Other non-current assets
An asset is a resource, with economic value, that a charity owns or controls with the expectation that it will provide a future benefit.
A fixed asset is a long-term tangible piece of property or equipment that a charity owns and uses in its operations to generate income. It is typically an asset that will not be consumed or converted into cash within a year.
Typically, other non-current assets are common to large charities, these are fixed assets that are anticipated to be sold more than 12 months out from the end of the reporting period.
Integrity, honesty and unbiased assessment are at the core of Giving Guide’s mission. The charity sector is important to the economy and culture of Australia, We believe independently assessing the accountability, transparency and effectiveness of the sector beyond what is currently available is important to it's future.
Giving Guide anticipates enhancing the level of governance and transparency in the Australian charity sector. An independent charity advisor would benefit the sector by helping charities consider exceeding the existing governance standards of the Australian Charities and Not-for-profits Commission (ACNC) to the benefit of donors.