SCHEDULE 3Receipts and Payments Accounts

PART 1Information to be shown on the receipts and payments account and on the statement of balances

4

The following payments in particular, if any, shall be shown separately:–

a

expenses for fundraising activities;

b

gross trading payments;

c

investment management costs;

d

payments relating directly to charitable activities, detailing material items;

e

grants and donations relating directly to charitable activities;

f

governance costs relating to–

i

audit or independent examination;

ii

preparation of annual accounts; and

iii

legal costs associated with constitutional matters or trustee advice;

g

purchases of fixed assets; and

h

purchase of investments.