The Charities (Accounts and Reports) Regulations 1995

PART II BALANCE SHEET

1.  The balance sheet shall show, by reference to the information specified in paragraph 2 below, the state of affairs of the charity as at the end of the financial year in respect of which the statement of accounts is prepared.

2.  The information referred to in paragraph 1 above is as follows:

(a) fixed assets, divided into—

(i) intangible assets;

(ii) tangible assets for use by the charity; and

(iii) investments; and

(b) current assets, divided into—

(i) stock and work in progress;

(ii) debtors;

(iii) investments; and

(iv) cash at bank and in hand;

(c) short-term creditors;

(d) net current assets or liabilities (that is to say, the difference between the total amount entered in pursuance of sub-paragraph (b) above and the total amount entered in pursuance of sub-paragraph (c) above);

(e) total assets after deduction of current liabilities (that is to say, the total amount entered in pursuance of sub-paragraph (a) above plus the amount entered in pursuance of sub-paragraph (d) above);

(f) long term creditors;

(g) provisions for liabilities or charges;

(h) net assets (that is to say, the amount entered in pursuance of sub-paragraph (e) above less the total amounts entered in pursuance of sub-paragraphs (f) and (g) above); and

(i) funds of the charity, divided into—

(i) unrestricted income funds;

(ii) income funds which are restricted as to their use; and

(iii) capital funds.