[GNC] Further to restricted/unrestricted funds

Chris Green cl at isbd.net
Sat Aug 29 06:40:00 EDT 2020


I have been doing some reading around this restricted/unrestricted
funds issue.

I think in reality we have *no* restricted funds in our PCC.  What I
*thought* were restricted funds are actually 'designated' funds.  I.e.
we (the PCC) have made a collection for example 'for repairs to the
church roof', this is (as I understand it anyway) designated and while
it will probably be used to mend the roof the PCC is quite at liberty
to change its mind and do something else with the money.

A restricted fund is something where the *donor* has specified that
the money is to be used for a specific purpose and is often long term
and may actually (though not necessarily) be an endowment or some such.

I don't think I need to manage 'restricted' funds as we don't have any
in our tiny little church.

-- 
Chris Green


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