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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 … Continue reading

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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, … Continue reading

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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>

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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 … Continue reading

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