Target Audience
CEOs, Finance Managers and Board Members of Charities.
Outline
- Overview of Charities (Amendment) Act 2024
- Introduction to Charities SORP 2026
- Overview of FRS 102 Charities SORP and reporting framework
- Structure and content of Trustees’ Annual Report and Accounts
- Fund accounting and types of charity funds
- Income and expenditure recognition (including grants and donations)
- Reserves policy and financial governance expectations
- Preparing for transition to the new SORP in 2026
Methodology
Delivered virtually via Zoom.
Instructor
Paula Fagan
Paula Fagan is a purpose-driven leader with over 25 years’ experience working in the not-for-profit sector in Ireland, including roles as Chief Executive, Chief Finance Officer, and Board Director. She has a proven track record of strategic leadership, financial stewardship, and transformational impact across diverse mission-driven organisations.
For over a decade as CEO, Paula led the evolution of LGBT Ireland from a frontline service provider to becoming the leading LGBTQI+ advocacy charity in Ireland—delivering sustainable growth, pioneering services, developing national training programmes and forging influential cross-sector partnerships.
As a qualified accountant Paula has also worked in CFO roles, and acted as Treasurer, for several national non-profit organisations with budgets ranging from between €250,000 to over €2 million.
Combining her background in accountancy with qualifications in psychology, and psychotherapy, Paula brings a unique mix of financial acumen and psychological training to the areas of organisational development, service delivery and innovation, staff wellbeing, and building resilient values-led teams.
Outcomes
- Understand upcoming SORP and legislative changes for charities
- Know how to prepare compliant annual reports and financial statements
- Apply correct fund accounting and income recognition principles
- Develop and explain a clear reserves policy
- Recognise disclosure and governance obligations under FRS 102
- Be equipped to plan and implement the transition to SORP 2026
Carmichael’s Spring Summer 2026 Scheduled Training Programme is kindly sponsored by BoardEffect.
BoardEffect is part of Diligent, the leader in modern governance. BoardEffect delivers an agile board management solution optimised for governance leaders of nonprofits, higher education institutions, community healthcare organisations, and credit unions with the right tools, analytics, and insights to drive more efficient, transparent, and secure governance.
Fees
| €80 | Nonprofit Organisation |
| €70 | Carmichael Resident Organisation |
| €90 | Statutory Organisation |
| €90 | Corporate Organisation |