Accounting for Charities
Charities have different financial statements, different laws governing them, and different aims and mission statements. This course demystifies the accounts of charities and ensures you are equipped to deal with the rules and regulations that apply.
€175 +VAT
Accounting for Charities
€175 +VAT
365 days’ access
Accounting for Charities
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Get to grips with the vast and complex rules and regulations governing charities.
- Prepare a statement of financial activities, a balance sheet and cash flow statement.
- Understand the difference between the role of the independent examiner and the auditor, and how independent examinations work.
- Deal with dually registered charities.
- Remain within the law when dealing with clients that are, potentially, breaking them, and report on matters of material significance.
About the course
Regular company accounts and charity accounts are very different. They have different financial statements and different laws governing them. Accounting and audit issues in charities are complex and have become increasingly specialised in recent years.
This course demystifies the accounts of charities and ensures you are equipped to deal with the rules and regulations that apply. It gives an overview of charity reporting and highlights some of the pitfalls to avoid when preparing and approving charity financial statements.
This course only covers UK financial statements
Contents
Module 1: Charity law, reporting frameworks and independent examinations
Explore the legal and regulatory framework governing charities, including the Charities Act 2022 and the financial reporting requirements for charitable organisations. Understand the rules surrounding independent examinations across the UK, including when an examination is required and how an independent examiner is appointed.
Module 2: Preparing charity financial statements
Understand the financial reporting requirements for charities under the Charities SORP (FRS 102). Explore how to prepare and present a Statement of Financial Activities (SoFA), balance sheet and cash flow statement, including the principles of fund accounting and the presentation of charity accounts.
Module 3: The roles of charity auditors and independent examiners
Explore the different responsibilities of independent examiners and auditors, and the distinction between an independent examination and a statutory audit. Understand the requirements across England and Wales, Scotland and Northern Ireland, including examination procedures, audit responsibilities and reporting obligations.
Module 4: Dual registration, anti-money laundering and reporting obligations
Examine more complex issues affecting charities, including dual registration across UK jurisdictions and anti-money laundering responsibilities. Explore the requirements for reporting matters of material significance, handling potential legal or regulatory breaches, obtaining specialist advice and managing resignation from a charity engagement.
Author
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA”s Practice Network Panel.
20 reviews for Accounting for Charities
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Christine Holland –
Good introduction to charity accounting highlighting the complexities to look out for
Emma Moore –
It was useful
Katia Berdnikova –
Thank you
Val Kastrati –
excellent content and easy navigating through the course
Gail Steers –
Really useful content
Paul Camp –
Didn’t give a 5 as a bit light on content
Suzanne Pritchard –
Very interesting and helpful, but there were a couple of typos that should have been picked up as they changed the meaning – one question asked ‘which countries’ but the answer was a single country
Georgia Wilderink –
I feel that not a lot goes into the actual accounting for charities – more focussed on the auditing of charities. What would each ‘income’ stream or activity be seen as etc?
Monica Muchena –
Very good and informative course. I learnt quite a lot of new things which I did not know about charity accounting, registration and external scrutiny.
Chamberlain Chitagu –
Eye opening and informative
Sathasivam Yoganathan –
Very useful course covering all aspects
Juliet Mercer –
Elaine Curtis –
My only issue was that it related to UK legislation and I am in the republic of Ireland so although most parts similar I would have like parts under Irish legislation
Rebecca Dawson –
Its very focused on Practice accounting I wish there was course more focused on accountants working in Proctice but overally it gave me a good basis.
Andrea Okos –
It is a good basic training of charity accounting.
Vasilis Vasiliou –
Accounting for Charities is an excellent course. Would recommend this 100% to anyone preparing or reviewing charity accounts.
Lakshmi Samarakoon –
A really great refresher course for those who already work in or know about charity accounting
Eric Hewitt –
Helpful overview
Amy Fallowfield –
Lots of useful information. I would say it is more geared towards people working in practice. Some more information on the practical application of SORP would be helpful for accountants working within charities.
Raheel Hasan –
I think the course covered sufficient information needed