(1)There shall be a body corporate known as the National Lottery Charities Board.
(2)Schedule 5 makes provision in relation to the Charities Board.
(1)The Charities Board may make out of any money they receive grants for meeting the expenditure of charities or of institutions such as are mentioned in paragraph (b) of the definition of “charitable expenditure” in section 44(1) [F1, including grants for establishing or contributing to endowments in connection with such expenditure].
(2)In making a grant under this section, the Charities Board may impose such conditions as they think fit, including conditions requiring the amount of a grant to be repaid forthwith on breach of any condition.
F2[(3)The Charities Board may for the purpose of enabling them to exercise their functions acquire and dispose of land.]
Textual Amendments
F1Words in s. 38(1) added (retrospectively) by National Lottery (Funding of Endowments) Act 2003 (c. 23), s. 1(5)(9)
F2S. 38(3) inserted (2.9.1998) by 1998 c. 22, ss. 14(1), 27(5).
(1)The Charities Board shall—
(a)keep proper accounts and proper records in relation to the accounts, and
(b)prepare a statement of accounts in respect of each financial year.
(2)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.
(3)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.
(4)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.
(5)The Secretary of State shall not give a direction under this section without the Treasury’s approval.