SCHEDULES

SCHEDULE 13 The Residuary Body for Wales: Corff Gweddilliol Cymru

Accounts

15

1

The Residuary Body shall—

a

keep proper accounts;

b

keep proper records in relation to the accounts; and

c

prepare a statement of accounts in respect of each financial year.

2

The statement shall comply with any directions given by the Secretary of State with the consent of the Treasury, as to—

a

the information to be contained in the statement;

b

the manner in which the information is to be presented;

c

the methods and principles according to which the statement is to be prepared.

3

Without prejudice to paragraph 12, the Secretary of State may give directions to the Residuary Body requiring it—

a

to keep accounts in respect of such matters, and records relating to them, as may be specified in the directions, and

b

to apply such methods and principles as may be so specified with respect to any accounts or records kept by the Residuary Body.