FAQs on Parish Reserves

Here are a number of Frequently Asked Questions regarding Parish Reserves...

1. Why does the PCC need to have a reserves policy?

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2. What will happen if a PCC doesn’t comply?

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3. We have no money so why do we need a reserves policy?

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4. What if a PCC has very large reserves (say, over £100,000)?

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5. We have more than we need – what should we do?

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6. We know the roof will need replacing eventually. Should we build up reserves for this?

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7. What are designated funds?

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8. Why should we consider having a mission opportunities fund?

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9. How do I handle property assets in a Reserves Policy e.g. church halls, houses?

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10. What about unrestricted legacies?

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11. What if the PCC employs staff?

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