Guidance for PCC treasurers
Treasurers are some of the unsung heroes of the PCC. For anyone who is new to the role we want to say 'Thank you' and for those of you who are not so new to the role, we also want to say 'Thank you'!
It can seem a daunting task to be elected as the PCC Treasurer. However, being a treasurer doesn't mean that you have to be an accounting expert. Most of the work is straightforward and there is help available for areas that you might find slightly more complex. If you are new to the role, then please read our welcome letter.
There is a wealth of information available for PCC Treasurers. The following should be of particular help, but please take a look around the finance section of the website for guidance on specific areas.
Guide for PCC Treasurers:
This summary guide, covers the following key points: change of PCC Treasurer, record keeping, bank accounts, handling of money, collections, parochial fees, routine expenditure, budgeting and investments.
Parish Resource website:
This comprehensive website maintained by the Stewardship & Resources team of the Church of England covers all aspects of PCC finances. The following pages are particularly helpful for new PCC Treasurers:
- Introductory Guide for New Church Treasurers
- Record Keeping
- Fund accounting and Different types of funds
Accounting and reporting
PCC Accountability : The Charities Act 2011 and the PCC (5th edition, 2017)
This excellent book produced by the Church of England contains everything you'll need to know about preparing the year end accounts including a full set of example accounts. The contents can be read on-line, but hard copies are also available from the Diocesan Finance office for £5.
Further accounting and reporting guidance can be found on the PCC Accounts and Return of Parish Finance page of the website.
Registration with the Charity Commission
A PCC's 'gross income' will determine when it needs to register with the Charity Commission and comply with charity law. Refer to the dedicated page on the Parish Resources site for further guidance: Charities Act requirements for PCC registration
Foreign Account Tax Compliance Act (FATCA)
Some PCCs and deaneries have received letters from banks asking them to fill in a form in relation to the United States Foreign Account Tax Compliance Act (FATCA). The link below directs you to the Parish Resources page that includes advice on how to complete the form, together with a draft covering letter: FATCA.