Just a note to remind you that the annual parish statistics information can be completed online through the GST System. The person who would normally file the monthly GST information will have the user name and password. Information on this has already been sent out.
If you require a paper based form then ask Wendy Kier for one and she will send you are copy. The completed M2 Form is due to be with Wendy by Friday 18 August 2017.
The instructions on now to complete your Parish Statistics (M2Form) online are now available. Follow this link..
Use of Online M2 Form – Parish Statistics July 2017
Christine has started up a checklist for people when they are preparing their end of year financial statements for the Church. Click on the link below.
If you have anything to add to the checklist, we would welcome your feedback to either Peter or Christine in the Connexional Office.
Finalising Transactions for the Year End
The Tier 3 PBE reporting standard (PBE SFR-A (NFP))has provisions for depreciation on what is commonly known as property, plant and equipment. There is also an Explanatory Guide A5 (EG A5) that includes some helpful information relating to how to complete the optional template for Tier 3 reporting entities.
The attached document includes an explanation on the components of depreciation that relate to buildings using the cost method and determines that depreciation for buildings with long useful lives may need to be 0%.
If you need any further assistance, please let Peter van Hout know.
Depreciation for Tier 3 Using the Cost Model June 2017
Board of Administration – 50 Langdons Road
Saturday 10 June 2017
We have finalised the date and times of a Christchurch based workshops.
Session 1 – Saturday 10 June 2017 – 9.00am to 11.00am
- Beginner Topics on Xero, Management Reporting and Financial Reporting at Year End plus questions and answers
Session 2 – Saturday 10 June 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 firstname.lastname@example.org or email@example.com by 30 April 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.
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 Langdons Road should not be an issue. There is parking in the front of the building, in behind the building and also on the Road. Access into the building will only be via the front entrance. The back entrance will be locked and secure.
We are also looking at using Microsoft Skype to live broadcast the workshops for those who are interested but cannot attend. More on that later.
Tea, coffee and water will be made available.
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 (firstname.lastname@example.org) 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.
Charities Services is kicking off its Lunchtime Webinar Series with an introduction to the Statement of Service Performance on 13 April 2017 at 12.00pm. IT IS FREE.
The Statement of Service Performance is a non-financial statement required under the new financial reporting standards and it’s important that you know how to use it well. In this webinar we will explain:
- how to make the Statement of Service Performance work for your charity;
- what outputs and outcomes are; and
- how you can use the Statement of Service Performance to celebrate your charity’s successes.
What’s a webinar and how does it work?
A webinar is a seminar or presentation that is delivered online.
You can participate in these sessions from your computer or any mobile device (smart phone or tablet) and it’s free. You just need a reliable internet connection. We also recommend using the internet browser Google Chrome.
All webinars start at 12.00pm and run for approximately 1 hour, unless specified.
We will be talking for around 30 minutes and at the end of the presentation, we will answer some of your questions. The final webinar will be published on our website and can be viewed any time.
Date: 13 April 2017
Time: 12.00pm – 1.00pm
Location: Anywhere with a reliable internet connection
We are aware, that historically Parishes, have setup new bank accounts for specific projects. With the increased use of Bank of New Zealand (BNZ) internet banking and the Xero accounting software, we are encouraging Parishes to consolidate the number of bank accounts held. The Connexional Office does not believe that Parishes require multiple bank accounts to administer their funds and it will make the Cash Flow Statements and Tier 4 Statement of Receipts and Payments a little less time consuming.
If funds are to be set aside for a specific purpose or project, we recommend the setting up of a Methodist Trust Association deposit rather than an individual or new bank account. This ensures the Parish has the funds kept separate from the general Parish bank account and interest is earned on the deposit.
For Parishes who do not use BNZ internet banking (that the BNZ offers at no cost to the Parish), this facility allows you to make electronic payments, download bank transactions, print out bank statements if need be and check account balance information at any time. The internet banking rules comply with the Methodist Church signatory requirements, which is two authorised people must authorise any payment from the bank account. If you would like to utilise this facility, please contact Sarah Andrews (e-mail email@example.com) for further information. The BNZ will waive the usual monthly fee if the completed form is sent from the Connexional Office.