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Administration Council for Social Responsibility Agriculture Schools & Education Training & Development Communications World Development and Partnership Ministry Interfaith Community, Partnership and Funding The Tourism Project The Mothers Union Anti-Slavery
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If your question does not appear in the list please contact the Diocesan Treasurer, Gordon Powell, by email with the enquiry. He will arrange to send you an answer and, if it is of general interest, add it to the bank of questions on this page. The Questions and Answers: What is the PCC Charity Commissioners number? The PCC does not have a Charity Commissioner number it is a charity by statute under "The PCC Powers Measure 1956''. The PCC will have an Inland Revenue Charity Number if it submits claims for the recovery of Income Tax on Gift Aid donations. A restricted fund consists of donations given for a particular parochial purpose. These donations, together with any tax recovery if they are given under Gift Aid, must be held separately and shown separately in the PCC annual accounts. The most common type of restricted fund is a "Fabric" fund. The PCC has a deposit account with the local bank but it pays very low interest, are there any alternatives available? The Church of England encourages its Parishes to use the Central Board of Finance for its short term deposits as this gives a much higher rate of interest than any local bank and will make the funds available on request. An Annual Report is the written report that accompanies the annual accounts giving information about the activities of the Parish for year under review. There is an example of an Annual Report in the guide for small parishes on this web site. Why do we have to pay Parish Share in an Interregnum? Parish
Share is a contribution to Mission and Ministry of the Diocese and
even during an interregnum the Parishes affected have the oversight
of a Stipendiary priest.
Is there a difference between a 'designated' fund and a 'restricted' fund? Yes, a designated fund is where a PCC may decide to put some General Fund money aside into another fund for a particular use, e.g. for building repairs. This means the PCC can move amounts back into the General Fund when the repairs are completed, i.e. re-designate or un-designate the fund. A restricted fund can only be used for its named purpose. An independent person who has no connection with the PCC and who is reasonably believed by the PCC to have the requisite ability and practical experience to carry out a competent examination of financial statements. For practical support, advice and information contact Gordon Powell at the Diocesan Office. Link to our Diocesan Stewardship Pages 'Resources for Mission'
page last updated on 26 September, 2007 |
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