Part 7Accounts, audit and annual returns
Accounts and balance sheets
82Restrictions on publication of accounts and balance sheets
1
A registered society must not publish a revenue account or balance sheet unless the account or balance sheet complies with such of the requirements set out in the following table as apply in relation to it.
Accounts and balance sheets to which requirement applies | Requirement | |
---|---|---|
1 | Any revenue account or balance sheet | Must be signed by—
|
2 | Year end revenue account or balance sheet, where section 83 (duty to appoint auditors) applies to the society for the relevant year of account | Must—
|
3 | Year end revenue account or balance sheet, where section 85 (duty to obtain report in certain cases where section 83 disapplied) applies to the society for the relevant year of account | Must—
This ceases to apply if a direction under section 86 is made in respect of the relevant year of account (see row 7). |
4 | Interim revenue account or balance sheet, where section 83 applies to the society for the relevant year of account and the preceding year of account | Must—
|
5 | Interim revenue account or balance sheet, where—
| Must incorporate a report by an appropriate person stating whether, in the person's opinion, it complies with section 80(1) or (3). “Appropriate person” here means—
|
6 | Interim revenue account or balance sheet, where section 85 applies to the society for the year of account preceding the relevant year of account | Must incorporate a report by a qualified auditor stating whether, in the auditor's opinion—
|
7 | Year end or interim revenue account or balance sheet, where—
| Must incorporate a report by the auditors appointed pursuant to the direction stating whether, in their opinion, it complies with section 80(1) or (3). |
2
The requirements in the rows 4 to 7 of the table do not apply to an interim revenue account or balance sheet that—
a
is published together with the latest year end revenue account and balance sheet, which comply with the applicable requirements in row 2, 3 or 7 (as the case may be), and
b
is marked in legible characters in a prominent position “UNAUDITED REVENUE ACCOUNT” or “UNAUDITED BALANCE SHEET” (as the case may be).
3
In this section—
“interim balance sheet” means a balance sheet relating to the position at any time other than the end of a year of account;
“interim revenue account” means a revenue account for any period within a year of account except one ending at the end of that year;
“relevant year of account” means the year of account to which the revenue account or balance sheet relates;
“year end balance sheet” means a balance sheet relating to the position at the end of a year of account;
“year end revenue account” means a revenue account for—
- a
a year of account, or
- b
any period within a year of account which ends at the end of that year.
- a