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Do PCCs have to prepare annual reports and accounts?

April 26, 2017accounts annual pccs prepare reports

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Do PCCs have to prepare annual reports and accounts?

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Yes, following the guidance laid down by the Church Accounting Regulations 2006, which require PCCs to comply with the requirements of the Charities Act 1993 (1993 Act) and the Statement of Recommended Practice for accounting by charities (SORP). However, all PCC accounts are required to have an independent examination even if this is not required by the 1993 Act.