Jen is a Fellow of the Association of Chartered Certified Accountants (FCCA) and the founder and managing director of Gerrard Financial Consulting, a specialist accounting firm for the charitable sector. She has over 17 years’ experience working in accounting and finance and has also worked as an accountancy tutor for a leading training provider.
Jen has been a trustee of the Southville Community Development Association (2014 to 2017), Self Injury Self Help (SISH) (2013-2016), the Oswestry Food & Drink Festival and Impact AAS (2007 to 2010). In addition to being a current Trustee of Women’s Aid Federation of England, Jen has been a registered volunteer with Volunteer Bristol for four years and is a Member of the ICAEW Charity & Voluntary Sector Specialist Group.
Jen sits on the South West & Wales Regional Engagement Forum of the Charity Finance Group and makes regular contributions to articles in national publications – most recently AccountingWEB and Charity Finance Focus (produced by the CFG). She is also a regular speaker on charity finance and governance matters.
Her firm is a corporate member of the Charity Finance Group and was shortlisted in two categories for the AccountingWEB Practice Excellence Awards 2016. This is in recognition of the company’s innovative work with charities and NFPs to streamline their finance functions through adoption of new technology.
nrslater - thank you for noting this - I have asked the team to resolve this for me. In the meantime, if you drop me an email to [email protected] I can send you the files directly, if this would be helpful?
Thanks for your comments Jeremy28. You are absolutely right, of course, about the further detail needed around capital v revenue restricted/ unrestricted funds.
I touched upon brought forwards in my Part 1 article in October - https://www.accountingweb.co.uk/business/finance-strategy/how-to-structu....
I always recommend that clients set up fixed asset 'funds' (i.e. departments or classes) - for example 'unrestricted fixed assets' as one fund and each individual restricted fixed asset category separately. That way, you can run income and expenditure reports from the software which show the b/f, the depreciation charge for the period and the c/f - which ties in with the Carrying Value of the asset per the register.
With some clever report tailoring and filtering so as to only include revenue funds - perhaps separating unrestricted and restricted reports - it allows (at a glance) the reader to see the 'free reserves' (i.e. cash) available.