Article 13 Balance sheet

(1)

Subject to article 15, the balance sheet of every association shall—

(a)

include headings and sub-headings corresponding to the items listed in Format 1 of Part I of Schedule 4 to the Companies Act 1985^f1;

(b)

show the amount of the items listed under those headings; and

(c)

items A to G in Format 1 shall be presented so as to show the total of those items separately from items H to K.

Annotations

f1: Schedule 4 paragraph 8 (Formats) was amended by the Companies Act 1989 (c. 40), Schedule 1, paragraphs 1 to 4.