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Paragraph 6

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The statement of balances shall–

(a)

distinguish between unrestricted, restricted, expendable endowment or permanent endowment funds;

(b)

reconcile the cash and bank balances at the beginning and end of the financial year with the surplus or deficit shown by the receipts and payments account;

(c)

summarise the holding of investments and market valuation;

(d)

summarise other assets including gifted assets and state the cost or a valuation of the assets if available, and where the charity trustees consider the valuation to be lower than the cost, state the valuation;

(e)

state an estimate of the liabilities at the end of the financial year showing separately any contingent liabilities.