Review of PCC Accounts 2014
250 sets of PCC accounts out of a possible 273 were received in time to be included in the review. A further 18 sets have now been received however these may not be reviewed at this time.
We would like to thank treasurers for all their hard work in bringing together the accounts and making them available to us.
Generally, the accounts were presented to a good standard. They showed liquid funds (excluding property) of approximately £27million this was an increase of £1.7million in 2014.
In general, the reports made good reading, were positive encouraging and it was uplifting to read how the Gospel is being lived out every day in Parishes. However, it was noted that a significant number of accounts were presented with either an inadequate Trustee Annual Report or the Report was missing all together.
As you now begin to embark on producing the 2016 Accounts and Trustees Report you might want to consider the points below:
- Smaller PCC’s with an income of less than £250,000 should seriously consider preparing Receipts and Payment accounts. These are simpler to produce and are much more reader friendly.
- The largest PCC’s should ensure that they are complying with the Charities Statement of Recommended Practice (SORP) and take professional advice if needed.
- Please check your PCC’s independent examiners report (and audit reports for the very few large PCC’s). We continue to find that in many cases these are not in the correct format. You will find examples on the link below.
- Think how you can best tell your story in your Parishes Trustees Annual Report. This document is a great way of informing your community of the work that you do. It may encourage new worshipers who are looking for a Church just like yours.
PCC Accounts – How to comply with Church Representation Rules
In order to comply with Church Representation Rules, all PCCs, regardless of their income, must submit annual accounts to the Board of Finance and additionally to comply with Charity Law, PCCs with income over £100,000 are also required to file accounts and reports with the Charity Commission.
If you have received a reminder asking for your 2015 accounts, please can you send these into us as soon as possible so that they can be included in the 2015 review.
As your 2016 Accounts and Trustee Reports are agreed by your PCC please send them to us.
Accounts can be sent by post or email to firstname.lastname@example.org
As always please get in touch if you have any questions and we will do our best to assist you.