Accounting and reporting

Get an update on its implications for charities operating internationally and its potential to affect the future of UK-Irish GAAP and the Charities SORPs post 2025, and learn how to get involved in the development of INPAG.

Charities need to set out clearly how they are run and carry out their work to combat common myths and build public and donor confidence in the sector.

This Sayer Vincent guide aims to make reading a set of charity accounts simple for those new to the charity sector.

The Financial Reporting Council (FRC) is seeking feedback on draft amendments to FRS 102. Here’s why it’s important for all charity finance professionals to make their voices heard before the consultation deadline of 30 April 2023.

In November, IFR4NPO released an Exposure Draft for the development of the first International Non-Profit Accounting Guidance (INPAG) with a mission to improve clarity and consistency of Non-profit Organisation (NPO) financial reports.

PwC’s Building Public Trust Awards 2022 provide valuable learning and case studies for charities that want to go beyond compliance and build trust through clear and engaging reporting.

The IFR4NPO project is developing international financial reporting guidance (called INPAG) for charities and other non-profit organisations. This is only possible with input from stakeholders: preparers, auditors, and users, including donors and regulators. Exposure Draft 1 (ED1) is open for public comment until 31 March 2023.

This short video reveals that Guidance under development has been given a name: International Non-Profit Accounting Guidance (INPAG). INPAG will be stand-alone Guidance so that preparers and auditors can find what they need in one place. Using the IFRS for SMEs Accounting Standard as a starting point, changes will be made to address the prioritized non-profit issues. The application will be up to each jurisdiction, but the NPOs we have in mind during the development process need to track assets and liabilities and report on a range of transactions and activities to meet the needs of the users ...

We recently asked accountants, advisers and independent examiners of smaller charities to participate in research commissioned by Power to Change, the Charities Aid Foundation and the Lloyds Bank Foundation.

Proposals by the Charity Commission for more detailed information to better identify risks and understand the sector raise concerns about unnecessary red tape, data reliability and confusion about the information being sought.