The Community Health Councils (Constitution, Membership and Procedures) (Wales) Regulations 2010

PART VI Finance and Accounts

Finance

40.—(1) The Welsh Ministers may pay to the CHC Board and the Councils such sums as the Welsh Ministers consider necessary to enable the CHC Board and the Councils to carry out its and their functions respectively under these Regulations and such sums may be paid at such times and subject to such conditions as the Welsh Ministers may from time to time determine.

(2) The CHC Board must submit to the Welsh Ministers in such form and by such date as the Welsh Ministers may require, such estimates as the Welsh Ministers may require of the expenditure which the CHC Board expects to incur during such financial years as the Welsh Ministers may specify.

(3) Each Council must submit to the CHC Board in such form and by such dates as the CHC Board may specify such estimates as the CHC Board may require of the expenditure each Council expects to incur during such financial years as the CHC Board may specify.

(4) The CHC Board must confirm the amounts of the estimates submitted under paragraph (3) with or without modification, or subject to such conditions as the CHC Board thinks fit, and may at any time vary such confirmation or conditions and recommend such sums to the Welsh Ministers for payment under paragraph (1).

(5) The CHC Board and Councils must not incur expenditure in excess of the amounts approved by the Welsh Ministers under this regulation.

Accounts

41.—(1) The CHC Board and the Councils must prepare and keep such accounts in respect of each financial year as the Welsh Ministers may require and such accounts must give a true and fair view of any income and expenditure and cash flows of the CHC Board and the Councils.

(2) The CHC Board and the Councils must send a copy of their respective annual accounts for each financial year to the Welsh Ministers as soon as possible after the end of the financial year.