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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.