The Charities (Accounts and Reports) Regulations 2008

1. Introductory Text

2. PART 1 GENERAL

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. Financial year of a charity which is not a company

   4. 4. Application, revocation, savings and transitional provisions

3. PART 2 FORM AND CONTENT OF STATEMENTS OF ACCOUNT

   1. 5. General

   2. 6. Form and content of statement of accounts: investment funds

   3. 7. Form and content of statement of accounts: special case charities

   4. 8. Form and content of statement of accounts: charities other than investment funds or special case charities

4. PART 3 PREPARATION OF GROUP ACCOUNTS

   1. CHAPTER 1 GENERAL

      1. 9. Meaning of “aggregate gross income”

      2. 10. Financial years of subsidiary undertakings

      3. 11. Requirement for financial years of a parent charity and its subsidiary undertakings to coincide

   2. CHAPTER 2 FORM AND CONTENT OF GROUP ACCOUNTS

      1. 12. Form and content of group accounts: general

      2. 13. Form and content of group accounts: parent charities that are investment funds

      3. 14. Form and content of group accounts: parent charities that are special case charities

      4. 15. Form and content of group accounts: parent charities that are not investment funds or special case charities

      5. 16. Form and content of group accounts: general requirements

      6. 17. Group Accounts: departure from the general rules

   3. CHAPTER 3 EXCEPTIONS TO THE REQUIREMENT TO PREPARE GROUP ACCOUNTS

      1. 18. Exceptions relating to requirement to prepare group accounts

      2. 19. (1) The circumstances in which a subsidiary undertaking may be...

5. PART 4 SCRUTINY OF ACCOUNTS

   1. CHAPTER 1 GENERAL

      1. 20. Duties of auditors: general

      2. 21. The duties of an auditor carrying out an audit of...

      3. 22. Duties of examiners: general

      4. 23. The duties of an examiner with respect to the making...

   2. CHAPTER 2 AUDIT OF INDIVIDUAL CHARITY ACCOUNTS

      1. 24. Duties of auditors: audit of a statement of accounts prepared under section 42(1) of the 1993 Act

      2. 25. Duties of auditor: audit of accounts prepared under Part 7 of the Companies Act 1985

      3. 26. Duties of auditors: audit of a receipts and payments account and a statement of assets and liabilities prepared under section 42(3) of the 1993 Act

      4. 27. Duties of auditors of the accounts of English National Health Service Charities

      5. 28. Duties of auditors of accounts of Welsh National Health Service Charities

   3. CHAPTER 3 AUDIT OF GROUP ACCOUNTS

      1. 29. Audit of accounts of larger groups

      2. 30. Duties of auditors carrying out an audit of group accounts under paragraph 6 of Schedule 5A to the Charities Act 1993

   4. CHAPTER 4 INDEPENDENT EXAMINATION OF INDIVIDUAL CHARITY ACCOUNTS

      1. 31. Independent examination of individual charity accounts

   5. CHAPTER 5 EXAMINATION OF THE ACCOUNTS OF ENGLISH AND WELSH NATIONAL HEALTH SERVICE CHARITIES

      1. 32. Examination of the accounts of English and Welsh National Health Service Charities

   6. CHAPTER 6 MISCELLANEOUS

      1. 33. Audit and independent examination: supplementary provisions

      2. 34. Dispensations from audit or examination requirements

      3. 35. Ceasing to hold office

      4. 36. Auditors appointed by the Commission

6. PART 5 ANNUAL REPORTS

   1. 37. General

   2. 38. Annual Reports: non-parent investment fund

   3. 39. Annual Reports: parent investment funds

   4. 40. Annual reports: non-parent charity

   5. 41. Annual Reports: qualifying parent charities

7. Signature

8. 1. SCHEDULE 1

      STATEMENTS OF ACCOUNTS: INVESTMENT FUNDS

      1. PART 1 STATEMENT OF TOTAL RETURN

         1. 1. The statement of total return must show—

         2. 2. Subject to paragraph 4, the information required by paragraph 1...

         3. 3. In the case of a common investment fund established by...

         4. 4. Where a sub-paragraph of paragraph 2 requires information to be...

      2. PART 2 STATEMENT OF CHANGE IN NET ASSETS

         1. 5. The statement of change in net assets must provide a...

         2. 6. The reconciliation referred to in paragraph 5 must show—

         3. 7. In the case of a common investment fund to which...

      3. PART 3 BALANCE SHEET

         1. 8. The balance sheet must show the state of affairs of...

         2. 9. In the case of a common investment fund to which...

         3. 10. In the case of a common investment fund to which...

         4. 11. In the case of a common deposit fund, the specified...

         5. 12. Despite the requirement in paragraph 11(c) to divide into separate...

      4. PART 4 METHODS AND PRINCIPLES

         1. 13. (1) The statement of total return must give a true...

         2. 14. (1) Subject to paragraphs (2) and (3), in respect of...

         3. 15. The values at which assets and liabilities of an investment...

      5. PART 5 NOTES TO THE ACCOUNTS

         1. 16. (1) The information to be provided by way of notes...

      6. PART 6 INTERPRETATION

         1. 17. (1) In this Schedule— “dividend equalisation reserve” means income withheld...

   2. SCHEDULE 2

      NOTES TO THE STATEMENT OF ACCOUNTS PREPARED BY A CHARITY THAT IS NOT AN INVESTMENT FUND OR SPECIAL CASE CHARITY

      1. 1. (1) Subject to sub-paragraphs (2) and (3) and in so...

9. Explanatory Note