# The Charities Act 2006 (Commencement No. 5, Transitional and Transitory Provisions and Savings) Order 2008, Article 15: Formerly specified educational institutions: transitional and transitory provisions and savings


(1) Despite articles 13 and 14, the charity trustees of a formerly specified educational institution must—
(a) keep proper books of account with respect to the affairs of the institution during any transitory financial year; and
(b) if not required by or under the authority of any Act of Parliament to prepare a statement of accounts for a transitory financial year, prepare—
(i) an income and expenditure account relating to that financial year; and
(ii) a balance sheet relating to the end of that financial year.
(2) Any books of accounts and statements of account kept or prepared under paragraph (1) must be kept for a period of at least six years unless—
(a) the institution ceases to exist; and
(b) the Commission consents in writing to their being destroyed or otherwise disposed of.

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Source: https://www.legislation.gov.uk/uksi/2008/3267/article/15 (the official version)
Page: https://openlegislation.uk/charities-act-2006-commencement-no-5-transitional-and-transitory-provisions-and-savings-order-2008/article-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.