Church Manual - Finance

PCC Funds

General Fund

All church income and expenditure administered by the PCC. Some gifts allow tax reclamation.

Youth Council Fund

Income from children's collections and activities. Expenditure on children's activities and grants.

Churchyard Fund

Churchyard fees and appeals income. Trading fund for wages, expenses, maintenance and development of churchyard. Some gifts allow tax to be reclaimed.

Narthex Fund

Trading fund for hire fees for use of Narthex and Church rooms. Running expenses and maintenance of Narthex and Church Rooms.

Verger

Wedding and Funeral receipts and disbursements, and petty cash payments administered by the Verger. Balances are transferred to the Diocese and General and Churchyard funds monthly.

Associated Funds and Reserves

Envelope Scheme

Accounting of all gifts made through the Envelope scheme. Some gifts allow recovery of tax. Provides income for the General fund

Gift Aid

Recovery of tax on all gifts with a Gift Aid Declaration. Tax reclaimed is credited to the fund that received the original gift.

General Reserve

General repairs reserve. Part of the General fund.

Organ Reserve

Maintenance and development of church organ.

Magazine Fund

Trading fund for parish magazine sales and production. The end of year balance is transferred to the General Fund.

Bookstall Fund

Trading fund for church bookstall.

Flower Fund

Trading fund for provision of church flowers and related fittings.

Other Funds

The funds of the following organisations are not accountable to the PCC but to their members and parent organisation. Income received from them by the church is treated as general income unless specifically designated.

• Mothers' Union
• Church Fellowship
• Men's Society
• Social Committee
• Bowling Club
• Cricket Club
• Lacrosse Club

Norbury Development Trust

The Norbury Development Trust is an independent registered charity no 509905 which raises and manages funds for the development and maintenance of Norbury parish premises.

Development Fund

Expenditure on major church renovation and development

Maintenance Fund

Endowment fund producing income for expenditure on maintenance. Only the interest on the capital may be used for this purpose