We have received a number of inquires regarding local women’s fellowships and the need to have the financial transactions incorporated into a set of parish financial statements each financial year.
Each registered charity (for the Methodist Church that means every parish) needs to prepare financial statements which incorporate ALL of the activities of the registered charity (the parish).
As a local women’s fellowship is “attached” to a local parish are its activities are closely aligned with those of the parish, the financial transactions of a local women’s fellowship need to be incorporated into the parish financial statements each financial year. This can be achieved in a number of ways depending on the circumstances of the parish. This be discussed with the accountants in the Connexional Office if need be.
The preparers of the financial statements of the parish should make contact with the local women’s fellowship to obtain the financial transactions or financial statements of the women’s fellowship. The National Executive of the Women’s fellowship have confirmed that the financial year of a local women’s fellowship has been aligned with the the National Executive and parish balance date of 30 June so obtaining the information should not be a problem.