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14.—(1) This regulation applies to charity which is a further and higher education institution or a registered social landlord.
(2) The statement of account of a charity to which this regulation applies shall consist of an income and expenditure account, a balance sheet and notes to the accounts as at the end of the financial year in respect of which the statement of account is prepared.
(3) The statement of account shall be prepared in accordance with the methods and principles in the respective statements of recommended practice of the charities to which this regulation applies, namely–
(a)the Statement of Recommended Practice: Accounting for Further and Higher Education issued by the Further and Higher Education SORP Board on the 24th July 2003, and
(b)the Statement of Recommended Practice: Accounting by Registered Social Landlords, issued by the board of the National Housing Association, the Welsh Federation of Housing Associations and the Scottish Federation of Housing Associations on 12th May 2005.
(4) A charity which prepares a statement of account in accordance with paragraphs (2) and (3), is not required to prepare a statement of account in accordance with either regulation 8 or 9.
(5) For the purposes of regulation 10 and 11, a statement of account to which this regulation applies is deemed to have been prepared under regulation 8 or 9.
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