The Charities Accounts (Scotland) Regulations 1992

Explanatory Note

(This note is not part of the Regulations)

These Regulations prescribe the form and content of the statement of accounts of a Scottish charity, the additional information to be provided with them by way of notes, the procedures for their approval, the requirements for their audit or examination, the keeping of their records and the alternative statement of accounts for a charity whose gross income in a year does not exceed £25,000.

Regulation 3 specifies that a Scottish charity, the gross annual receipts of which do not exceed £25,000 and the founding deed of which does not require an audit, may select the alternative statement of accounts.

Regulation 4 and Schedule 1 specify what information is to be shown in the accounts including the figures for the preceding period.

Regulation 5 and Schedule 2 specify what additional information is required in the form of notes to the accounts.

Regulation 6 specifies how the accounts are to be approved.

Regulation 7 specifies how Scottish charities which are required or elect to audit their accounts shall do so.

Regulation 8 specifies how Scottish charities which are not subject to the requirements of Regulation 7 shall arrange for independent examination of their accounts.

Regulation 9 specifies where and by whom the accounting records of a Scottish charity are to be kept.