Article 8

(1)

Where it is necessary to depart from the requirements of this Order so as to give a true and fair view of the state of affairs of an association and of its income and expenditure account in accordance with the duties imposed by section 3(1) and (4) of the 1968 Act, paragraph 2 of Schedule 3 to the 1985 Act or section 226(2) of the Companies Act 1985^f1—

(a)

nothing in this Order shall prevent such a departure; but

(b)

the fact of any such departure, the reasons for it and its effect shall be recorded in the notes to the accounts of the association.

(2)

Nothing in this Order shall prevent the accounts of an association from giving more information than is required by this Order.

Annotations

Footnotes

f1: 1985 c. 6; section 226 was inserted by the Companies Act 1989 (c. 40), section 4(1).