New charity SORP 2015
The rules which govern how charities (like PCCs) prepare their annual accounts is changing due to a new Charity Statement of Recommended Practice (SORP 2015() and your accounts for the year ending 31 December 2015 will be the first set prepared under the new SORP.
In practice, the changes are not likely to be that significant for most (smaller) PCCs, and further guidance is expected from our national church colleagues with the publication of a new edition of the ‘PCC Accountability’ book. We will let you know when that guidance is due for release. More detailed information can be found about the new SORP on the Charities SORP website.
New Charity Commission Return for registered charities
If you are a registered charity you will have to confirm whether you have various written policies. The policies a PCC needs and how detailed the policy is will depend on a PCC’s size and activities. A PCC’s register entry will show the policies it has. The commission’s guidance states “The commission believes that having written policies which are relevant to a charity’s size and activities ,implemented effectively and reviewed regularly strengthens a charity’s effectiveness and helps to demonstrate that trustees are taking their legal responsibilities and good governance seriously.”
Our national church colleagues are considering providing policy templates which PCCs may choose to adopt and use in due course.
Should your PCC be a registered charity?
If your income in 2014 OR 2013 was over £100,000 you need to register without delay. Further details on registration can be found on the Parish Resources website.