Article 14 Income and expenditure account

include headings and sub-headings corresponding to the items listed in Format 1 of Part I of Schedule 4 to the Companies Act 1985 where the items are listed by reference to the activities of the association or, in any other case, Format 2 of that Part;

show the amount of the items listed under those headings;

show the amount of the surplus or deficit of the association in respect of the ordinary activities of the association before taxation; and

show separately as additional items any amount set aside or proposed to be set aside to or withdrawn from reserves.