Search Legislation

Co-operative and Community Benefit Societies Act 2014

What Version

 Help about what version

Advanced Features

 Help about advanced features

Changes to legislation:

There are currently no known outstanding effects for the Co-operative and Community Benefit Societies Act 2014, Section 82. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

82Restrictions on publication of accounts and balance sheetsE+W+S

(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 appliesRequirement
1Any revenue account or balance sheet

Must be signed by—

(a)

the society's secretary, and

(b)

two members of its committee, acting on behalf of the committee.

2Year end revenue account or balance sheet, where section 83 (duty to appoint auditors) applies to the society for the relevant year of account

Must—

(a)

have been audited by the auditors appointed under section 83, and

(b)

incorporate a report by them stating whether, in their opinion, it complies with section 80(1) or (3) (true and fair view).

3Year 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—

(a)

have obtained a report under section 85(2)(a) on it, and

(b)

incorporate so much of the report as relates to it.

This ceases to apply if a direction under section 86 is made in respect of the relevant year of account (see row 7).

4Interim 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—

(a)

have been audited by the auditors last appointed under section 83, and

(b)

incorporate a report by them stating whether, in their opinion, it complies with section 80(1) or (3).

5

Interim revenue account or balance sheet, where—

(a)

a resolution under section 84 is in force in respect of the relevant year of account, and

(b)

section 83 applies to the society for the preceding year of account

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—

(a)

a qualified auditor, or

(b)

any person (if the society made an appointment under section 83(2)(b) for the preceding year and no direction under section 86 has been made in respect of that year).

6Interim 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—

(a)

it is in agreement with the books of account kept by the society under section 75, and

(b)

(on the basis of the information contained in those books of account) it complies with the requirements of this Act.

7

Year end or interim revenue account or balance sheet, where—

(a)

section 83 did not apply to the society for the relevant year of account because of a resolution under section 84, and

(b)

a direction under section 86 (power to require accounts etc for past years to be audited) has been given in respect of that year of account

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.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources