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There are currently no known outstanding effects for the Charities Act (Northern Ireland) 2008, Cross Heading: Preparation of group accounts.
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3—(1) This paragraph applies in relation to a financial year of a charity if—N.I.
(a)the charity is a parent charity at the end of that year; and
(b)(where it is a company) it is not required to prepare consolidated accounts for that year under section 399 of the Companies Act 2006 (c. 46) (duty to prepare group accounts), whether or not such accounts are in fact prepared.
(2) The charity trustees of the parent charity must prepare group accounts in respect of that year.
(3) “Group accounts” means consolidated accounts—
(a)relating to the group, and
(b)complying with such requirements as to their form and contents as may be prescribed by regulations made by the Department.
(4) Without prejudice to the generality of sub-paragraph (3), regulations under that sub-paragraph may make provision—
(a)for any such accounts to be prepared in accordance with such methods and principles as are specified or referred to in the regulations;
(b)for dealing with cases where the financial years of the members of the group do not all coincide;
(c)as to any information to be provided by way of notes to the accounts.
(5) Regulations under that sub-paragraph may also make provision—
(a)for determining the financial years of subsidiary undertakings for the purposes of this Schedule;
(b)for imposing on the charity trustees of a parent charity requirements with respect to securing that such financial years coincide with that of the charity.
(6) If the requirement in sub-paragraph (2) applies to the charity trustees of a parent charity (other than a parent charity which is a company) in relation to a financial year—
(a)that requirement so applies in addition to the requirement in section 64(1), and
(b)the option of preparing the documents mentioned in section 64(3) is not available in relation to that year (whatever the amount of the charity's gross income for that year).
(7) If the requirement in sub-paragraph (2) applies to the charity trustees of a parent charity in relation to a financial year and the charity is a company, that requirement so applies in addition to the requirement in section 394 of the Companies Act 2006 (duty to prepare individual accounts).
(8) Sub-paragraph (2) has effect subject to paragraph 4.
Commencement Information
I1Sch. 6 para. 3(1)(2) (6)-(8) in operation at 1.1.2016 by S.R. 2015/383, art. 2(3), Sch.
I2Sch. 6 para. 3(3)-(5) in operation at 28.11.2015 for specified purposes by S.R. 2015/383, art. 2(2)
I3Sch. 6 para. 3(3)-(5) in operation at 1.1.2016 in so far as not already in operation by S.R. 2015/383, art. 2(3), Sch.
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