The Charities Act and the PCC 3rd ed full version

Provides guidance for various PCCs in the preparation and scrutiny of their annual financial statements and reports. This book offers guidance on financial statements prepared on the accruals basis, financial statements prepared on the receipts and payments basis, selection and appointment of an independent examiner and more.

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PLEASE NOTE THIS IS A REPRINT OF THE THIRD EDITION. A NEW FOURTH EDITION WILL BE RELEASED IN 2013.

This book, now in its third edition, provides essential and up-to-date guidance for all PCCs in the preparation and scrutiny of their annual financial statements and reports.

As charitable bodies, PCCs are required to follow the requirements of the Charities Act 1993, its associated Regulations and the Statement of Recommended Practice (SORP) for Charities. This book, produced by a working party for the Joint Consultative Group of the Church of England, provides full guidance to help parishes meet the requirements of the law and follow best practice.

Guidance is provided on:

financial statements prepared on the accruals basis (compulsary for PCCs whose total gross income exceeds £100,000);
financial statements prepared on the receipts and payments basis (optional for PCCs whose gross income is beloe £100,000)*;
selection and appointment of an independent examiner;
conduct of an examination of accounts;
preparation of the Annual Report;
compliance with SORP 2005.
This book contains comprehensive examples and extracts from related legislation together with the latest Church Accounting Regulations 2006. It provides a complete resource for PCC treasurers, independent examiners, auditors and all those concerned with the preparation of parish financial statements and the annual report.

* PCCs with a gross income below £100,000 are recommended to purchase The Charities Act 1993 and the PCC: Preparing Receipts and Payment Accounts (SORP 2005).