Local Government Act 1985

78 Accounts. E+W

(1) A residuary body shall keep proper accounts and proper records in relation to them.

(2) A residuary body shall prepare a statement of accounts in respect of each financial year.

(3) The statement shall comply with any directions given by the Secretary of State, with the consent of the Treasury, as to the information to be contained in the statement, the manner in which the information is to be presented or the methods and principles according to which the statement is to be prepared.

(4) Without prejudice to section 65 above the Secretary of State may give directions to a residuary body requiring it—

(a) to keep accounts in respect of such matters and records relating to them as may be specified in the direction; and

(b) to comply with such methods and principles as may be so specified with respect to any accounts or records kept by that body;

and it shall be the duty of a residuary body to comply with any such directions.

Modifications etc. (not altering text)

C1 S. 78: certain functions transferred by S. I. 1991/517, arts. 2(d), 3(a)

C2 S. 78: certain functions transferred by S.I. 1989/814, art. 11(a)

C3 S. 78: certain functions transferred by S.I. 1989/1359, reg. 11(a)

C4 S. 78: certain functions transferred by S.I. 1989/2470, art. 12(a)

C5 S. 78(1)(2)(3) amended by S.I. 1989/1815, art. 2, Sch. 1 para. 7(1)