Published on April 9th, 2021 | by Content Admin0
St Michael’s Church, Aynho: Finance
Church Governance – Finance
The finances of the Church are the responsibility of all the Trustees of St Michael’s Church who are the representatives elected or appointed on the Parochial Church Council (PCC) of Aynho. The church follows the guidance of the Charity Commission and prepares the financial statements accordingly but makes it report to the Diocese of Peterborough rather than to the Charity Commission.
The financial statements are prepared at year end and when ready are independently examined by a person approved of having financial and accounting competence. They are then considered by the PCC and approved for publishing and reporting.
The accounts are published in time to be seen by those attending the Annual Parish Church Meeting (APCM) so that they may be discussed in an open meeting, comments made, questions asked and answers given.
Simultaneous reporting is made to the Diocese so that they can be considered in Diocesan context.
A general explanation of the need to raise income and to spend that income is explained here
The detailed accounts with pages covering:
Balance Sheet and Funds
The Analysis of the Church’s Charitable Giving is below in the….