Article 7 Income and expenditure account
Subject to article 8, the income and expenditure account of every association for each period of account shall—
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 separately the surpluses transferred to the rent surplus fund, as required by article 19(3).
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show separately as additional items any amount set aside or proposed to be set aside to or withdrawn from reserves.