# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Regulation 5: Annual accounts—group accounts society

Extent: E+W+S+N.I.

In respect of the annual accounts of a group accounts society:
(a) the provisions of this regulation apply subject to the provisions of regulation 7 below, the supplementary provisions of which also have effect in relation to those accounts; and
(b) within those accounts:
(i) every income and expenditure account relating to the society must be prepared in the format set out in Part I of Schedule 1;
(ii) every income and expenditure account relating to the society and its subsidiaries must be prepared on a consolidated basis in the format set out in Part I of Schedule 1 with the modifications specified in Part II of that Schedule;
(iii) every balance sheet relating to the society must be prepared in the format set out in Part I of Schedule 2; and
(iv) every balance sheet relating to the society and its subsidiaries must be prepared on a consolidated basis in the format set out in Part I of Schedule 2 with the modifications specified in Part II of that Schedule.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/regulation/5 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.