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Registered Charities

Financial management

This section has information to help you effectively manage money and be accountable to your stakeholders - including your funders, board, Inland Revenue, the Charities Commission and the public.

This can help your charity to:

What accounting standards should we be working towards?

These resources provide technical guidance and processes to make your financial reporting easier and more compliant.

Reporting guide & checklist

The New Zealand Institute of Chartered Accountants Not For Profit Reporting guide and disclosure checklist is used in conjunction with sample financial statements in preparing NZ IFRS compliant financial statements.

Sample financial statements

Financial statements have been prepared by the New Zealand Institute of Chartered Accountants for two fictitious entities, the PBE Squash and Tennis Club (Inc) and the PBE Charitable Foundation.

FRA calculator

check to see whether your organisation has a filing obligation under the Financial Reporting Act 1993, by using the Ministry of Economic Development's interactive guide.

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What are some of the principles of good record keeping?

Keeping accurate records is essential for many reasons

to save time and money, be transparent and accountable, and to keep a true and accurate record of your activities. These resources provide some guidance.

Organisation

The CommunityNet resource kit's Record Keeping chapter covers organising your records, organising your filing system and keeping files safe and private.

The role of a treasurer

The Institute of Chartered Accountants looks at financial administration from the treasurer's perspective and lists what they should be tracking.

Record-keeping

OurCommunity.com.au provides in-depth information about what's expected when handling charitable finances on its web page Record-keeping for treasurers.

Financial Management

The Free Management library explains the difference between cash and accrual basis accounting, amongst many other points on non-profit bookkeeping.

Tax obligations

Inland Revenue's web page on keeping records explains the records your organisation is required to complete - such as banking information, proof of income and expenses, cash books and wage books.

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How can we improve our planning and management of finances?

A financial plan shows what your total income and expenditure is likely to be and when money will be required. Knowing your needs will help your operational and strategic decision-making, and help you day to day. These resources can help you achieve this goal.

Financial Planning

The CommunityNet resource kit introduces you to budgeting and the cashflow forecast which are key components to a good financial plan.

Club Finances

The SPARC Club kit's financial management page outlines the financial processes your club will need to run successfully.

Financial planning

National Council for Voluntary Organisations (UK) sets out objectives, goals, action plans, mission, strategy, and quality: what you need to know about financial planning for your organisation.

Finance strategy

KnowHow NonProfit provides questions you need to answer to develop a financial strategy for your organisation.

Financial help sheets and resources

OurCommunity.com.au have help sheets, templates, and articles to help your organisation manage its finances

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Where can I get help on taxation for charitable organisations?

Tax records

Inland Revenue talks about what returns to file, what records to keep and how to register a nominated person on their webpage Keeping records and filing returns.

Tax rules

Keeping it Legal has an overview of the tax rules that apply to various types of organisations. It also explains how organisations can become tax-exempt.

Accounting for tax

the New Zealand Institute of Chartered Accountants outlines tax regulations that may arise from your activity as a charity.

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