The new charity started in Feb 2019 with its first accounting year set to end in March 2020. There were donations before the charity was set up. How far can we go back in accounting these donations please? If we can't, how do we record the money in our balance sheet please? Do we need to record restricted funds separately? For example 10% admin fund is made available for a project. Should we record it separately from the fund? Thanks all.
17th Jan 2020
Charity - donation before setting up & Restricted
Donations prior to charity set up, plus restricted funds: How to record these in its accounts please
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