Posted on 6 December 2016Charities Services was established in 2012 when the functions of the Charities Commission became the responsibility of the Department of Internal Affairs. To retain independence in the decision making process, the amended Charities Act established a Charities Registration Board to make all decisions regarding registration and deregistration of charities. The Board ensures that charities on the Register qualify under New Zealand’s charities’ law.
All the Board members ar…
On this page, you'll find an example performance report for a fictional Tier 3 charity to help you prepare your own. You can also download it by clicking here.
This example uses the Excel template that you can find by clicking here.
More informationClick here for more resources for Tier 3 charities to help you create your performance report.
Following the completion of the recent joint Charities Services & XRB webinar on the New Financial Reporting Requirements for Accountants of Small Charities we are pleased to make available the responses to the questions we received.
Unless otherwise stated all responses are applicable to Tier 3 and Tier 4 not-for-profit public benefit entities only. The primary source of accounting pronouncements referred to in our responses are:
Tier 3
Public Benefit Entity Simple Format Reporting – Acc…
Koha is a payment or receipt of money, similar to a donation. You will need to think about the purpose or reason for which it was given and record this amount in a category that reflects the type of koha it is. For example, a charity runs a community class and asks for koha to attend. This could be considered as payment for the class rather than a donation, and would therefore be recorded under “Receipts/Revenue from providing goods or services.” Once your charity decides which category to recor…
Read more about "Koha"...Published 9 February 2017
Today marks 10 years since the first charity was registered in New Zealand.
The first charity to register under the Charities Act was Te Aute Kokiri Foundation, which supported emerging Māori leaders from Te Aute College.
This was followed soon after by CommSafe (previously known as Te Awamutu Safer Community Charitable Trust), who are still operating today – making them the longest registered charity to date.
Since the first charity applications were received 10 ye…
Posted on 27 February 2017When looking for some guidance on whether your revenue under Tiers 1 or 2 is classed as “Exchange” or “Non-exchange” you might notice the tumble weeds rolling across the screen. The truth is there isn’t a great deal out there at the moment, especially in the New Zealand context. This Blog is the first in a series of three, which respectively cover the classification of revenue as either exchange or non-exchange, when to recognise the revenue, and what disclosures need t…
Read more about "Exchange or Non-Exchange (Part 1) – Which is it? "...Published 6 March 2017
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Posted on 6 April 2017This is the third post in a three part series on exchange and non-exchange revenue. The first post discussed the classification of revenue as exchange or non-exchange, and the second covered the recognition of revenue. In this post, I’m going to set out the information you need to disclose in Tier 1 & 2 financial statements about exchange and non-exchange revenue. If you’ve been following this series, you’ll probably come to the conclusion that this is quite the process…
Read more about "Exchange and Non-Exchange Revenue (Part 3) – Disclosures"... Published 8 May 2017
This data below was prepared for Volunteer Week (18 to 24 June 2017). It includes data from the most recent annual returns provided to Charities Services.
Note that the number of volunteers may be duplicated if an individual volunteers for a number of registered charities. Charities Services does not verify the accuracy of the figures reported. The data provided does not represent the entire charitable or volunteer sector.
Click on the image below to view the PDF documen…