44Accounts
(1)A charity must—
(a)keep proper accounting records,
(b)prepare for each financial year of the charity a statement of account, including a report on its activities in the financial year,
(c)have the statement of account independently examined or audited, and
(d)after such examination or audit, send a copy of the statement of account to OSCR,
in accordance with regulations under subsection (4).
(2)Accounting records kept in pursuance of subsection (1)(a) must be preserved by the charity for 6 years from the end of the financial year in which they are made.
(3)Subsection (2) is without prejudice to any other enactment or rule of law.
(4)The Scottish Ministers may by regulations make provision about the matters referred to in subsection (1) including—
(a)the meaning of “financial year”,
(b)the information to be contained in the accounting records and statement of account,
(c)the manner in which that information is to be presented,
(d)the keeping and preservation of the accounting records,
(e)the methods and principles according to which, and the time by which, the statement of account is to be prepared,
(f)the time by which the copy statement of account is to be sent to OSCR,
(g)examination or audit of the statement of account,
(h)such other matters in relation to the accounts of a charity as the Scottish Ministers think necessary or expedient.
(5)Regulations under subsection (4) may make different provision in relation to different types of charity, including provision exempting charities of a particular type from some or all of the requirements of this section.