Fund accounting – pitfalls and new opportunities

Fund accounting is vital to charity accounting and differs from the way commercial operations are accounted for. Without a firm grasp of the charity’s funds, financial planning and cash flow forecasting is flawed, and where restricted funds are applied incorrectly, this could constitute a serious breach of trust and charity law.

With verifiable CPD hours, webinar will enhance and refresh your knowledge about the different funds accessible to charitable organisations and how trust law influences their utilisation. Esteemed speakers from MHA and legal firm BDB Pitmans will discuss common errors, explore the complex fund-related matters (such as permanent endowments and total return accounting), and discuss the changes introduced by the Charities Acts of 2022. This includes: Charities Act 2022 powers, Borrowing from Permanent Endowments, Practicalities in repayment.

• Brush up on your knowledge on funding accounting and trust law.
• Learn what common fund accounting mistakes to avoid.
• Hear about the permanent endowments and total return accounting.
• Understand how the Charities Act 2022 impacts fund accounting.