Not for Profit and Charities Forum: Governance, Financial Reporting, Tax
Bring yourself up to speed on the critical developments and reforms affecting charities and not-for-profits. This is the perfect opportunity to hone your compliance, governance and reporting skills as you review the Charities Act, examine ‘purpose’ in your organisation, explore current tax and financial reporting issues and receive the latest guidance on best practice. WEB219NZA05
Description
Attend and earn 4 CPD hours
Chair: Steven Moe, Partner, Parry Field Lawyers
9.00am to 9.05am Opening comments by the Chair
9.05am to 9.50am Update on the Review of the Charities Act
- Reporting requirements for small charities
- Charities’ business and accumulation activities
- Investigating potential improvements to the appeals mechanism
- Matters relating to government agencies
- Duties of officers of charities
Presented by Susan Barker, Director, Sue Barker Charities Law
9.50am to 10.35am The ‘Purpose’ Factor
- What does it mean to have a Purpose?
- Governance, policy and Purpose
- Promoting Purpose alongside profit
Presented by Phillippa Wilkie, Special Counsel (Poutoko), Chapman Tripp
10.35am to 10.50am Morning Tea Break
10.50am to 11.35am Myth and Misunderstandings of Best Practice in Not-For-Profit Governance
An exploration of how not for profits navigate best practice in a complex world. Examine governance issues including:
- Good practice vs best practice vs emergent practice
- Results of the LEAD 2021 research on effective governance
- Which practice is best?
Presented by Sandy Thompson, Director & CEO, LEAD Centre for Not For Profit Governance & Leadership
11.35am to 12.20pm Update on Charity and Not-for-Profit Tax Issues
- Insights and trends from the latest Inland Revenue charity/NFP data
- Charity/NFP tax policy work and developments
- Interplay with the Charities Act regime and review
- Inland Revenue’s latest operational and interpretation items
- Making the most of charity/NFP tax concessions – without running afoul of Inland Revenue
Presented by Stewart Donaldson, Principal Policy Advisor, Inland Revenue and Nick Bland, Senior Associate, Simpson Grierson
12.20pm to 1.05pm Financial Reporting Update
- Overview of Financial reporting regime
- Who has to report
- What they have to report
- Summary of key common issues and challenges in NFP financial reporting
- Overview of changes and new standards coming into force
- Summary of potential up-coming changes in the pipeline
Presented by Henry Mcclintock, Partner, BDO
1.05pm to 1.15pm Closing comments by the Chair
Learning Objectives:
- Receive a critical Update on the Review of the Charities Act
- Reflect on the meaning of ‘Purpose’ and how it applies to your organisation
- Gain a deeper understanding of Best Practice in Not-For-Profit Governance
- Be update on current Tax Issues
- Receive guidance on challenges and changes in Financial Reporting