Textual Amendments
F1Sch. 5A inserted (27.2.2007 for the insertion of Sch. 5A paras. 3(3)(b)(4)(5), 4(2)(3), 6(2), 8, 10(2)(3), 15 for specified purposes, 1.4.2008 in so far as not already in force) by Charities Act 2006 (c. 50), s. 79(2), Sch. 6 (with Sch. 10 para. 17); S.I. 2007/309, art. 2, Sch.; S.I. 2008/945, art. 2, Sch. 1
10(1)This paragraph applies where group accounts are prepared for a financial year of a parent charity under paragraph 3(2).E+W
(2)The annual report prepared by the charity trustees of the parent charity in respect of that year under section 45 of this Act shall include—
(a)such a report by the trustees on the activities of the charity's subsidiary undertakings during that year, and
(b)such other information relating to any of those undertakings,
as may be prescribed by regulations made by the Minister.
(3)Without prejudice to the generality of sub-paragraph (2), regulations under that sub-paragraph may make provision—
(a)for any such report as is mentioned in paragraph (a) of that sub-paragraph to be prepared in accordance with such principles as are specified or referred to in the regulations;
(b)enabling the Commission to dispense with any requirement prescribed by virtue of sub-paragraph (2)(b) in the case of a particular subsidiary undertaking or a particular class of subsidiary undertaking.
(4)Section 45(3) to (3B) shall apply in relation to the annual report referred to in sub-paragraph (2) above as if any reference to the charity's gross income in the financial year in question were a reference to the aggregate gross income of the group in that year.
(5)When transmitted to the Commission in accordance with sub-paragraph (4) above, the copy of the annual report shall have attached to it both a copy of the group accounts prepared for that year under paragraph 3(2) and—
(a)a copy of the report made by the auditor on those accounts; or
(b)where those accounts have been examined under section 43, 43A or 43B of this Act (as applied by paragraph 7 above), a copy of the report made by the person carrying out the examination.
(6)The requirements in this paragraph are in addition to those in section 45 of this Act.]