(1)As soon as possible after the end of every financial year, each body that in that year was paid any money under section 24 or distributed or applied any money under section 25 shall make a report to the Secretary of State on the exercise during that year of its functions under this Act.
(2)The report shall set out any directions given to the body under section 26 that had effect during the financial year to which the report relates.
(3)The Secretary of State shall lay a copy of every report received by him under this section before Parliament.
(4)This section does not apply to the Millennium Commission.
(1)A body shall keep proper accounts in respect of any money paid to it under section 24 and proper records in relation to the accounts.
(2)A body shall prepare a statement of accounts in respect of each financial year in which it was paid any money under section 24 or distributed or applied any money under section 25.
(3)The statement shall comply with any directions that may be given by the Secretary of State as to the information to be contained in such a statement, the manner in which such information is to be presented or the methods and principles according to which such a statement is to be prepared.
(4)Copies of the statement shall be sent to the Secretary of State and the Comptroller and Auditor General within such period after the end of the financial year to which the statement relates as the Secretary of State may direct.
(5)The Comptroller and Auditor General shall examine, certify and report on the statement and shall lay copies of the statement and of his report before Parliament.
(6)The Secretary of State shall not give a direction under this section without the Treasury’s approval.
(7)This section does not apply to the National Lottery Charities Board [F1, the Millennium Commission or the New Opportunities Fund].
Textual Amendments
F1Words in s. 35(7) substituted (2.7.1998) by 1998 c. 22, ss. 8(1), 27(4).