Section 133 Account and statement an option for lower-income charities
If a charity's gross income in any financial year does not exceed F1£500,000 the charity trustees may, in respect of that year, elect to prepare—
(a)
a receipts and payments account, and
(b)
a statement of assets and liabilities,
instead of a statement of accounts under section 132(1).
Annotations
Textual amendments
- F1
Sum in s. 133 substituted (30.9.2026) by The Charities Acts 1992 and 2011 (Substitution of Sums) Order 2026 (S.I. 2026/427), arts. 1(1), 3(3) (with art. 5(6))