RSM New Zealand

Not-for-profit/charitable

We have a significant focus and depth of commitment to the not-for-profit and charitable sector.

Supporting you not-for-profit/charitable organisation's aims is our business.  We understand your sector; acting as auditors or advisors to a significant number of New Zealand charities, trusts, incorporated societies and other not-for-profit membership organisations. 

Our team is local and experienced and utilise a customised audit methodology for not-for-profit and charitable organisations.  Our audit approach places an emphasis on early planning and an understanding of not-for-profit organisations that allows us to tailor our procedures to their specific needs.  The result is an effective independent audit that allows you to identify process improvements and plan more accurately for the future.

In addition, we work with a number of philanthropists and funders of the not-for-profit sector and thus understand, from their perspective, the challenges of allocating funding between competing interests.  

Your charity. Our focus.

We know running a not-for-profit/charitable organisation isn't always straightforward. With so many regulations to follow it can be easy to lose sight of the principle aims of your charity – to help others. When you choose RSM you can be reassured we have all the financial, governance and management knowledge and experience your charity needs, so you can concentrate on what is most important to you and your funders.

Meeting your individual needs

By getting to know our clients, we find the right solutions, whatever you need.

Ensuring your audit adds value

Audits don't have to be onerous and our approach is to assess the size and complexity of your charity before we begin auditing; we aren't interested in just ticking boxes, we want to know what makes our charity clients tick.

Making a difference to how you operate

Other key areas where we can make a difference to your charity include coping with funding changes, identifying your social impact, managing charity tax risks, carrying out independent governance reviews, managing financial difficulties and maximising scarce reserves, finding effective ways to work collaboratively or to merge, and establishing new social enterprises.

Five reasons not to set up an NFP

23 July 2018
As seen in Acuity Magazine.

True To Label

11 July 2018
 

Costs of Administration - How much is too much?

9 March 2018
Increasingly some charities and not-for-profit organisations are becoming concerned about their level of admin costs.  So what is an acceptable level of admin costs?  Is there a magic number or percentage?

Charity vs New Philanthropy

17 October 2017
A recent report on philanthropy focuses the mind on current techniques for giving and making a difference.  This article looks at some of the key findings and implications for funders as well as Charities and NFPs in New Zealand. 

Charity and the language we use…

12 September 2017
What’s in a word or a phrase?  Well sometimes a lot.  Whether we appreciate it or not much of the language we use carries considerable extra weight and meaning due to history, perceptions, and baggage connected with it.   

PBE Accounting Standards Adoption –The good, the bad, and the ugly

29 May 2017
New Zealand is now two years into our new accounting framework for Public Benefit Entities being applicable.  So how has it gone?  What has the experience been to date?  What can we learn from the adoption so far?

Fundraising Magazine - PBE Accounting Standards Adoption

29 May 2017
Fundraising New Zealand magazine has been New Zealand's premiere independent monthly subscriber publication for the not-for-profit sector, and associated support organisations and individuals, since 2002.

Trees that Count | Te Rahi o Tāne

19 April 2017
New Zealanders are being challenged to plant a native tree on Arbor Day 2017 (5 June) to set a record for the most trees ever planted on one day in New Zealand.

Accounting for Heritage Assets - why and how?

29 November 2016
Question: How do you value a church or a museum collection?

External Reporting Board (XRB)

17 October 2016
Important resources you should be aware of are found on the External Reporting Board website - the site for accessing the s

A guide for NFP financial reporting in New Zealand

16 October 2016
Download below the CA ANZ guidance brochure for NFP financial reporting in New Zealand. Guidance for NFP financial reporting in New Zealand

DIA Charities Services

15 October 2016
Important resources to be aware of are found at the DIA Charities Services website. 

A resource page for charities

11 October 2016
Registered Charities We know many Chartered Accountants do a lot of pro-bono and low bono work for charities. This work brings great value to our communities and we fully support this. It is important that you know about the new requirements for charities, and we want to ensure you have the information you need.

A webinar on the new Charity Financial Reporting Standards

9 October 2016
This is a recorded webinar. Once you have registered you will receive a confirmation email containing login details to your purchase. You will have from the date of purchase until the 1st July 2017 to view this session.

Fraud Insights - a series of practical videos to help alert people to fraud risks and techniques

5 October 2016
Instances of fraud are not only becoming more prevalent but are also increasing in complexity. Auditors have a responsibility to remain alert to the prospect of fraud and professional scepticism is crucial.

Auckland Council has community grants now available

4 October 2016
Each Local Board has adopted a grants programme which sets out their priorities for allocating grants to community group applicants. Each regional grant programme has different closing dates.

