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ODBF » PCC and Deanery Treasurers » Accounting for the church building? « Previous Next »

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David Evershed
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Username: Evershed

Post Number: 1
Registered: 12-2006
Posted on Thursday, December 21, 2006 - 10:44 am:   Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)
The PCC's biggest asset (and liability!) is normally the church building.

How should this be valued for the Balance Sheet and what depreciation rate should be used for the Statement of Financial Affairs?
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David Evershed
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Username: Evershed

Post Number: 2
Registered: 12-2006
Posted on Thursday, December 21, 2006 - 10:54 am:   Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)
I think I can now answer my own query.

In the Treasurer's Manual it says:

" Tangible fixed assets
These might include:
Church buildings such as the church hall, houses owned by the parish and the parish office but not the church itself or the parsonage house as those belong to the benefice"

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