# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 19: Reserves and provisions

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

(1) Where any amount is transferred:
(a) to or from any reserves;
(b) to any provisions for liabilities; or
(c) from any provisions for liabilities otherwise than for the purpose for which the provision was established,
and the reserves or provisions are or would but for regulation 6(3) above be shown as separate items in the society’s balance sheet, the information mentioned in the following sub-paragraph must be given in respect of the aggregate of reserves or provisions included in items in the balance sheet to which any such transfer relates.
(2) That information required by this paragraph is:
(a) the amount of the reserves or provisions as at the date of the beginning of the financial year and as at the balance sheet date respectively; and
(b) any amounts transferred to or from the reserves or provisions during that year.
(3) Particulars must be given of each provision included in Liabilities item E.3 (other provisions) in the society’s balance sheet in any case where the amount of that provision is material.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/4/paragraph/19 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-4/paragraph-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.