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Paragraph 32 Reserves and provisions

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In respect of any designated or restricted reserve–

(a)

the amount brought forward from the previous period of account;

(b)

the transfer from the income and expenditure for the period, including any amount relating to interest receivable or investment income;

(c)

the transfer to the income and expenditure account for the period; and

(d)

the amount carried forward to the next period of account.