It is getting close to the end of financial year for Methodist entities. The Methodist Conference in 2014 endorsed the early adoption of Tier 3 and 4 reporting standards as issued by the External Reporting Board which has become compulsory for all financial years commencing 1 April 2015.
It is important that all Methodist entities know if they should be reporting under Tier 3 or 4 and if so be making plans to comply with the new financial reporting standards.
Charities Services, External reporting Board, this Blog site (along with others) are sources of information. Peter van Hout, Financial Services Manager of the Board of Administration will be running workshops in person and online on how to complete the templates and comply with these new standards.