Congratulations to the New Zealand Paralympians and Paralympics New Zealand!

20 September 2016
RSM heartily congratulates audit client Paralympics New Zealand and the entire New Zealand Paralympics Games team on their incredible results at the Rio 2016 Paralympics. 

Villa Maria wins top three prizes at Bragato Wine Awards

29 August 2016
RSM congratulates Villa Maria on their success taking out the top prizes at the Romeo Bragato Wine Awards. 

2016 Women of Influence awards

24 August 2016
Diversity, particularly in leadership has become a priority internationally.

Mergers and collaborations as strategic solutions for NFPs

23 August 2016
Collaboration, co-ordination, co-operation, efficiency, effectiveness, consolidation, and merging.  These are concepts that have all been tossed around in the Charity and Not for Profit (NFP) sector over many years.  

Case Study | The merger of Alzheimers Auckland and Alzheimers Counties Manukau

23 August 2016
Bonnie Robinson (former General Manager of Alzheimers Auckland and now CEO of Howick Baptist Healthcare) shares her experience and insights from the successful merger of Alzheimers Auckland and Alzheimers Counties Manukau under the “Super City.”  The following case study puts the spotlight on collaborative strategies:

The Tindall Foundation Survey 'Inspiring Generosity'

26 July 2016
The Tindall Foundation is asking for 10 minutes of your time to complete their online survey 'Inspiring Generosity'

Do we have to write a statement of service performance yet?

21 July 2016
Question:  We would be considered a medium to large registered charity.  We are aware of the changes in financial reporting requirements taking effect this year but are confused regarding these new statements of service performance.  Do we have to prepare one this year?  Help!!!

Reporting changes bring opportunity for non-profits

21 July 2016
Cherie Trewevas (Business Partner at BNZ) recently wrote an article which perfectly highlights an important message regarding NFP reporting changes - that these changes will benefit the sector!

How much should we have in cash reserves?

28 June 2016
One of the vexed questions for boards of not-for-profit entities is what level of reserves the entity should hold as operational insurance. 

How much the not-for-profit sector contributes

14 June 2016
Well done to Statistics New Zealand for providing some clarity and visibility around how much our NFP sector in NZ contributes to the economy. NFP Infographic

Special deals for Charities

8 June 2016
What's in a name? Well, possibly quite a lot if that name means your organisation is classified as a charity. 

Key Management Personnel disclosure for charities

1 June 2016
One of the financial reporting changes that now impacts a large proportion of charities is a mandatory requirement to disclose information regarding remuneration of key management personnel.  

Governance | Core functions of a governing body

12 May 2016
Good governance can make or break an organisation.  Or perhaps more commonly; it is a key factor in whether the organisation truly thrives and achieves its purpose, or alternatively just struggles on painfully, producing a mediocre result at best. 

Democracy - Yours to ignore!

27 April 2016
We are incredibly fortunate to live in a beautiful, wealthy, safe, first world country.  We also live in a democracy with an excellent system of law that allows us to participate in civil society.  Every one of us has the ability to have a real say in our country's future - if we choose to exercise that right.

NFPs: Bringing investments to account

21 April 2016
One of the key changes to accounting treatment for many not-for-profit organisations is the change to accounting for investments.  Caught under the rules for financial instruments under PBE standards, for Tier 1 and Tier 2 not-for-profit entities, the rules governing how to account for your investments are now complex. 

Is your charity ready to comply with the new accounting standards?

21 April 2016
Effective 1 April 2016 New Zealand’s charities regulator has a new role – monitoring and checking compliance with the new mandatory financial reporting standards.  So how is the DIA Charities Services likely to approach this? The background to the changes

How to write a great statement of service performance report

7 April 2016
A key part of the new performance reports required of charities and other entities adopting the XRB’s PBE accounting standards is the requirement to present a statement of service performance report.  So how does an organisation write a great one?  Background

Governance 101

5 April 2016
At RSM we love to share good ideas, innovation, and helpful resources. The team at Sport NZ are in our view leaders in providing useful information and educational material to sports organisations. However much of this good information equally translates to valuable resources for the wider NFP/Charitable sector.

Risk in Charities and NFPs

30 March 2016
Risk in any organisation is a big issue, albeit one that gets vastly differing levels of attention in New Zealand charities and Not-For-Profit entities (NFPs).  From a fundraising perspective risk is often just viewed as the potential for loss of funding streams, however it is much more than that.

Charitable Entities raising money from Investors

14 March 2016
Many charities and not-for-profit entities want to explore different forms of funding.  We are also increasingly seeing a blurring of the lines between charitable entities and commercial entities. 

The Purpose of your Incorporated Society - Can it make money? And who can take it home?

