Is your PCC able to:
- Understand the money they have available to support parish mission and ministry
- Discharge their statutory responsibilities as charity trustees
- Gain timely and up-to-date financial information to aid decision making.
- Providing information that is in an accessible format for all
Under the Church Representation Rules (Part 9 M20(3)), each PCC should arrange for the office of treasurer to be discharged by one of its members, a churchwarden or some other fit person. The PCC as charity trustees must ensure that:
- It is able to meet all of its financial responsibilities, and that PCC funds and assets are used appropriately.
- It is able to report on what the PCC has achieved, and how it has used its money and resources.
- It is able to manage the PCC’s money, and balance risk and reserves.
We often hear from PCC’s that they find it difficult to recruit skilled volunteers, especially treasurers. Although we do not have access to a list of potential treasurers, we do aim to help your PCC, and your Treasurer do a good job. Most volunteers are not accountants and worry that they don’t have the technical skills to serve in this role.
CofE Birmingham has partnered with Data Developments so that parishes can access reduced rates for the use of MyFundAccounting, which is a package tailored specifically for parishes. They offer a range of service levels from simple access to the package though to a full service that could include the input of your data through to the preparation of management accounts and year end accounts that are ready for Independent Examination.
The package is designed to help PCC’s have a good grasp of their finances to enable them to make wise Kingdom decisions and to ensure that they are able to meet their obligations as charity trustees.
If you are interested in this service and would like to find out more, please contact our finance team.