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About
An initiative to develop the world’s first internationally applicable financial reporting guidance for non-profit-organisations.
IFR4NPO Team
Meet the IFR4NPO Team: Steering Group, Secretariat, Advisors and Champions
Project Governance
The project is governed by a Steering Group.
Project Updates
The IFR4NPO project aims to model good practice in transparency and accountability.
Funding
Who could fund the IFR4NPO project, why and how?
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Please get in touch here to explore funding and sponsorship opportunities.
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Accounting Issues
There are a number of sector specific accounting issues for non-profit organisations.
Financial Statements
See example NPO financial statements from around the world.
Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.
FAQs
Frequently asked questions.
Community
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Country Champions
The project's Country Champions engage influential stakeholders so that they contribute to the development process, and gain confidence to adopt or align to it.
Technical Advisory Group (TAG)
The TAG provides advice on the development of the guidance from a technical standard setting perspective.
Practitioner Advisory Group (PAG)
The PAG provides advice on the development of the guidance from a practitioner perspective.
Around The World
The project's regions and focus countries have been identified to effectively target resources and engagement efforts.
Global Ambassadors
The project's Global Ambassadors seek support for the project objectives across their networks, provide feedback on key issues and promote the use of the Guidance.
Donor Reference Group
A Donor Reference Group is being established to be chaired by Humentum. It will consist of grant makers, including bilateral and multi lateral agencies, as well as trusts and foundations.
Supporters
This initiative is for the sector by the sector and wouldn’t be possible without the support and financial backing of stakeholders from around the globe.
Guidance Development
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TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
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Project Updates

The IFR4NPO project aims to model good practice in transparency and accountability.

Our focus

Since the IFR4NPO initiative was launched in July 2019, our focus has been on establishing the project’s credibility, engaging with diverse stakeholders internationally, and developing technical content for the Consultation Paper, with input from our Advisory Groups. With a view to long term sustainability, the project was also keen to establish appropriate governance structures in the form of a Steering Group.

Our achievements to March 2020

The project has made a very strong start, securing support and engagement from senior leaders in the accounting community, as well as non-profit organisations, donors and auditors from around the world. We are well set to meet our first major milestone, which is the launch of the Consultation Paper, in 2021.

Expenditure to 31 March 2020 totalled $359,752.

Technical

Established the Technical Advisory Group (TAG), with national standard setters from every continent, and an official observer from the International Accounting Standards Board.

Held TAG meetings: one 2-day meeting in London in October, and six online.

Produced first draft of Consultation Paper Part 1, and technical papers on 9 specific accounting issues.

Stakeholder Engagement

Established the Practitioner Advisory Group (PAG) with members from 12 countries representing a range of stakeholders: NPOs, donors, auditors, academics and others.

Held PAG meetings: one 2-day meeting in Nairobi in Dec 19, and one online.

362 project sign ups from 77 countries.

Appointed 9 Country Champions to spearhead engagement in their countries.

Developed a project website, brand and social media accounts.

Published 4 newsletters and 7 articles.

Presented at 3 conferences, and delivered one webinar.

Governance

Established a Steering Group, with the first meeting on 1 May 2020.

Secured funding for the Consultation Paper phase of the project.

Managed risks and adaptations associated with COVID-19 pandemic.

Funding sources

The project has so far secured $1 million in grant funding, being $500,00 each from the Open Society Foundations and the Ford Foundation. We are grateful that they shared and supported our vision for a stronger and more accountable and resilient sector. The full 5 year project budget is forecast at $4.5 million.

IFR4NPO also recognised $58,804 in donations-in-kind, being 110 days (valued at $400) of technical professional time given in the Advisory Groups, and $14,804 in travel related costs to attend Advisory Group meetings.

Donations-in-kind

  • AASB (Australia)
  • AcSB (Canada)
  • Aston University (UK)
  • Baker Tilly (UK)
  • Crowe LLP (UK)
  • FASB (USA)
  • The Ford Foundation (South Africa)
  • FRC (UK)
  • IASB (UK)
  • ICPAR (Rwanda)
  • John Snow Inc (South Africa)
  • KPMG (Switzerland)
  • MASB (Malaysia)
  • NZASB (New Zealand)
  • PAFA (South Africa)
  • PwC (Austria)
  • SMS Accounting Services (Colombia)
  • USAID (USA)
  • ICASL (Sierra Leone)
  • African Academy of Sciences (Kenya)
  • MINPAKU (Japan)
  • CGIAR (France)
  • Avkaash (India)
  • Mercy Corps (Jordan)
  • Philip McMinn Mitchell (Switzerland)

Project reports

See the IFR4NPO Project report to December 2019 here

Project report
ResourcesAccounting IssuesFinancial Statements
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