16 February 2016
One of the interesting clarifications under the proposed Incorporated Societies Bill relates to money making activities undertaken by societies and member's access to monies or assets of the incorporated society.

Incorporated Societies Bill - Timeline? And do we have to act now?

9 February 2016
As we've highlighted previously the Incorporated Societies Act 1908 is up for an overhaul.  The Ministry of Business, Innovation & Employment (MBIE) released their Exposure Draft of the Incorporated Societies Bill in November 2015.  So what is the timeline from here?

Consolidations – an accounting or a strategic issue?

26 January 2016
We’ve previously advised that consolidations of entities for accounting purposes is likely to be one of the more challenging aspects of complying with the new mandatory accounting standards.  While the accounting concept and mechanics need working through, it is perhaps more important and possibly more beneficial to consider this issu

A Snapshot of the NZ Charities Sector & DIA Charities Services

16 December 2015
If you haven't seen the infographic below, it is well worth a look.  This infographic was pulled together by DIA Charities Services for their AGM this year and provides an interesting summary insight into the sector.

Incorporated Societies Bill - Proposed Accounting & Audit Requirements

14 December 2015
As previously advised the proposed overhaul of our Incorporated Societies legislation has now been released for public consultation in New Zealand.  [Involved in an Incorporated Society?

Giving New Zealand 2014

4 December 2015
New Zealanders are generous.  A new report released 2 December shows that from 2006-2011 New Zealanders doubled their donations to charitable causes, and  from 2011-2014 maintained giving at the same level of $2.788 billion.

Involved in an Incorporated Society?  Big changes coming!

16 November 2015
As we’ve previously advised and written on; a significant overhaul of New Zealand’s Incorporated Societies legislation is currently underway. 

Social Impact Investing

30 October 2015
Is it the new Holy Grail for the charitable/NFP sector?  Or just a theoretical concept and lot of hot air?  We look at this new area of funding in the charitable/NFP sector and some words of wisdom from a recent visiting UK expert and explorer in this area; David Carrington.

Useful Resource for Larger Charities

30 October 2015
If you are involved in a larger charity then the attached link to a suite of Frequently Asked Questions may be of use to you.

Transparency for Charities | A double-edged sword

8 September 2015
A culture of increased transparency – Welcome to the new world for charities.  However this could also be known as ‘the outing of charities in the press.’  Is your charity prepared? Heard about charities in the media lately?

New charity financial reporting and audit requirements | An opportunity for alignment?

20 August 2015
The biggest change in financial reporting in 20 years, and for many charities; the biggest change to their financial reporting ever, has recently been legislated. We look at the opportunities this presents for the entities themselves as well as for funders and stakeholders. Background

Please don't set up a new NFP entity!

10 June 2015
Are there too many entities in our Not for Profit sector?  At over 100,000 for a small country like New Zealand with a population of under 4.5m many people think so.  Yet why is it so common that one hears the discussion about setting up another new legal entity?

Fewer, deeper, longer | A philanthropic funding trend

26 May 2015
Back in early 2013 we wrote an article on an emerging philanthropic funding trend which we called Fewer, Deeper, Longer.  Fast forward to 2015 and this trend is even more applicable with the concept also being picked up by some Government funding agencies. Hence we thought it was worth an update.

Mandatory performance reporting for charities

28 April 2015
Out with annual financial reports and in with the more comprehensive performance reports.  Why this mandatory change for registered charities and what does it mean?

The passion conundrum in the NFP/charitable sector

7 April 2015
Passion is an essential requirement for success. But can there be too much passion? Is passion sometimes actually a handbrake on success?

Are you a New Zealand Incorporated Society?

14 March 2015
New Zealand company legislation has, and is continuing to undergo some quite dramatic changes of late.  The latest changes come in the form of the Companies Amendment Act (No 4) 2014 which introduces a number of new requirements for New Zealand companies. 

Demystifying donee status

6 March 2015
Donee status.  Most people will have heard of this concept in relation to charities.  But scratch the surface a bit deeper and one commonly finds a lack of any further knowledge, and some common misunderstandings.  Hence we thought it would be helpful to provide a summary of some key features of donee status.

I've seen the future | And I like it!

25 January 2015
Over the next few years annual financial reporting is changing for charities and not-for-profit entities in New Zealand. This means different requirements, and given that change is generally painful at first; will it be worth it? And what result can we expect for most?

Risk in charities and Not-For-Profits

14 January 2015
Risk in any organisation is a big issue, albeit one that gets vastly differing levels of attention in New Zealand charities and Not-For-Profit entities (NFPs). From a fundraising perspective risk is often just viewed as the potential for loss of funding streams, however it is much more than that.