(1)It shall be the duty of the Authority—
(a)to keep proper accounts and proper records in relation to the accounts; and
(b)to prepare a statement of accounts in respect of each financial year.
(2)The statement of accounts shall give a true and fair view of the state of the Authority’s affairs at the end of the financial year and of the Authority’s income and expenditure in the financial year, and shall comply with any directions given by the Ministers with the consent of the Treasury as to the information to be contained in the statement or the manner in which it is to be presented or as to the methods and principles according to which the statement is to be prepared.
(3)Separate accounts shall be kept by the Authority in respect of services provided as mentioned in section 3(5) above and of such other matters as the Ministers may direct.
F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F2(6A)The Authority shall send a copy of the statement of accounts prepared under subsection (1) to the Comptroller and Auditor General—
(a)in the case of the statement relating to the financial year ending on 31st March 2004, as soon as reasonably practicable after 12th July 2004,
(b)in the case of the statement relating to a financial year ending after 31st March 2004, as soon as reasonably practicable after the end of that year.]
(6B)The Comptroller and Auditor General shall examine, certify and report on each statement of accounts sent to him by the Authority under subsection (6A) and shall lay before Parliament a copy of the statement and his report on it
(7)As soon as possible after the end of any financial year and in any event not later than 30th September following the end of that year the Authority shall prepare and submit to the Ministers a report of its proceedings in that year.
(8)The Ministers shall lay before Parliament [F3, and the Scottish Ministers shall lay before the Scottish Parliament,] copies of the Authority’s report for any financial year together with copies of the statement of accounts and of the [F4report of F5... the Comptroller and Auditor General] for that year.
(9)The Ministers [F6, the Comptroller and Auditor General and the Auditor General for Scotland] shall be entitled to inspect all books, papers and other records of the Authority relating to, or to matters dealt with in, the accounts required to be kept pursuant to this section.
Textual Amendments
F1S. 11(4)-(6) repealed (12.7.2004) by Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2004 (S.I. 2004/1715), arts. 1, 3(3)(a)
F2S. 11(6A) substituted (12.7.2004) by Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2004 (S.I. 2004/1715), arts. 1, 3(3)(b)
F3Words in s. 11(8) inserted (1.7.1999) by S.I. 1999/1747, art. 3, Sch. 23 Pt. II para. 3(2); S.I. 1998/3178, art. 3
F4Words in s. 11(8) substituted (23.5.2003) by Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2003 (S.I. 2003/1326), arts. 1, 10(2)(d)
F5Words in s. 11(8) omitted (12.7.2004) by virtue of Government Resources and Accounts Act 2000 (Audit of Public Bodies) Order 2004 (S.I. 2004/1715), arts. 1, 3(3)(c)
F6Words in s. 11(9) inserted (1.7.1999) by S.I. 1999/1747, art. 3, Sch. 23 Pt. II para. 3(5); S.I.1998/3178, art. 3