Paragraph 14

England, Wales and Scotland

The trustees shall keep proper accounts of all sums received or paid by them and proper records in relation to those accounts, and the accounts for each financial year of the Trust shall be audited by an auditor or auditors appointed by the trustees.

F1No person shall be appointed under this paragraph unless he is eligible for appointment as a F2statutory auditor under Part 42 of the Companies Act 2006.

Annotations

Textual amendments

F1: Sch. para. 14: 2nd paragraph substituted (1.10.1991) by S.I. 1991/1997, reg. 2, Sch. para.28 (with reg. 4).
F2: Words in Sch. para. 14 substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), art. 2(2), Sch. 1 para. 1(p) (with arts. 6, 11, 12)

Notes on Schedule

Modifications

C1: Schedule: functions of the Secretary of State transferred by S.I. 1979/907, 1981/207, 1983/879, 1984/1814, 1986/600 and 1992/1311 and as from 26.4.1986 to 2.7.1992 exercisable by the Lord President of the Council by virtue of S.I. 1986/600, art. 2(1), Sch. 1 Pt. I and as from 3.7.1992 again exercisable by the Secretary of State by virtue of S.I. 1992/1311, art. 3(1), Sch. 1, Pt. I and references to the Secretary of State from 26.4.1986 to 2.7.1992 and from 3.7.1992 are to be construed accordingly by virtue of S.I. 1986/600, art. 7(1) and S.I. 1992/1311, art. 12(4).