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Monday 22 September 2014America Square Conference Centre, London

SORP Roadshows 2014

The SORP Roadshows offer an engaging way for housing associations to understand the key changes being introduced by FRS 102.

Sponsored by

Conference guide and Attendee list

The National Housing Federation is the voice of affordable housing in England. We believe that everyone should have the home they need at a price they can afford. That’s why we represent the work of housing associations and campaign for better housing. Our members provide two and a half million homes for more than five million people. And each year they invest in a diverse range of neighbourhood projects that help create strong, vibrant communities.

SORP Roadshows 2014Monday 22 September 2014

America Square Conference Centre,London

Dear Delegate

On behalf of the National Housing Federation I would like to welcome you to the Housing SORP Roadshow in London.

The programme has been designed to offer you the chance to interact with fellow professionals and gain from their knowledge, so I hope you will take the opportunity to exchange ideas with your peers. To get maximum value from the day, please read the ‘participation and interactivity’ section in this pack. This will help you define objectives and establish the points you would like to see addressed.

Presentations will be made available to download after the last conference after 14 October. You will be notified by email when they are available.

We also invite you to take part in our online delegate survey, details can be found on page four. It would be very much appreciated if you could complete the survey to ensure that our conferences meet your expectations in the future.

Inside this pack you will find:

• programme

• speakerbiographies

• participationandinteractivity

• delegateinformation

If you have any questions or would like to discuss your ideas for future conferences, please feel free to contact a member of the Federation team at the registration desk today who would love to hear your feedback and suggestions.

Finally, I would like to extend a warm thank you to our speakers and chairs for their participation in today’s event. A special mention also to Real Asset Management for kindly sponsoring the event. I hope you enjoy the event.

Emma Harrison

Programme

Background and overview of new UK GAAPLocation: The Ludgate Suite

•Principles of FRS 102• Main changes to the Housing SORP 2014• Accounting principles and notes to the accounts• International Financial Reporting Standards

Jack Stephen, Chair, SORP Working PartyOVE

RVI

EW

09:30

Faye Gordon, Senior Manager, PricewaterhouseCoopersChair: Joseph Carr, Finance Policy Leader, National Housing Federation

Housing association assets Location: The Ludgate Suite

•Plant Property and Equipment• Investment properties • Accounting for impairment

Financial instrumentsLocation: The Fleet Room

•Accounting for financial instruments•Loan covenant compliance

Registration, refreshments and networking08:45

Chair’s welcome and opening remarksLocation: The Ludgate Suite

09:25

Jonathan Pryor, Partner, Smith & WilliamsonChair:Jack Stephen, Chair, SORP Working Party

09:45 Breakout sessions A

You will have the opportunity to attend all three breakout sessions over the course of the day. You will be divided into groups 1, 2 or 3 on arrival.

Explore principle changes introduced by FRS 102 and the Housing SORP and work through detailed examples of how to implement accounting requirements in these key areas.

Refreshments and networkingLocation: The Cornhill Suite

11:05

11:40 Grants and specialist accountingLocation: The Walbrook Room

•Accounting for government grants•Accounting for stocks swaps and RCGF• Accounting for VAT shelters, pensions deficits, etc

Phil Cliftlands, Partner, Not For Profit Assurance, BDOChair: Ken Youngman, Group Finance Director, Family Mosaic

The National Housing Federation would like to thank Real Asset Management for sponsoring the

SORP Roadshows.

www.realassetmgt.co.uk01689 892137

solution@realassetmgt.co.uk

A1

A2

A3

Remember to collect your FREE COPY of the Housing SORP publication before you leave. They will be available to collect during lunch and refreshment breaks from registration.

