# The Accounts and Audit (Amendment)(England) Regulations 2006, Regulation 10: Other accounting statements


In regulation 9 (other accounting statements)—
(a) for paragraph (1) substitute—
“(1) Subject to paragraph (3), a smaller relevant body shall prepare for each year an income and expenditure account and a statement of balances, in accordance with, and in the form specified in any Annual Return required by, proper practices in relation to accounts.”;
(b) omit paragraph (2); and
(c) for paragraph (3) substitute—
“(3) Where in relation to a relevant body, the gross income or expenditure (whichever is the higher) was less than £200,000 for the year or for either of the two immediately preceding years, the body shall prepare in accordance with, and in the form specified in any Annual Return required by, proper practices in relation to accounts—
(a) a record of receipts and payments of the body in relation to that year; or
(b) an income and expenditure account and a statement of balances of the body in relation to that year.”.

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Source: https://www.legislation.gov.uk/uksi/2006/564/regulation/10 (the official version)
Page: https://openlegislation.uk/accounts-and-audit-amendmentengland-regulations-2006/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.