Explanatory note

limited accounting requirements are applied to associations providing 250 or less units of accommodation (formerly 100 under the 1984 Order) (article 4(2));

the requirement, where it applied, for a summary income and expenditure account is removed;

provision is made for disregarding amounts which are immaterial (article 4(5));

some items required by Schedule 1 to the 1982 Order to be shown in the balance sheet or notes to the accounts are omitted;

further items are required to be shown in the income and expenditure account of an association which is not a co-ownership society (Schedule 2);

the requirement to show in relation to hostels the housing administration costs for each bedspace is omitted (Schedule 5).