Paragraph 5 Specified income for the relevant year

In respect of a friendly society which, for a relevant year, is required under section 43 of the 1974 Act to send to the Chief Registrar an annual return in the form of Form A.R.1B, the value of the specified income for that relevant year is the sum of the following amounts required to be entered at the following entries in Form A.R.1B:

(a)

in form A (“SICK AND DEATH FUNDS”), the entry for “Total Contributions and Levies for Benefits (£ )”;

(b)

in forms D (“DISTRESS RELIEF FUND”), E (“ … FUND”), and F (“ … FUND”), which are used for a benefit fund, the entries for “Contributions”;

(c)

in form H (“MANAGEMENT FUND”), the entry for “Contributions for Management”; and

(d)

in form K (“RENT AND INTEREST ALLOCATION ACCOUNT”), the entries for:

(i)

“Total”;

(ii)

“Savings Bank Interest”; and

(iii)

“Other Income (to be specified)”,

less the amounts required to be entered at the following entries:

(e)

in form A (“SICK AND DEATH FUNDS”), the entry for “Levies for Benefits (£ )”; and

(f)

in form K (“RENT AND INTEREST ALLOCATION ACCOUNT”), the entry for “Other Income (to be specified)” that is not income from interest on investments.