C1Part 8Charity accounts, reports and returns
CHAPTER 1Individual accounts
132Preparation of statement of accounts
C21
The charity trustees of a charity must (subject to section 133) prepare in respect of each financial year of the charity a statement of accounts complying with such requirements as to its form and contents as may be prescribed by regulations made by the F1Secretary of State.
2
Regulations under subsection (1) may in particular make provision—
a
for any such statement to be prepared in accordance with such methods and principles as are specified or referred to in the regulations;
b
as to any information to be provided by way of notes to the accounts.
3
Regulations under subsection (1) may also make provision for determining the financial years of a charity for the purposes of this Act and any regulations made under it.
4
But regulations under subsection (1) may not impose on the charity trustees of a charity that is a charitable trust created by any person (“the settlor”) any requirement to disclose, in any statement of accounts prepared by them under subsection (1)—
a
the identities of recipients of grants made out of the funds of the charity, or
b
the amounts of any individual grants so made,
if the disclosure would fall to be made at a time when the settlor or any spouse or civil partner of the settlor was still alive.
Pt. 8 applied (with modifications) (2.1.2013) by The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (S.I. 2012/3013), regs. 1, 41