Legal and Regulatory | Northern Society of Chartered Accountants

Northern Society of Chartered Accountants Extraordinary General Meeting

Notice is given that the Northern Society of Chartered Accountants Extraordinary General Meeting will take place on 19 October 2023, at 18.00, virtually. This is a collective meeting for Northern Society and it’s branches.

Agenda for meeting

Notice of Meeting

Welcome by the President

Apologies for absence

Member vote, called on the recommendation of the Society’s Committee, to:-

a. adopt a revised constitution for the Society; and

b. move the operations of the Northern Society and it’s Constituent Branches to a local ICAEW network with effect from 31 December 2023. A paper setting out details of the proposal can be found here.

Confirm the appointment of Trustees for the Society

Installation of the Society’s President and Deputy President for the 2023/2024 term

Move to formally dissolve the Cumberland Society of Chartered Accountants on 31 December 2023

Move to formally dissolve the Tyne & Wear Society of Chartered Accountants on 31 December 2023

Move to formally dissolve the Teesside Society of Chartered Accountants on 31 December 2023

Any other business

Joe Walsh

Hon. Secretary, Northern Society of Chartered Accountants

Cost

RATE	COST
ICAEW Member	No Charge

Northern Society of Chartered Accountants Annual General Meeting 2023

An opportunity for you to meet members of the Northern Society Committee & find out what is planned.

Notice is given for the 141st Annual General Meeting of the Northern Society of Chartered Accountants to be held at Northern Counties Club, 11 Hood Street, Newcastle upon Tyne at 12:30 hours on Thursday 25 May 2023.

Event information

Agenda

1 Notice of Meeting

2 Welcome by the President

3 Apologies

4 Deceased Members

5 To Receive and, if thought fit, Approve the:

Minutes of the 140^th Annual General Meeting held on Thursday 19 May 2022

6 Review of the Year by the President

Including

To Receive and, if thought fit, Approve the:

Annual Report and Accounts for the year ended 31 December 2022 (including the Report of the Independent Reporting Accountant)

7 Election of Committee Members under the provisions of Rule 13(a)

8 Election of the Independent Reporting Accountant under the provisions of Rule 13(c)

9 Any other business

Joe Walsh
Hon Secretary

Booking is essential as a buffet lunch will be provided after the event.

Efficient audit and independent examination of charities

Join Peter Herbert on how to efficiently audit or independently review charity account.

Thresholds for the audit and independent examination of charities are much lower than those for companies in the ‘for profit’ sector, yet the standard of work required by professional bodies is just as high.

Course Information

The content for this seminar will be informed by file reviewer feedback and will cover all the challenging aspects practitioners encounter day to day. The focus will be on how to produce a compliant audit/independent examination file as efficiently as possible.

Content will include:

Thresholds for audit/independent examination and frequently asked questions
Important planning requirements for smaller charity audits
Key challenges when auditing income and how to resolve them
Charity specific accounting estimates – practical problems and solutions
Completing the charity audit, including going concern and communication with those charged with governance
Getting audit report wording right
Top tips for producing an effective independent examination file

Who should attend the seminar?

Accountants in professional firms who audit and/or independently examine charity accounts

Cost

Rate	Cost
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

20 Common errors in charity accounts and how to fix them

Join Peter Herbert for this popular charity update.

Charities are different! from their sources of income to the very reason they exist these differences are reflected in charity financial statements.

Course Information

This course will highlight a range of challenging aspects of financial statements presentation that accountants struggle with and provide practical guidance on getting them right.

Content will include:

The Trustees’ Annual Report
Analysis of income and expenditure
Fund disclosures and analysis
Transactions with trustees and other related parties
Disclosures about investments, fixed assets and heritage assets
Remuneration disclosures
Different disclosure requirements for larger (>£1M income) and smaller (<£1M income charities)

This course is for accountants working within the charity sector and in professional firms of accountants who prepare, audit and/or independently examine charity accounts.

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

What’s new for charities? with Peter Herbert

An essential update for accountants who prepare, audit or independently examine accounts for charities

Despite the fact that FRS 102 SORP is now well established, there still seems to be an abundance of new rules affecting charity annual reports and accounts.

Course information

This session will explain all the recent developments and also clarify existing rules in a number of common problem areas:

Content will include:

Recent changes to UK GAAP, charity law and company law relevant to the preparation and independent examination of small charity accounts
Common problem areas in charity accounts and how to tackle them
Charity Commission and ICAEW regulatory reports and feedback
Balancing effectiveness and efficiency when performing charity independent examinations

Who should attend the seminar?

Partners, managers and staff in accounting firms who prepare accounts for charities and carry out audits and independent examinations.

Cost

Rate	Cost
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021.

The discount will apply automatically at checkout.

Acting for Farmers – a comprehensive review with David Missen and Bob Trunchion

An essential update for those with farming clients

Are we about to see an agricultural revolution, either a brave new post-brexit world or the end of UK agriculture as we know it? This intensive half day course will explore the challenges and issues faced by farming and rural communities and the solutions and opportunities available. It is aimed at keeping you up to date on what matters in this specialist sector and the advice your client needs.

