About
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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: Governance Group, Secretariat, Advisors and Champions
Governance
Find out how IFR4NPO and INPAG are governed.
Funding
Who has funded the project so far? What’s the budget? What funding opportunities are there?
Contribute
Please get in touch here to explore funding and sponsorship opportunities.
INPAG
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Exposure Draft 3
INPAG Exposure Draft 3 will be open for public comment on 28 May 2024.
Exposure Draft 2
INPAG Exposure Draft 2 was open for public comment until 15 March 2024.
Exposure Draft 1
The first Exposure Draft of INPAG was open for public comments until 31 March 2023
Consultation Paper
View the Consultation Paper and the responses received
Have your say
Your opportunity to shape the future of financial reporting for non-profit organisations.
TAG Meetings
Technical Advisory Group meetings.
PAG Meetings
Practitioner Advisory Group meetings.
Community
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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.
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
International Non-Profit Accounting Guidance (INPAG) needs to be relevant to the needs of stakeholders in different jurisdictions around the world.
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
It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Grant Agreement Clauses Working Group
It consists of grantmakers, including bilateral and multilateral agencies as well as foundations and trusts.
Events, News and Blogs
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Latest News
Events
Blogs
Resources
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Accounting and Reporting 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.
Non-English Resources
The IFR4NPO project aims to provide more content and resources in French, Spanish and Arabic to support greater engagement
FAQs
Frequently asked questions.
Reference Materials
Access a library of reference materials that have informed the development of the project.
Glossary
Glossary of terms.

Dear Stakeholders,

Welcome to this month’s edition, where we spotlight selected feedback to ‘Exposure Draft 1’ from a diverse range of respondents. Do the issues they mention resonate with you – do you see your views reflected? IFR4NPO is such an ambitious, long-term project – and it looked so impossibly daunting when we started! Our picture book reflection “The Journey So Far” has further encouraged me to look ahead with confidence and hope. As we prepare for Exposure Draft 2, we are grateful for the contributions to our recent Focus Groups Discussions. This month we also celebrate our wonderful community on LinkedIn, and welcome new champions and advisors from Venezuela, Indonesia, and Kenya. Read on!
We appreciate those who alerted us to a broken link in last month’s newsletter. This was clearly a topic of interest, so in this edition, we have re-featured the section titled “Possible Path to Harmonisation of Donor Reporting.” Thank you for your feedback!

Focus Group Discussions

Focus Group ED2

We have held four focus group discussions this month – seeking the views of invited stakeholders from diverse groups and regions. These have been invaluable to test ideas, get examples, and shape our thinking as we develop Exposure Draft 2. The focus groups covered 4 topics as shown in the graphic below, with input from people in 25 countries.

Introducing new community members

We are thrilled to announce the appointments of Ersa Tri Wahyuni as Country Champion for Indonesia and Clondy Garcia as Deputy Country Champion for Venezuela. The Technical Advisory Group were also delighted to welcome Catherine Asemeit, following her nomination by the Institutes of Certified Public Accountants of East Africa. These appointments further strengthen our commitment to promoting the development of equitable and accountable financial reporting practices for non-profit organisations.

Spotlight: Your Voice Matters

We were delighted to receive responses to International Non-Profit Accounting Guidance Exposure Draft 1, from organisations as diverse as The World Bank, Financial Reporting Council Bangladesh, The Ford Foundation Brazil office, and Mengo Hospital Uganda. From the 67 responses received, we have commenced a series on LinkedIn to spotlight selected submissions. So far, we have featured summary responses from AABE (Accounting and Auditing Board of Ethiopia), ACCA (Association of Chartered Certified Accountants), Empacta, PKF Kenya, So W!se Africa, Financial Reporting Council Bangladesh and Humentum.

As you read their comments, please do react, comment and re-post – whether you agree or not. Rich debate will help us chart the best course!

Reflecting on Our Progress

After completing INPAG Exposure Draft 1, we looked back at the incredible story of IFR4NPO since 2014. To showcase our milestones, we have created “The Journey So Far,” a picture book. Your dedication and collaboration have played a vital role in this success. Thank you for sharing our vision and joining us on this journey.

Are you following us on LinkedIn?

Here are three great reasons to join the 4,000 followers on our LinkedIn page!

1. Networking Opportunities: Connect with like-minded individuals who share a passion for non-profit financial reporting. Engage with professionals, experts, practitioners and thought-leaders in the field, forging new connections and fostering collaborative partnerships.

2. Engaging Content: Access in-depth articles, and informative posts on sector trends and best practices. Participate in discussions, ask questions, and share your valuable insights.

3. Bite sized chunks: Find out about new developments, announcements, and resources. Stay informed about upcoming events, and webinars. All in digestible posts that don’t eat into your day.

Visit our official LinkedIn page and click “Follow” to join our community. Engage with our content by liking, commenting, and sharing posts to contribute to the ongoing conversation.

Possible path to harmonisation of donor reporting? (Re-featured)

In September 2022, the project convened a working group to explore options for a standard format ‘Supplementary Statement’ that would cover specified activities such as for a particular grant or project. The proposals were presented to the Donor Reference Group (DRG), the Practitioner Advisory Group (PAG) and most recently to the Technical Advisory Group (TAG) in March. You can view the proposals and challenges discussed here.

Download discussion paper.

Advisory Group Meetings

On 18 May 2023, the Technical Advisory Group showed their dedication by meeting for 3 hours at all times of the day and night! You can check out the papers and recording here.

PICTURE

In the coming days, the Practitioner Advisory Group and Donor Reference Group will also be meeting. We are delighted that Open Society Foundations have recently joined the Donor Reference Group.

• The Donor Reference Group meeting – 25 May 2023
• Practitioner Advisory Group (PAG) meeting – 07 June 2023

Humentum Blog - NPO financial sustainability

Readers of NPO (Non-Profit Organisation) financial statements are often interested to understand more about an organisation’s financial sustainability. Humentum recently hosted a webinar on the topic to share perspectives and real-life experiences from across the sector, moderated by Humentum’s CEO, Christine Sow. The highlights are brought out in this blog.

 

 

Thanks for taking the time to read our newsletter – I’d love to hear your comments or reactions.Please follow us on LinkedIn, Twitter and YouTube to stay connected.. If you received this newsletter from someone else, please subscribe to stay in touch.

I look forward to connecting with you next month!

– Samantha Musoke, IFR4NPO Project Director, Humentum

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