{
  "url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-1995/note",
  "json_url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-1995/note.json",
  "legislation": "uksi/1995/2724",
  "legislation_title": "The Charities (Accounts and Reports) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/charities-accounts-and-reports-regulations-1995",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations, which extend only to England and Wales, make provision with respect to the accounts of charities, the financial years of a charity, the requirements relating to audit or examination of charity accounts and the annual reports of charity trustees.\nRegulation 3 and Schedule 1 prescribe the form and contents of statements of accounts prepared by charity trustees under section 42 of the Charities Act 1993 (“the 1993 Act”), including the information to be provided by way of notes to the accounts and the methods and principles applicable.\nRegulation 4(1) to (6) and Schedule 2 prescribe the form and contents of statements of accounts of common investment funds and common deposit funds and regulation 4(7) prescribes the form and content of statements of accounts of registered housing associations and charities conducting higher and further education institutions.\nRegulation 5 defines the financial year of a charity for the purposes of the 1993 Act and regulations made under that Act.\nRegulation 6 deals with the duties of auditors and the reports which they are required to make. Regulation 7 deals with the reports of independent examiners. Regulation 8 makes supplementary provision with respect to audit and independent examination and regulation 9 prescribes the circumstances in which dispensation from the requirement to have accounts audited or examined may be given by the Charity Commissioners.\nRegulation 10 deals with the annual reports which charity trustees are required to make to the Charity Commissioners.\nThe Recommended Practice for Accounting by Charities referred to in Schedule 1 may be obtained from the Charity Commission, St Alban’s House, 57/60 Haymarket, London SW1Y 4QX and the Recommended Practice for Authorised Unit Trust Schemes referred to in Schedule 2 may be obtained from the Investment Management Regulatory Organisation Ltd, Lloyds Chambers, 1 Portsoken Street, London E1 8BT.\nBy virtue of the Charities Act 1993 (Commencement and Transitional Provisions) Order 1995 (S.I. 1995/2695) these Regulations apply only to financial years of a charity commencing after Part VI of the 1993 Act comes into force.\nA compliance cost assessment of the effect that this instrument would have on the cost of accounting by charities is available from the Publications Unit, Home Office, 50 Queen Anne’s Gate, London SW1H 9AT.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/2724/note",
    "retrieved_at": "2026-10-29T12:59:41.180914+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."
}