Finance
The Finances of the Project are controlled by the Treasurer who is a former manager with HSBC and a current member of the Chartered Institute of Credit Management. Accounts are prepared, reconciled, reported and reviewed by the Project Management Team at their regular meetings. Budgets of anticipated expenditure are prepared and reviewed at the same meetings. The Treasurer also prepares accounts for the PCMC which is responsible for the day to day operation of the Parish Centre and is a Trustee of the PCC.
Annual accounts for the Regeneration Project and PCMC are independently examined and consolidated within the PCC accounts. Regeneration Project monies are accounted for as a restricted fund, ring fenced for the Regeneration Project.
We are grateful to our donors who are willing to provide Gift Aid declarations to increase the amount of the donation. Gift Aid is processed through the PCC (as the registered charity) and paid to the Regeneration Project on a regular basis.
Expenditure is authorised by the Management Team within agreed limits. Cheques and on–line bank payments require two signatories. An audit trial is established and cross referenced to the budget and authorisations report.
The following documents are attached below for information:
- Order of Cost Report dated April 2021. The order of cost estimate has been increased to £2.4 million to take account of price increases since April 2021, and to anticipate further price increases of 9% between now and 2024.
- A copy of the Alverstoke Parish Centre Regeneration Accounts, year ending 31/12/21.
- A copy of the Annual Report and Financial Statements of St Mary's Alverstoke PCC year ending 31/12/21
- Copies of the PCC Employer's and Public Liability Insurance Policies
- Diversity Statement
- Hiring form for the Parish Centre which gives the hourly rates and conditions of hire, and which must be completed by any person or organisation wanting to hire the premises.