Course Information

Topics:

• The state of UK Agriculture in 2021
• Subsidies and farm economics after the Agriculture Act
• Inheritance tax and capital gains tax refresher
• Structures, successions, trusts, Pensions, incorporation and other nitty gritty problems with HMRC etc.
• Capital Tax planning – the dos and don’ts
• Business & Agricultural Property – 100% relief, are you sure?
• Succession planning

Cost

Rate	Cost
Price	£90.00 + VAT
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society is offering delegates a 1/3^rd off all of its live webinars up to 31 December 2021.

Please note that the respective discount of £30.00 and £15.00 will automatically be applied to the checkout and will be dependent on the membership level of each delegate.

If you are currently on a career break or retired please ensure to answer the form question.

Discounted rate
Price: £60.00 + VAT
Retired/Career break: £30.00 + VAT

Northern Society of Chartered Accountants www.norsca.co.uk

An essential update for those working in practice to ensure that you are compliant.

Accountants working in professional practice face a seemingly endless stream of regulatory changes which affect practice management. Non-compliance can result in a bad outcome at the time of an inspection visit from a professional body.

Course information

This course will explain all the recent changes and also highlight common issues on professional body regulatory visits, helping you to ensure that your practice is well prepared in the event of such a visit. Content will include:

AML procedures reviewed during Practice/Quality Assurance visits and why they matter
Client monies and DPB – where firms go wrong and why
Professional Conduct in Relation to Tax (PCRT)
How to managing risk and quality in a small practice
Preparing for an ICAEW/ACCA inspection visit
Recent regulator feedback on Practice and Quality Assurance compliance – what the disciplinary cases tell us

Who should attend the seminar?
Partners, managers and staff in accounting firms with an interest in anti-money laundering and practice regulation compliance.

Cost

Rate	Cost
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 30 August 2021.

Making tax digital update

Rebecca Benneyworth has been an advocate of MTD since the consultation period in 2016 and remains keen to ensure that as many smaller firms and businesses as possible take advantage of these changes.

This session is an essential update for anyone working practice in accounts or tax as Rebecca will give delegates a clear idea of what processes they will need to adopt to serve clients in a completely new reporting environment. It would also be suitable for those working in business, although there is little detail as yet on plans for corporation tax.

This session will look at the July 2020 announcements from HMRC in regard to the process not only of the MTD project, but to what might develop with personal and business tax accounts over the next few years. It will cover the current requirements for VAT as a refresher, picking the tricky areas, and then move to the meat of developments to come through to 2023 when we shall see full mandation for income tax.

Content will include:

MTD for VAT requirements – a brief refresher; tricky practical areas
April 2021 developments – full digital links in place – how to achieve this
April 2022 developments – everyone in for VAT! Dealing with very small businesses. To deregister or not?
Income tax self assessment – the timeline. 2023 mandation – who will it affect? What will be needed? How will the mechanics work? What about very small businesses? Landlords and holiday lets.
Corporation tax plans and proposals
Where to with digital tax accounts?

Q4 General Practitioners’ Lunch

Join us for our quarterly lunch where you will meet like minded practitioners and gain valuable hints and tips.

Come along to our quarterly lunch for sole practitioners or those working in 1-2 partner firms to meet members with similar situations to support and share best practice. Our monthly event will commence with a light lunch followed by a speaker or discussion on a typical topic. This event is run by members for members.

Event information

The cost of the lunch includes tea, coffee and one of the following items. Please confirm at time of booking which item you require from the list below:

Soup of the day
Or
Roasted red pepper and smoked spicy houmous wrap (v)
Or
Cheese & pickle sandwich (v)
Or
Classic tuna mayo sandwich
Or
Roasted ham, tomato and rocket

Cost

Rate	Cost
ICAEW Member	£10.41 + VAT

Programme

Time	Session
12:30	Arrival
12:45	Lunch
13:15	Speaker/discussion
14:00	Close

2020 General Practitioners’ Lunch Series Schedule

Date	Session	Speaker
4 March 2020	Cloud Accountancy update	Chris Mcleod Sage
3 June 2020	Tax Update	Emma Glover Peppercorn Tax
9 September 2020	Use of AI & data analytics	Paul Wardle Inflo Software
2 December 2020	TBC	TBC

Q3 General Practitioners’ Lunch

Join us for our quarterly lunch where you will meet like minded practitioners and gain valuable hints and tips.

Event information

The cost of the lunch includes tea, coffee and one of the following items. Please confirm at time of booking which item you require from the list below:

Soup of the day
Or
Roasted red pepper and smoked spicy houmous wrap (v)
Or
Cheese & pickle sandwich (v)
Or
Classic tuna mayo sandwich
Or
Roasted ham, tomato and rocket

Cost

Rate	Cost
ICAEW Member	£10.41 + VAT

Programme

Time	Session
12:30	Arrival
12:45	Lunch
13:15	Speaker/discussion
14:00	Close

2020 General Practitioners’ Lunch Series Schedule

Date	Session	Speaker
4 March 2020	Cloud Accountancy update	Chris Mcleod Sage
3 June 2020	Tax Update	Emma Glover Peppercorn Tax
9 September 2020	Use of AI & data analytics	Paul Wardle Inflo Software
2 December 2020	TBC	TBC