The Charities Accounts (Scotland) Regulations 1992

Interpretation

2.  In these Regulations:

“the Act” means the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990;

“designated fund” means a fund which has been allocated or designated for specific purposes by a recognised body;

“founding deed” means the trust deed of a recognised body or other document constituting the body;

“gross income” in relation to a recognised body means the total of its income from all sources that is required in terms of the Schedules to these Regulations to be recorded in the income and expenditure account;

“gross expenditure” in relation to a recognised body means the total of its expenditure on all purposes that is required in terms of the Schedules to these Regulations to be recorded in the income and expenditure account;

“gross receipts” in relation to a recognised body means the total of the sums received from all sources after deducting the proceeds, if any, of the sale of investments and the sale of assets and receipts in respect of a permanent endowment fund;

“permanent endowment fund” means a fund which must be held permanently although its constituent assets may change from time to time;

“record” means a record kept either in documentary form or, where kept by means of a computer or in other non-documentary form, the information comprised in such computer or in such other non-documentary form produced in a form in which it is tangible and legible;

“trustees”, in relation to any recognised body, means the persons in management or control of that body;

and any other expression used in these Regulations which is also used in Part I of the Act will have the same meaning in these Regulations as it has in that Part.