# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 7

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

If it appears to the committee of management of a society that there are special reasons for departing from any of the principles stated above in preparing annual accounts in respect of any financial year, they may do so, but particulars of the departure, the reasons for it, and its effect must be given in a note to the accounts.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/7 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.