Charities (Annual Statement of Accounts) Regulations

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Not current version
(version history — see timeline)

Charities Act

(Chapter 37, Sections 13(1) and 48)

Charities (Annual Statement of Accounts) Regulations

Rg 3

G.N. No. S 480/1994

REVISED EDITION 1995

(1st April 1995)

[1st January 1995]

Citation

1. These Regulations may be cited as the Charities (Annual Statement of Accounts) Regulations.

Statement of accounts

2.—(1) For the purposes of section 13(1) of the Act, the statement of accounts to be prepared by the charity trustees of a charity shall contain —

(a)

an income and expenditure account showing the income and the expenditure of the charity during the financial year;

(b)

a balance-sheet showing the assets, liabilities and funds of the charity at the end of the financial year;

(c)

an explanation of the accounting policies used to prepare the accounts;

(d)

the details of transactions relating to, and the state of, the various funds of the charity;

(e)

notes on —

(i)	how the funds reflected in the balance-sheet must or may be utilised because of restrictions imposed by donors; and
(ii)	the relationships between, and analyses of, the information contained in the income and expenditure account and balance-sheet; and

(f)

notes which explain, expand on or provide the circumstances relating to, or other useful information on, the information contained in the income and expenditure account and balance-sheet.

(2) For each sum disclosed in the statement of accounts or in the notes to the statement of accounts, the corresponding sum for the previous financial year is to be stated.

(3) The dates covered by the current and previous statements of accounts are to be stated.

Financial year

3. For the purposes of the Act and any regulations made thereunder, “financial year”, in relation to a charity which is not a company, means a period of 12 months.

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