One copy per delegate

Conference close16:45

Chair’s summary and closing remarksLocation: The Ludgate SuiteJack Stephen, Chair, SORP Working Party

16:35

New look FRS 102 accountsLocation: The Ludgate Suite

•Presentation of accounts and changes in nomenclature

• New accounting framework and accounting principles

• Accounting disclosures and notes to accounts

NEW

FEA

TUR

ES

13:50

Refreshments and networkingLocation The Cornhill Suite

15:40

FRS 102 – transition and implementationLocation: The Ludgate Suite

•Transitional arrangements•Collecting of third party information (e.g. SHPS) • Implementation and training

NEX

T ST

EPS

16:05

14:20 Breakout sessions C

Jonathan Pryor, Partner, Smith & Williamson Chair: Jack Stephen, Chair, SORP Working Party

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Networking lunchLocation: The Cornhill Suite

12:50

ONLINE DELEGATE SURVEY Please take time to complete our online feedback survey. You will be sent an email with information on how to access the survey directly after the event or use the QR code above to access it from 17:00 today. Alternatively go to: https://www.surveymonkey.com/s/SORPRoadshows2014

Financial instrumentsLocation: The Walbrook Room

•Accounting for financial instruments•Loan covenant compliance

Jonathan Pryor, Partner, Smith & WilliamsonChair: Jack Stephen, Chair, SORP Working Party

11:40

Grants and specialist accountingLocation: The Ludgate Suite Accounting for government grants

•Accounting for stocks swaps and RCGF• Accounting for VAT shelters, pensions deficits, etc

Phil Cliftlands, Partner, Not For Profit Assurance, BDOChair: Ken Youngman, Group Finance Director, Family Mosaic

B3

B1

Faye Gordon, Senior Manager, PricewaterhouseCoopersChair: Joseph Carr, Finance Policy Leader, National Housing Federation

Housing association assetsLocation: The Walbrook Room

•Plant Property and Equipment• Investment properties • Accounting for impairment

Financial instrumentsLocation: The Ludgate Suite

•Accounting for financial instruments•Loan covenant compliance

Jonathan Pryor, Partner, Smith & WilliamsonChair: Jack Stephen, Chair, SORP Working Party

11:40 Grants and specialist accountingLocation: The Fleet Room

•Accounting for government grants•Accounting for stocks swaps and RCGF• Accounting for VAT shelters, pensions deficits, etc

Phil Cliftlands, Partner, Not For Profit Assurance, BDOChair: Ken Youngman, Group Finance Director, Family Mosaic

C3

C1

C2

Faye Gordon, Senior Manager, PricewaterhouseCoopersChair: Joseph Carr, Finance Policy Leader, National Housing Federation

Housing association assetsLocation: The Fleet Room

•Plant Property and Equipment• Investment properties • Accounting for impairment

B2

11:30 Breakout sessions B

Faye Gordon, Senior Manager, PricewaterhouseCoopers Chair: Jack Stephen, Chair, SORP Working Party

Participation and interactivityThe National Housing Federation strives to produce events that maximise our delegates’ objectives – whether that’s networking, gaining practical or tangible learnings or inspiration for taking a particular strategy forward. To ensure that you extract the maximum value from the day, we would encourage you to get involved as much as possible to shape your learning experience.

Be vocalWe have built in a number of opportunities for you to put questions to our speakers so don’t hesitate to put your hand up during the Q&A, or tweet your questions to @natfedevents using #NHFSORP

Get chattingSome of the most lucrative and valuable relationships have been made through event networking on-site. Speaking to your peers provides an unrivalled opportunity to make contacts, share best practice or simply bounce ideas off one another. We have built in a number of networking breaks throughout the day and we encourage you to make the most of them. If there is anyone in particular you wish to meet, please make this known to one of the conference staff and we will endeavour to facilitate this.

Speaker biographies

Jonathan Pryor, Partner, Smith & Williamson Jonathan leads Smith and Williamson’s services to registeredproviders of social housing having specialised in the sector for over 20 years. The range of services that he has provided is extensive, including external and internal audit, business plan validation, strategic advice, risk management, merger advice, value for money reviews and a variety of ad hoc projects. He is a member of the SORP working party and chair of the ICAEW’s social housing sub-committee.

Jack Stephen, Chair, SORP Working Party and Group Finance Director, Thames Valley Housing AssociationJack joined Thames Valley Housing having previously held positions of finance director, financial controller and treasurer with banks and other international companies. He is currently chair of the SORP working party and chair of trustees of a supporting people charity based in Richmond, London.

Ken Youngman, Group Finance Director, Family MosaicFor the past 12 years Ken is has been the group finance director at Family Mosaic; a 24,500 unit London based housing association. He has responsibility for finance, treasury, collections, IT, facilities and service charge/leasehold administration. He is a qualified accountant, and chair of the G15 Finance Directors Group.

