C1Part 2Regulation of Social Housing
Chapter 4Registered providers
Accounts
I1135Charity
1
This section applies to a F2... registered provider which is a registered charity.
2
The charity shall—
a
keep proper accounting records of its transactions and its assets and liabilities in relation to its housing activities, and
b
maintain a satisfactory system of control of those records, its cash holdings and its receipts and remittances in relation to those activities.
3
For each period of account the charity shall prepare—
a
a revenue account giving a true and fair view of the charity's income and expenditure during the period, so far as relating to its housing activities, and
b
a balance sheet giving a true and fair view of the state of affairs of the charity as at the end of the period.
4
The revenue account and balance sheet must be signed by at least two directors or trustees.
5
“Period of account” means—
a
a period of 12 months, or
b
such other period not less than 6 months nor more than 18 as the charity may, with the consent of the regulator, determine.
6
This section does not affect any obligation under F1Part 8 of the Charities Act 2011.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)