Article 19 Balance sheet and income and expenditure account
Subject to article 20, the income and expenditure account of every registered housing association shall–
(a)
include headings and sub-headings corresponding to the items listed–
(i)
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 registered housing associations; or
(ii)
in any other case, in Format 2 of that Part;
(b)
show the amount of the items listed under those headings;
(c)
show the amount of the surplus or deficit of the registered housing association in respect of the ordinary activities of the registered housing association before taxation; and
(d)
show separately as additional items any amount set aside or proposed to be set aside to or withdrawn from reserves.