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Will You Need Assistance at the end of the Financial Year in 2017?

The Accountants within the office of the Board of Administration of the Methodist Church of New Zealand are in the process of planning and allocating work during July, August and September 2017.

You will appreciate that it is a busy time and they are wanting to plan their time so that they meet the time frames, for not only the regular Parishes they provide accounts to, but also Parishes that require assistance with their annual accounts.

In an endeavor to plan this work load, could you indicate to Peter van Hout (peterv@methodist.org.nz) if there is a strong likelihood that the Parish will require us to assist them in completing their annual accounts to 30 June 2017.  Could you let Peter know by Friday 5 May 2017 by sending him an email.

Thanks.

Treasurers Workshop – Date and Time Confirmations

Treasurers Workshop

409 Great South Road, Auckland

Sunday 5 March 2017

Monday 6 March 2017

We have finalised the days and times of the workshops based on feedback received and this is the programme we envisage running on these two days.

Session 1 – Sunday 5 March 2017 – 2.00pm to 5.00pm

  • Advanced Topics on Xero and Financial Reporting at End of Year plus questions and answers

Session 2 – Monday 6 March 2017 – 9.00am to 11.00am

  • Beginner Topics on Xero, Management Reporting and Financial Reporting at Year End plus questions and answers

Session 3 – Monday 6 March 2017 – 1.00pm to 4.00pm

  • Advanced Topics on Xero and Financial Reporting at End of Year plus questions and answers

We would appreciate people wanting to attend to one of the sessions to let us know which session they wish to attend by e-mailing either peterv@methodist.org.nz or saraha@methodist.org.nz by 24 February 2017.

Please let us know of any questions or topics you would like to address at any of the sessions. We will send out a detailed agenda before the date of the workshop.

We are looking at having workshops in Christchurch and Wellington later in the year but do not have any dates yet.

While the cost of attending the workshops are free, the Board of Administration is not in a position to cover attendee’s accommodation and travel costs.  If this is an issue for some attendees, please talk to your parish or synod.

Car parking at 409 is limited.  While parking on Sunday should not be an issue, Monday car parking may be limited as staff and tenants will be in the office.

Tea, coffee and water will be made available.

Treasurers Workshop in Auckland

The Connexional Office are looking at providing some Treasurer training which will include question and answer sessions in Auckland in either February or March of this year.  The timing and number of sessions (and their length) will depend upon demand and what material you wish to cover.  Our thinking at the moment is to hold the training sessions on Monday 27 February and, if necessary Tuesday 28 February but these dates are not set in stone.

We would travel to Auckland and stay for two days so could run sessions in the afternoon of one day, the evening and the following morning or some combination.

We will be focusing the training on Xero (beginner, intermediate and advanced), financial reporting as well as general “treasurer” type topics but other topics can be added, if needed.

To start with, we would like to know whether you would be interesting in attending a session and what topics of a general and specific nature you would like to know about.  As a starting point, here is a list of what we have come up with.

  • Who and What are related party transactions and how should I show them in my financial statements?
  • What is a “commitment” for the purposes of financial statements at the end of the year?
  • Do we need to put into our annual accounts?
  • Who can audit and review our annual accounts?

It would be helpful for our planning if you could let us know if you would be interested in attending one (or more) of the sessions listed below

  • Xero – beginner session for those who do not currently use Xero
  • Xero – intermediate session for those who have been using Xero for up to a year
  • Xero – advanced session for those who have been using Xero for more than a year
  • Year-end financial reporting
  • Question & answer session

Please e-mail Peter (peterv@methodist.org.nz) or Sarah (saraha@methodist.org.nz) by 2 February 2017. We will confirm early February the dates, session times and agenda in the following week.

Minimum wage to Increase

The minimum wage will increase by 50 cents to $15.25 an hour on 1 April 2016, Workplace Relations and Safety Minister Michael Woodhouse announced today.
“The Government has once again taken care to ensure the right balance has been struck between protecting our lowest paid workers, and ensuring jobs are not lost,” says Mr Woodhouse.
“An increase to $15.25 per hour will directly benefit approximately 152,700 workers and will increase wages throughout the economy by $75 million per year.
“With annual inflation currently at 0.1 per cent, an increase to the minimum wage by 3.4 per cent gives our lowest paid workers more money in their pocket, without imposing undue pressure on businesses or hindering job growth.
“The Government has increased the minimum wage every year since coming to office, from $12 to $15.25. This is an overall increase of 27% compared to inflation of around 11%.
“Our steady increases to the minimum wage reflect the Government’s commitment to growing the economy, boosting incomes and supporting jobs.”

GST System

We have a small problem with the GST System at present.  It will not accept the year 2016.  I have tried to fix the problem myself but can not.  The people who help support the GST system are back on Monday so we will ask them to attend to it then.  We will let you know when it is working again.

Xero Charges – 1 December 2015

Xero have advised us that their monthly fees will increase from 1 December 2015.

The retail cost of Xero have gone from $50.00 to $55.00 per month, plus GST.

As we receive a discount from Xero we have been able to minimise the increase to entities that do not report directly to the Conference of the Methodist Church.

As from 1 December 2015 the cost of Xero will increase from $40.00 plus GST ($46.00 inclusive of GST) to $43.48 plus GST ($50.00 per month inclusive of GST). Direct debits will be made with the amounts in December.

For entities within the Methodist Church that report directly to the Conference, the Board of Administration will continue to pay the cost of Xero.

Peter van Hout

5 November 2015