C1Part 2Regulation of Social Housing

Annotations:
Modifications etc. (not altering text)

Chapter 4Registered providers

Accounts

I1135Charity

1

This section applies to a F2... registered provider which is a registered charity.

2

The charity shall—

a

keep proper accounting records of its transactions and its assets and liabilities in relation to its housing activities, and

b

maintain a satisfactory system of control of those records, its cash holdings and its receipts and remittances in relation to those activities.

3

For each period of account the charity shall prepare—

a

a revenue account giving a true and fair view of the charity's income and expenditure during the period, so far as relating to its housing activities, and

b

a balance sheet giving a true and fair view of the state of affairs of the charity as at the end of the period.

4

The revenue account and balance sheet must be signed by at least two directors or trustees.

5

“Period of account” means—

a

a period of 12 months, or

b

such other period not less than 6 months nor more than 18 as the charity may, with the consent of the regulator, determine.

6

This section does not affect any obligation under F1Part 8 of the Charities Act 2011.