New resource ~ Tier 3 and 4 Guides
In order to help with the new reporting standards we have recently created a guide for both Tier 3 and Tier 4 charities. We have sent you complimentary copies in the post that we hope will help you or the charities that you work with. Expect these in the next few days.
Benefits and Obligations
We are aware that the introduction of the new standards is a very big change for the sector and for many organisations this reporting is quite complex.
We are also aware that there are many very small organisations on the Charities Register.
Our data shows that about 2500 of registered charities have operating expenses below $1,000 and about 8,000 have operating expenditure under $30,000.
Being a registered charity has certain benefits but also obligations, especially since the new reporting standards were introduced.
Some charities may wish to discuss with their governing group, their funders and their accountants whether the obligations of being registered with Charities Services now outweighs the benefits they receive.
Charities will also need to get in touch with Inland Revenue to discuss whether there will be any tax implications should they choose to deregister.
If charities are considering deregistering there is now an online deregistration form.
Newsletter and Blog
If you haven’t already, please sign up to our newsletter (on the bottom right hand side of our homepage) so we can stay in touch with you about topical issues. The blog is also a great source of information and you can sign up to it here.
We recognise that this is a learning year and we are committed to assisting the sector to understand the requirements of the changes. Please stay in touch – we really welcome your ideas.