Modifications etc. (not altering text)
C1Pt. 8 applied (with modifications) (2.1.2013) by The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (S.I. 2012/3013), regs. 1, 41
(1)The charity trustees of a parent charity or of any charity which is a subsidiary undertaking must ensure that the accounting records kept in respect of the charity under—
(a)section 130(1) (individual accounts: accounting records), or
(b)(as the case may be) section 386 of the Companies Act 2006 (duty to keep accounting records),
are such as to enable the charity trustees of the parent charity to ensure that, where any group accounts are prepared by them under section 138(2), those accounts comply with the requirements of regulations under section 142.
(2)The duty in subsection (1) is in addition to the duty to ensure that the accounting records comply with the requirements of—
(a)section 130(1), or
(b)section 386 of the Companies Act 2006.
(3)Subsection (4) applies if a parent charity has a subsidiary undertaking in relation to which the requirements of—
(a)section 130(1), or
(b)section 386 of the Companies Act 2006,
do not apply.
(4)The charity trustees of the parent charity must take reasonable steps to secure that the undertaking keeps such accounting records as to enable the trustees to ensure that, where any group accounts are prepared by them under section 138(2), those accounts comply with the requirements of regulations under section 142.