Charity News: Issues arising from the Ukraine crisis

Charity News: Issues arising from the Ukraine crisis
Charity News: 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: War in Ukraine: the corporate reporting implications

Our full Charity Newsletter can be found here.

For more information on our charity services please visit our website or contact Frank Harling on 01932 830664 or charities@wardwilliams.co.uk

About the author

Frank manages a portfolio of both audit and non-audit clients in a range of different sectors and industries, as well as assisting with the running of the corporate services department. He has extensive experience of providing Audit, Accounts preparation, Corporation Tax, VAT, CIS and Payroll. Frank also holds a solid experience with regards accounting and audit in a number of specialist areas, including charities, solicitors and pension schemes.

frank.harling@wardwilliams.co.uk

01895 236335