C1Part 8Charity accounts, reports and returns
Annotations:
Modifications etc. (not altering text)
CHAPTER 1Individual accounts
133Account and statement an option for lower-income charities
If a charity's gross income in any financial year does not exceed £250,000, the charity trustees may, in respect of that year, elect to prepare—
a
a receipts and payments account, and
b
a statement of assets and liabilities,
instead of a statement of accounts under section 132(1).
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