The Charities Accounts (Scotland) Regulations 1992

PART 1 Information to be shown in the Balance Sheet and Income and Expenditure Account

1.  The balance sheet shall:—

(a) classify the assets into fixed assets, investments, including investment properties, and current assets; and classify the liabilities into current liabilities being amounts falling due within one year of the balance sheet date and long term liabilities being those falling due after more than one year after the balance sheet date, in such a way as will enable the user to gain a proper appreciation of their spread and character;

(b) analyse the total amount of assets less liabilities between its major funds; and

(c) indicate, wherever possible, which assets and liabilities form part of endowment and other restricted funds.

2.  The income and expenditure account shall set out the aggregate income and expenditure and any appropriations therefrom for the financial year in sufficient detail as may reasonably enable the user to gain a proper appreciation of the transactions and the surplus or deficit for that year; and in particular the following, if any, shall be shown separately:—

(a) realised gains on investments;

(b) realised gains on the disposal of fixed assets;

(c) income from investments other than land and buildings;

(d) rents from land and buildings;

(e) gross income from fund raising activities;

(f) legacies but excluding any amounts provided to form part of a permanent endowment fund;

(g) grants received and receivable but excluding any amounts provided to form part of a permanent endowment fund;

(h) donations (excluding legacies) received and receivable but excluding any amounts provided to form part of a permanent endowment fund;

(i) gross income from trading activities;

(j) other material income;

(k) realised losses on investments;

(l) realised losses on the disposal of fixed assets;

(m) expenses of fund raising activities;

(n) publicity expenses;

(o) administrative costs detailing material items;

(p) the remuneration of the auditor or independent examiner in respect of—

(i) audit services; and

(ii) other services such as taxation advice, consultancy, financial advice and accountancy;

(q) grants and donations made relating directly to charitable activities;

(r) other expenditure relating directly to charitable activities;

(s) gross expenditure on trading activities; and

(t) other material expenditure.