12(1)As soon as possible after the end of each financial year, the Committee shall prepare a general report of their proceedings during that year and transmit it to the Commission.
(2)The report shall have attached to it the statement of accounts for the year and a copy of any report made by the auditors on that statement.
(3)The Commission shall send a copy of each annual report received by them in accordance with this paragraph to the Secretary of State who shall lay copies of it before each House of Parliament.