Regulation 5 Form and contents of statements of accounts: special case charities
This regulation applies to a statement of accounts prepared by the charity trustees of a special case charity in accordance with section 42(1) of the 1993 Act in respect of a financial year which begins on or after 1st April 2005.
The requirements as to form and contents of a statement of accounts to which this regulation applies are those set out in the following provisions of this regulation.
The statement shall consist of an income and expenditure account and a balance sheet as at the end of the financial year in respect of which the statement of accounts is prepared.
The statement shall be prepared in accordance with the following principles, namely that—
the income and expenditure account shall give a true and fair view of the income and expenditure of the charity for the financial year in respect of which the statement of accounts is prepared; and
the balance sheet shall give a true and fair view of the state of affairs of the charity at the end of that year.
The balance sheet shall be signed by one or more of the charity trustees of the charity, each of whom has been authorised to do so, and shall specify the date on which the statement of accounts of which the balance sheet forms part was approved by the charity trustees.