# Charities get accounting help

- Link: https://fundraising.co.uk/2011/10/20/charities-get-accounting-help/
- Published: 2011-10-20T17:52:50+01:00
- Author: Howard Lake

20th October 2011

**42 delegates attended the ‘Charitable accounting’ event run by the Chartered Institute
of Management Accountants in Maidstone earlier this month.**

![CIMA Chartered Institute of Management Accountants](https://www.fundraising.co.
uk/files/images/newswire/CIMA logo.jpg)

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**Roger Ong** FIFS MInstFis, senior manager with The Charity Bank Ltd with responsibility
for third party relationships including trusts, foundations, funders, local authorities
and government departments and chair of the Community Development Finance Association,
spoke to the delegates on the key areas accountants should know about when it comes
to charities such as:

 * restricted, unrestricted and designated funding and how this is treated
 * potential clawback from government, local authority and EU funding schemes
 * the importance of measuring outcomes and deliverables and their impact on the
   ability to draw down funding under contracts
 * payments in arrears and the impact on working capital requirements the importance
   of the public benefit test
 * legal structures – CIC, social enterprises, industrial and provident societies
   and trading arms of charities.

**Stephanie Clackworthy**, CIMA’s Regional Chairman for the South East of England,
said, “Chartered Management Accountants operate in all areas of organisations with
a commercial and forward looking focus. Management accountants operate in financial
and non-financial roles throughout organisations and use their training and experience
requirements within organisation itself, providing them with a unique insight into
how they operate.”

– Ends –

For press enquiries or to set up an interview please contact:

Shirley-Ann Hickman

CIMA UK Regional PR

+44 (0) 7786 018797

CI*******@********al.com

Notes to Editors

1. The Chartered Institute of Management Accountants, founded in 1919, is the world’s
leading and largest professional body of Management Accountants, with 183,000 members
and students operating in 168 countries, working at the heart of business. CIMA 
members and students work in industry, commerce, the public sector and not-for-profit
organisations. CIMA works closely with employers and sponsors leading-edge research,
constantly updating its qualification, professional experience requirements and 
continuing professional development to ensure it remains the employers’ choice when
recruiting financially-trained business leaders.

Professionalism and ethics are at the core of CIMA’s activities with every member
and student bound by rigorous standards so that integrity, expertise and vision 
are brought together.

CIMA is proud to be the first professional accounting body to offer a truly global
product in the fast-moving area of Islamic Finance.

For more information about CIMA, please visit www.cimaglobal.com

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