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Accounting and Reporting Update for Charities (NI)

Summary

The charity sector in the United Kingdom and Ireland comprises a vast and growing segment of economic activity with substantial assets at its disposal. The sector's growth in size and influence, combined with a number of highly-publicised scandals, has led to increased sector visibility and scrutiny. Charity regulators have been charged with enhancing charity accountability and transparency, with good accounting and reporting being key to this.

First name	Last name
Ciaran Joseph	Connolly

Format

This course will be delivered via Zoom on Wednesday 7 June from 9.30am to 12.00pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend?

Charity trustees exercise control over, and are legally responsible for, the management of a charity. Although they are volunteers, their role as trustees carries significant responsibility. For example, a charity's trustees are responsible for the preparation of an annual report and financial statements which, together, are generally recognised as key documents in the discharge of accountability to external users. Thus, this course should be of interest to all those involved in charity accounting and reporting, including trustees, charity accountants and practitioners.

Course overview

Early problems identified with charity reporting;
Development and evolution of the charity SORP;
Charity annual reporting requirements;
Type of accounts that a charity should prepare under charity law;
Major changes between SORP 2005 and the FRS 102 Charities SORP;
The requirements of the FRS 102 Charities SORP with respect to the trustees' annual report and financial statements.
Charity performance and impact reporting

Key learning outcome

After attending this course, participants should have an appreciation of the:

early problems identified with charity reporting;
development and evolution of the charity SORP;
key changes between SORP 2005 and the FRS 102 Charities SORP; and
requirements of the FRS 102 Charities SORP, particularly with respect to the Trustees’ Annual Report (including impact reporting).

Speaker's Bio

Ciaran Connolly is Professor of Accounting at Queen's University Belfast and Subject Leader for the Accounting Group in Queen's Management School. A fellow of Chartered Accountants Ireland, he holds a DPhil from the University of Ulster and an MBA from Queen's University Belfast. Ciaran's main area of research is in the field of public services, particularly the financial and performance measurement aspects of the charity and public sectors, and he has published widely in this area.

Contact Us

If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at (+353) 01 523 3930

Category:

Financial reporting

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