June 2025 - Not-For-Profit Newsletter
Welcome to the First Edition of the Tael NFP Newsletter!
We’re excited to launch this new NFP newsletter, which is a dedicated newsletter created especially for the not-for-profit organisations we work alongside. This space is designed to provide you guidance, keep you informed and connected with the useful guides, blogs, and insights from across the sector.
We know how important your work is, and we’re here to support you every step of the way. Whether you're a grassroots initiative or a national organisation, this newsletter is your space to stay connected and informed.
Thank you for the incredible work you do — we look forward to growing stronger together.
Don't hesitate to get in touch if you have any queries.
Getting Ready for 30 June End of Financial Year
We are less than a month away from the end of the financial year for those organisations with a 30 June balance date, and we recommend that you start getting yourself organised early.
We have put together for you a comprehensive guide on some important steps to consider on the lead up to the end of the year, even if you are not a 30 June year end, this guide will give you the steps you need to get ready for the end of financial year.
Grant Procedure & Policy
We have created an easy-to-use procedure to ensure grants are easy to reconcile and audited during the year. This guide will ensure you are meeting all Department of Internal Affairs (DIA) requirements for the grant allocating bodies.
We have also included a handy downloadable Grants Spreadsheet you can use to manage the grants process. The link below will take you to our Resource Page on our Website, where you will find the Grants Spreadsheet model that can be downloaded.
Download Grants Spreadsheet Model
Managing Funds in Advance: An Accounting Perspective for New Zealand Charities
If you're in a finance or governance role in the not-for-profit sector, mishandling funds received in advance could be putting your organisation at risk. This blog breaks down the critical accounting practices every charity must follow to stay compliant, transparent, and financially healthy. Learn how to:
- Properly record and track grants and pre-paid funds
- Avoid common pitfalls that distort your financial reports
- Implement robust systems that simplify audits and boost future funding chances
Don’t let poor processes jeopardize your mission—read now to strengthen your financial foundation.
How to Prepare Budgets for Charities: A Comprehensive Guide
Struggling to create a clear, funder-friendly budget for your charity? This comprehensive guide walks you through every step—from setting financial goals to tracking income and expenses—using practical tools like Xero templates and Excel sheets.
In this blog, you’ll learn how to:
- Align your budget with your mission and strategic goals
- Accurately forecast income and categorize expenses
- Build department-level budgets that roll into a master plan
- Monitor cash flow and adjust your budget throughout the year
A well-prepared budget isn’t just good practice—it’s your strongest tool for securing future funding.
Click to learn how to make your charity’s budget work smarter, not harder.
Managing Umbrella Funds in Charitable Organisations
Are you a registered charity supporting smaller community groups? Or a grassroots organisation seeking funding through an umbrella partner? This blog unpacks everything you need to know about umbrella funds— a powerful tool for enabling local impact.
In this article, you’ll discover:
- What umbrella funds are and how they work
- The responsibilities of umbrella organisations
- Best practices for accounting, reporting, and compliance
- How to avoid common pitfalls and ensure transparency
If you're managing or receiving umbrella funds, this guide is essential reading.
Click to learn how to protect your organisation and empower your community.
We would love your feedback on the newsletter, what did you love, what else could we add to the newsletter that would helpful and support you. Let us know what you think.
If you have any questions or concerns for us, please don’t hesitate to get in touch with us.
From
THE TAEL TEAM
Ready to strengthen your business? Let’s work together. Schedule your no-cost initial Proactive Accounting Meeting (PAM) to see what’s possible.
