Churches must adhere to specific reporting and accounting rules and regulations.
The Charity Commission created the charities SORP – which stands for Statement of Recommended Practice – to provide guidance on how charities should prepare their annual accounts and report on their finances. It is a statement of required practice and all charities have to follow the guidelines.
Church denominations have adopted the SORP as its standard basis for annual financial reporting, so that they can provide the same information to both government and the wider church.
Treasurers and accountants usually have responsibility for ensuring that reports are accurate and understandable and these resources will help to improve your technical competence, as well as produce reports that are accessible to all.
SEVERAL chapters of ACAT’s handbook have been updated to ensure that church treasurers of all denominations remain fully briefed.The handbook is written to provide guidance for treasurers and others concerned with the financial and legislative affairs of their church, on a wide range of financial matters. The updating has been overseen by ACAT’s Treasurer Greyham […]
Liberty Accounts has launched a new tool called ‘Prepayments Scheduler’ which is intended to make the lives of church treasurers even more straightforward. The company – which is one of ACAT’s Partners in Ministry – provides cloud accounting and payroll software and specialises in supporting the not-for-profit sector. Its software has been designed to address […]
ACAT is urging church treasurers to book places for our 2020 Virtual Conference “at the earliest opportunity” to avoid disappointment following the great success of our first online courses. These online courses are now practically fully booked – a little over a fortnight after they were launched. ACAT’s Executive Officer Ashley Ellis is calling on […]