The Charities (Accounts and Reports) Regulations 2005

2.  The information required by paragraph 1 above shall be analysed by reference to—

(a) net gains or losses on investments, indicated by—

(i) gains or losses on investments sold during the financial year in question, based on the historical cost of the investment sold;

(ii) any net appreciation or depreciation of such investments recognised in earlier accounting periods;

(iii) the gains or losses on such investments based on their value as shown in the accounts (that is to say, the difference between or, as the case may be, the sum of the amounts entered in pursuance of paragraphs (i) and (ii) above); and

(iv) net unrealised appreciation or depreciation of investments during the financial year in question;

(b) gains or losses on other assets;

(c) gross income, divided into—

(i) dividends in respect of shares;

(ii) scrip dividends;

(iii) interest on securities;

(iv) interest on deposits at banks and building societies;

(v) underwriting commission; and

(vi) other income;

(d) expenditure incurred in the administration of the investment fund, divided into—

(i) any fees payable in respect of investment management services provided to the investment fund;

(ii) any fees payable in respect of the maintenance of the register of charities participating in the investment fund;

(iii) any fees payable in respect of any audit of the accounts of the investment fund;

(iv) any fees payable to the person carrying out such an audit in respect of other services for the investment fund provided by him;

(v) any fees payable in respect of the safe custody of the assets of the investment fund;

(vi) any fees payable in respect of other administrative services provided to the investment fund; and

(vii) other expenditure divided into such categories as reasonably enable the user to gain an appreciation of the expenditure incurred;

(e) net income before taxation (that is to say, the total amounts entered in pursuance of sub-paragraph (c) above less the total amounts entered in pursuance of sub-paragraph (d) above);

(f) tax borne by the investment fund in respect of income, profits or gains during the financial year in question, divided into—

(i) income tax or capital gains tax to which the investment fund is liable in the United Kingdom; and

(ii) overseas tax;

(g) net income after taxation (that is to say, the total amount entered in pursuance of sub-paragraph (e) above, less the total amount entered in pursuance of sub-paragraph (f) above);

(h) total return (that is to say, the total of the amounts entered in pursuance of sub-paragraphs (a), (b) and (g) above);

(i) the amount distributed or due in respect of income and accumulation shares, and interest paid or payable to charities who have deposited sums, during the financial year in question; and

(j) net increase or decrease in the value of the investment fund resulting from its activities (that is to say, the difference between the amounts entered in pursuance of sub-paragraphs (h) and (i) above).