The Charities Accounts (Scotland) Regulations 1992

PART 2 Information to be shown in the Statement of Balances and Receipts and Payments Account

1.  The statement of balances shall—

(a) reconcile the cash and bank balances at the beginning and end of the financial year with the surplus or deficit shown by the receipts and payments account;

(b) summarise the changes in the holding of investments and other assets including gifted assets during the financial year;

(c) distinguish between the major funds, the investments and other assets; and

(d) state an estimate of the liabilities at the end of the financial year showing separately any contingent liabilities.

2.  The receipts and payments account shall set out the aggregate receipts and payments for the financial year in sufficient detail as may reasonably enable the user to gain a proper appreciation of the transactions and the excess of receipts over payments or payments over receipts for that year; and in particular the following, if any, shall be shown separately:—

(a) proceeds of sale of investments;

(b) proceeds of sale of assets;

(c) income from investments other than land and buildings;

(d) rents from land and buildings;

(e) proceeds from fund raising activities;

(f) legacies;

(g) grants received;

(h) donations (excluding legacies) received;

(i) gross trading receipts;

(j) other material receipts;

(k) purchases of investments;

(l) purchases of other assets;

(m) expenses of fund raising activities;

(n) publicity expenses;

(o) administrative costs detailing material items;

(p) gross trading payments;

(q) the remuneration of the auditor or independent examiner in respect of—

(i) audit services; and

(ii) other services such as taxation advice, consultancy, financial advice and accountancy;

(r) grants and donations relating directly to charitable activities;

(s) other payments relating directly to charitable activities; and

(t) other material payments.