New Forest

03/05/2022

Issues arising from the Ukraine crisis

Preparers of charity accounts need to be aware of how the Ukraine crisis could affect their reporting. The ICAEW has published guidance on the key issues that should be considered, which although not written with charities specifically in mind may be of use for those currently preparing accounts for charities that have been affected by the conflict.

Areas to focus on include the impairment of assets, disclosure of post balance sheet events and the need for adequate narrative reporting, which for a charity could include the need to explain in the trustees’ report how the conflict has impacted on the activities undertaken by the charity, the implications for its financial position and how future plans have been affected.

Guidance: https://bit.ly/3thN25L

Latest Tweets

The 130% super-deduction for investment in plant and machinery was introduced in the March 2021 Budget, to encourage capital expenditure.

read more here 👉 https://bit.ly/3Hbni0l

#economics #accounting

Director Michaela attended the first Executive Association Solent Lunch of 2023 last week and met up with their Chairman, Matthew Smith. It was good to attend the first meeting of the year, meet other delegates and hear from Adam Kiddell, Founder of the Dorset Concierge.

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.