Community Networks Aotearoa / Inclusive NZ The changing environment in the community sector Brayden Smith
Introduction Unprecedented amount of change Challenges facing the sector How is the sector responding The evolution of financial reporting This is a highly interactive session, so please feel free to contribute Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… There are over 27,500 registered charities in NZ operating within the NFP sector …and an indeterminable number of other incorporated entities Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… But lets not forget… Pressure makes diamonds Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Some are embracing the change… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Others are being unwillingly dragged along… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Unfortunately not everyone will survive… …and that's a good thing… …and a terrible thing!!! Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… The signs are everywhere… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… The undeniable truths: Funding is getting harder to secure Funders expect more and better outcomes for their funding dollar Efficient and effective organisations are winning the funding race… Others are being left behind… Niche organisations in particular are struggling Consolidation is an inevitable outcome (for some) The sector is corporatising (slowly but surely) Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Organisations must give some thought to… Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
The Not-for-Profit Sector as it stands… Keys to standing out from the crowd: Differentiation Dynamic Innovative Partner/collaborate with others Demonstrate the need Tell your story Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Financial Reporting Changes Financial reporting world is a crowded space New four tier framework implemented Aimed at simplification, but sometimes you get the opposite Significant majority of NFP entities are reporting under the Simple Format Accrual or Cash Regiemes Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Financial Reporting Changes What are the issues: Not all funders understand changes (yet) Funders preference for audit opinions Compliance with new standards currently low CA Firms are the worst offenders Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Financial Reporting Changes It's no coincidence that financial reporting formats are prescribed (and restrictive) Data analytics / Data mining is inevitable Funders will use data to determine who is efficient and effective Funders will use this information in making funding decisions SSP documents are of mixed quality (skewed towards low) Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Tips on How to Prepare a Good Statement of Service Performance No minimum (or maximum) numbers of outputs or outcomes. Use what is most relevant for you Information is non-financial and supplements the financial information Focus on what you achieve (e.g. how many people you reached / how many times you carried out an activity) Some outputs just aren’t quantifiable (but you can still describe it) Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Tips on How to Prepare a Good Statement of Service Performance Outcomes are forward looking, i.e. what are you trying to achieve, not what have you done Charities Services isn’t judging your performance as a charity by what you put in the SSP (yet) Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Closing Remarks Unprecedented amount of change Significant challenges facing the sector Some level of evolution will be required Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET
Questions
Disclaimer This presentation is not a comprehensive analysis of the subject matters covered and may include proposed guidance that is subject to change before it is issued in final form. All relevant facts and circumstances, including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply with matters addressed in this presentation. The views and interpretations expressed in the presentation are those of the presenter and the presentation is not intended to provide accounting or other advice or guidance with respect to the matters covered. Purpose Achieving best results when creating PowerPoint presentations Focusing on Grant Thornton rules, creating more professional and flexible slides To cover a range of everyday top tips for PowerPoint There will be a small task at the end of the session for everyone to complete All information in this presentation is included in the handout (Note handout should be given to all participants at the end of the presentation) There is also a guide to getting started in PowerPoint available on GTINET