The following high-level guidance has been provided to assist your organisation comply with the new financial reporting standards for Charities. Entities must comply with this framework for periods starting on or after 1 April 2015.
To understand how this may impact you read the Conversion guidance below to find which tier your organisation is under and then read the information on the relevant tier. Illustrative financial statements and guidance on revenue and consolidations have been provided under each section where applicable.
Please see your accounting advisor for further information.
Tier 2 (PBE IPSAS RDR)
Tier 3 (Simple format – Accrual)
Tier 4 (Simple format – Cash)
Charities Services also has some helpful information which can be found here.