Paragraph 2

The receipts and payments account shall set out the aggregate receipts and payments for the financial year in sufficient detail as may reasonably enable the user to gain a proper appreciation of the transactions and the excess of receipts over payments or payments over receipts for that year; and in particular the following, if any, shall be shown separately:—

(a)

proceeds of sale of investments;

(b)

proceeds of sale of assets;

(c)

income from investments other than land and buildings;

(d)

rents from land and buildings;

(e)

proceeds from fund raising activities;

(f)

legacies;

(g)

grants received;

(h)

donations (excluding legacies) received;

(i)

gross trading receipts;

(j)

other material receipts;

(k)

purchases of investments;

(l)

purchases of other assets;

(m)

expenses of fund raising activities;

(n)

publicity expenses;

(o)

administrative costs detailing material items;

(p)

gross trading payments;

(q)

the remuneration of the auditor or independent examiner in respect of—

(i)

audit services; and

(ii)

other services such as taxation advice, consultancy, financial advice and accountancy;

(r)

grants and donations relating directly to charitable activities;

(s)

other payments relating directly to charitable activities; and

(t)

other material payments.