Joseph Carr, Policy Leader, National Housing Federation Joseph has worked at the National Housing Federation for six year’s during his second stint. He has worked in the sector for over 20 years. He leads on the Federation’s finance policy, including accounting and financial reporting, treasury management, pensions, rents, and financial regulation and compliance to name a few areas.

Phil Cliftlands, Partner, Not For Profit Assurance, BDO Phil leads BDO’s social and public enterprise team. He specialises in social housing and has developed extensive experience and expertise in social housing financial reporting in his 16 years in practice. Phil has worked with the London G15 and many other housing associations in the sector, has co-led a statutory inquiry on behalf of the social housing regulator and also been seconded to a large national registered provider focusing on treasury strategy. Phil has worked closely with the Federation where he took the lead in supporting the SORP Working Party’s development of the housing SORP for five years until April 2013, since which date, he became a member of the SORP Working Party. Phil has also recently been appointed as a board member and chair of the finance committee of a specialist housing association focusing on housing and support for vulnerable people.

Faye Gordon, Senior Manager, PricewaterhouseCoopersFaye has worked at PwC for over 15 years with two thirds of this time spent working with the social housing sector providing audit and technical advisory services. Faye provides technical support to the Federation and has been specifically involved in updating the sector’s Statement of Recommended Practice.

Delegate information

Keep in touchTo keep in touch with forthcoming Federationconferences and events visit www.housing.org.uk/events. Alternatively contact a member of the Federation’s Business Sales and Support Team on 020 7067 1066.

DisclaimerThis programme is correct at the time of going topress. In the event of one or more of the advertised speakers being unable to attend, for reasons beyond the control of the conference organisers, we reserve the right to make alterations or substitutions to the programme as deemed fit. All timings are provisional and may be subject to change. Views expressed by speakers are their own. The National Housing Federation disclaims any liability for advice given or views expressed by any speaker at the event or in notes or documentation provided to delegates. PresentationsHelp us to protect the environment – downloadspeaker presentations from our website.The National Housing Federation is fully committedto reducing our impact on the environment and engendering the same approach from our members and the wider social housing sector. We therefore do not produce presentation materials for our delegates. Presentations will be uploaded within seven days of the conference to www.housing.org.uk/events. We will email all delegates when these are available with a link to the page.

Decisions, decisions

For impartial advice to help you make the right decisions, call our free helpline.

0800 952 0224

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www.nhfinsurance.co.uk

Need help choosing the right balance of cover and premium?

www.nhfdirectory.co.uk

Directory of members

You can order the Directory at www.housing.org.uk/publications or by calling us on 020 7067 1066.

• Book and online access £125 • Online access only £85 + VAT

Not a member?

• Printed book and fast, user-friendly online resource

• Contains detailed and comprehensive information on Federation member organisations

• Includes national and regional member data and key contact information

• Highly-valued reference tool for housing associations and commercial companies in the social housing sector

• Browse daily-updated data by region, size, organisation type or number of staff

• Sort by local authority or locate by Google map

• Browse suppliers offering products and services to the social housing sector

Get online… www.nhfdirectory.co.uk

The Directory is FREE to Federation members and copies were sent out to all organisations in March 2014.

Conference survey

Your feedback is invaluable to us. Please take the time to complete the delegate survey, which will be emailed to you after the event.

Refreshments and lunch

All refreshments and lunch will be served in The Cornhill Suite. If you have advised us of any special dietary requirements, please contact a member of venue staff.

Name badges

You will have been given a name badge upon registration. For security reasons, and as a courtesy to other delegates, please ensure that you wear it at all times.

Mobile phones

Delegates are reminded that mobile phones must be switched off during all conference sessions.

Emergency procedure

In the event of an emergency, delegates should make their way quickly and calmly to the nearest exit without collecting their belongings. In the event of an emergency procedure or evacuation delegates should follow the guidance and instructions of the venue staff, and subsequently, the emergency services (if applicable).

Security and personal belongings

We advise that you keep your valuables in the cloakroom facility or with you at all times. We ask you to mark your conference documentation with your name so we are able to return them to you if lost. We regret that neither the Federation nor the venue can be held responsible for loss or damage to property.