{
  "url": "https://openlegislation.uk/birmingham-assay-office-order-1989/article-10",
  "json_url": "https://openlegislation.uk/birmingham-assay-office-order-1989/article-10.json",
  "legislation": "uksi/1989/900",
  "legislation_title": "The Birmingham Assay Office Order 1989",
  "legislation_url": "https://openlegislation.uk/birmingham-assay-office-order-1989",
  "path": "article/10",
  "kind": "article",
  "number": "10",
  "heading": "Accounts, financial year and audit",
  "text": "(1) The wardens shall cause to be prepared for presentation to each annual meeting accounts of the Company for the last financial year then ended and showing the income received in respect thereof and the expenditure thereout and a balance sheet showing the assets and liabilities of the Office, and such accounts and balance sheet shall have been duly audited by the auditor of the Company and his report thereon shall be annexed or appended to those accounts and balance sheet.\n(2) The financial year of the Company shall end on 30th June or on such other date as the guardians may from time to time determine.\n(3) The auditor of the Company shall be appointed by the guardians and no person shall be qualified to be appointed auditor under this article unless he is a member or in the case of a firm all the partners therein are members of one or more of the following bodies:–\nthe Institute of Chartered Accountants in England and Wales;\nthe Institute of Chartered Accountants of Scotland;\nthe Chartered Association of Certified Accountants;\nthe Institute of Chartered Accountants in Ireland;\nany body of accountants established in the United Kingdom which is for the time being recognised for the purposes of section 389(1)(a) of the Companies Act 1985 by the Secretary of State.\n(4) The auditor or, in the case of a firm being the auditors, any partner therein, shall not be capable of being a guardian or warden nor shall a guardian, warden, or employee of the Company, or any firm or partner in a firm of which he is a partner, be capable of being the auditor.\n(5) As soon as the accounts of the Company have been approved by the Company, they shall cause a copy of the accounts to be sent to the British Hallmarking Council; and a copy of the accounts shall be kept at the office of the Company and any person interested shall be entitled, free of charge, to inspect and to take copies of, or extracts from the copy of, the accounts.\n(6) Any person, on application to the Company, shall be entitled to be furnished at his option with copies of the accounts or statements summarising the accounts of the Company, on payment of such reasonable sums as the Company may determine.\n(7) The Company shall cause such proper books of account to be kept as are necessary to give a true and fair view of the affairs and transactions of the Company; and such books shall be open at all reasonable times to the inspection of the wardens and of the guardians.\n(8) There shall, in a note to the accounts of the Company prepared under the provisions of this article:\n(a) if one person has served as chairman of the wardens throughout the financial year, be shown his emoluments and otherwise be shown, with respect to each person who has served as chairman of the wardens during the financial year, his emoluments so far as they may be attributable to the period of such financial year during which he was chairman; and\n(b) with respect to all the wardens be shown the number (if any) who had no emoluments or whose several emoluments amounted to not more than £1,000 and, by reference to each pair of adjacent points on a scale whereon the lowest point is £1,000 and the succeeding ones are successive integral multiples of £1,000 the number (if any) whose several emoluments exceeded the lower point but did not exceed the higher.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 6."
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2008/948",
      "affecting_title": "The Companies Act 2006 (Consequential Amendments etc) Order 2008"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/900/article/10",
    "retrieved_at": "2026-10-29T15:43:54.512260+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}