Paragraph 11

In the case of any grant paid to them in accordance with these Regulations, requirements with respect to the adoption of proper and prudent financial procedures and the maintenance of proper accounts by the board of management including, without prejudice to that generality, requirements as to—

(a)

the appointment by the board of management of a person who will be responsible to them for the proper administration of their financial affairs;

(b)

the accounting systems and methods to be adopted by the board of management and the form of their accounts and supporting records;

(c)

internal financial controls including, in particular, requirements as to the procedures to be adopted with respect to the receipt and disbursement of money by the board of management; and

(d)

the signature and publication of the board of management’s annual accounts.