SCHEDULES

SCHEDULE 6GROUP ACCOUNTS

Examination of accounts of smaller groups

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1

This paragraph applies where—

a

group accounts are prepared for a financial year of a parent charity under paragraph 3(2), and

b

paragraph 6 does not apply in relation to that year.

2

If this paragraph applies in relation to a financial year of a parent charity, subsections (3) to (9) of section 65 shall apply in relation to the group accounts for that year as they apply in relation to the accounts of a charity for a financial year in relation to which subsection (2) of that section does not apply, but subject to the modifications in sub-paragraph (3) below.

3

The modifications are—

a

any reference to the charity trustees of the charity is to be construed as a reference to the charity trustees of the parent charity;

b

any reference to the charity's gross income in the financial year in question is to be construed as a reference to the aggregate gross income of the group in that year; and

c

any reference to the funds of the charity is to be construed as a reference to the funds of the parent charity.

4

If the group accounts for a financial year of a parent charity are to be examined or audited in accordance with section 65(3) (as applied by sub-paragraph (2) above), section 65(3) shall apply in relation to the parent charity's own accounts for that year (whether or not it would otherwise so apply).