SCHEDULES

Section 1175

SCHEDULE 9 Removal of special provisions about accounts and audit of charitable companies

Part 1 The Companies Act 1985 (c. 6)

1 In section 240 (requirements in connection with publication of accounts)—

(a) in subsection (1) omit from “or, as the case may be,” to “section 249A(2)”;

(b) in subsection (3)(c) omit from “and, if no such report” to “any financial year”;

(c) after subsection (3)(c) insert “, and”;

(d) omit subsection (3)(e) and the “, and” preceding it;

(e) in the closing words of subsection (3) omit from “or any report” to “section 249A(2)”.

2 In section 245 (voluntary revision of annual accounts or directors' report), in subsection (4)(b) omit “or reporting accountant”.

3 In section 249A (exemptions from audit)—

(a) omit subsections (2), (3A) and (4);

(b) in subsection (6) for “figures for turnover or gross income” substitute “figure for turnover”;

(c) in subsection (6A) omit “or (2)”;

(d) in subsection (7) omit the definition of “gross income” and the “, and” preceding it.

4 In section 249B (cases where exemptions not available)—

(a) in the opening words of subsection (1) omit “or (2)”;

(b) in subsection (1C)(b) omit from “where the company referred to” to “is not a charity”;

(c) in subsection (3) omit “or (2)”;

(d) in subsection (4), in the opening words and in paragraph (a), omit “or (2)”.

5 Omit section 249C (report required for purposes of section 249A(2)).

6 Omit section 249D (the reporting accountant).

7 In section 249E (effect of exemptions) omit subsection (2).

8 In section 262A (index of defined expressions) omit the entry for “reporting accountant”.

Part 2 The Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)

9 In Article 248 (requirements in connection with publication of accounts)—

(a) in paragraph (1) omit from “or, as the case may be,” to “Article 257A(2)”;

(b) in paragraph (3)(c) omit from “and, if no such report” to “any such financial year”;

(c) after paragraph (3)(c) insert “, and”;

(d) omit paragraph (3)(e) and the word “, and” preceding it;

(e) in the closing words of paragraph (3) omit from “or any report” to “Article 257A(2)”.

10 In Article 253 (voluntary revision of annual accounts or directors' report), in paragraph (4)(b) omit “or reporting accountant”.

11 In Article 257A (exemptions from audit)—

(a) omit paragraphs (2), (3A) and (4);

(b) in paragraph (6) for “figures for turnover or gross income” substitute “figure for turnover”;

(c) in paragraph (6A) omit “or (2)”;

(d) in paragraph (7) omit the definition of “gross income” and the “, and” preceding it.

12 In Article 257B (cases where exemptions not available)—

(a) in the opening words of paragraph (1) omit “or (2)”;

(b) in paragraph (1C)(b) omit from “where the company referred to” to “is not a charity”;

(c) in paragraph (3) omit “or (2)”;

(d) in paragraph (4), in the opening words and in sub-paragraph (a), omit “or (2)”.

13 Omit Article 257C (report required for purposes of Article 257A(2).

14 Omit Article 257D (the reporting accountant).

15 In Article 257E (effect of exemptions) omit paragraph (2).

16 In Article 270A (index of defined expressions) omit the entry for “reporting accountant”.