With the development of the new international non-profit accounting guidance (INPAG) now well underway, this webinar will recap the work completed so far, update you on its progress and look at how these developments could affect UK charity accounting in the future.
The UK Charities SORP remains one of the leading accounting frameworks for NPO reporting but once it is launched the new INPAG framework will offer the first globally developed accounting solution for non-profits. The IFR4NPO initiative will set a new global benchmark for guiding non-profit organisations (NPOs) in how to prepare their financial reporting and accounts. Although it shares some of the same underpinnings as the SORP- the IFRS for SMEs- it will have been developed wholly by the non-profit sector, whereas the SORP’s role is to guide charities in applying UK-Irish GAAP which is designed principally with for-profits entities in mind.
In this update on the IFR4NPO project, find out what you need to know about the second Exposure Draft - its implications for charities operating internationally and its potential to affect the future of UK-Irish GAAP and the Charities SORPs post 2025 - and learn how to get involved in the development of INPAG.
Samantha Musoke ACA, Project Director IFR4NPO, HumentumSamantha is a passionate UK Chartered Accountant (ACA) and CPA(U) with 20+ years post qualification experience in the non-profit sector in Uganda, as auditor, consultant, trainer, advisor, CFO and Board member. Previous roles include auditing with Mazars and Carr Stanyer Sims; training delivery, training of trainers and training design with Humentum (formerly Mango); financial consultancy with Aclaim Africa Ltd for a variety of NPO clients, Grant Management Advisor for VSO Uganda, CFO for Child’s i Foundation, Board Treasurer of two schools and Regional Director East Africa for Humentum.
Nigel Davies, FCCA DChA, Member of the Practitioner Advisory Group, IFR4NPONigel is a Chartered Certified Accountant with over twenty years’ experience in the charity sector. He is a member of the IFR4NPO Practitioner Advisory Group, Healthcare Financial Management Association’s NHS Charity Finance Group, and a trustee of the Association of Church Accountants and Treasurers (ACAT). He has published a number of discussion papers on topical accountancy issues with ACCA and is a member of ACCA’s Charity Trustees Panel. Prior to taking up part-time consultancy in March 2022, Nigel was Assistant Director, Accountancy Services, at the Charity Commission for England and Wales and Joint Chair of the UK-Ireland Charities SORP Committee (2014-2022) and co-author of the Charities Statement of Recommended Practice (FRS 102).
Kristina Kopic FCA DChA, Head of Charity and Voluntary Sector, ICAEWKristina is a Chartered Accountant who has worked in and for the Not-for-Profit sector for over 15 years. Kristina trained at charity specialists Sayer Vincent and subsequently worked in finance roles at the Royal College of Nursing, Imperial College London and the Sainsbury Family Charitable Trusts. Kristina holds charity-specific qualifications in accountancy, law and governance and a Master in Voluntary Sector Management from Bayes Business School (formerly Cass). In her spare time, she is a charity trustee and treasurer.
ICAEW CPD regulations are changing. From 1 November 2023, members and other professionals regulated by ICAEW will need to complete a minimum number of hours' CPD per year, some of which will need to be verifiable. Attending events like this could contribute to one hour of CPD, so long as you can demonstrate that the content is relevant to your role.
ICAEW members and non-members are welcome to join. This event is organised by the Charity Community. Please click here to join online.
Should you experience any difficulties booking onto the event, please go to our events support page - how to book.
The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
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