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5.—(1) The following conditions shall apply to the payment of all grants under these Regulations:–
(a)the managers shall furnish such estimates of income and expenditure and shall give such other information to the Secretary of State as he may require;
(b)the managers shall keep proper accounts;
(c)the accounts shall be prepared and audited to the satisfaction of the Secretary of State;
(d)the managers shall submit audited accounts to the Secretary of State as soon as possible after the end of each financial year;
(e)the books and other documents relating to the managers' accounts shall be open to inspection by the Secretary of State and by the Comptroller and Auditor General; and
(f)the managers shall comply with any requirements imposed by these Regulations.
(2) Payment of all grants shall also be subject to such further conditions as the Secretary of State may determine in the particular case.
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