§ Dr. GodmanTo ask the Secretary of State for Scotland how many charities, whose gross income does not exceed £25,000 per annum, will have to conform to the regulations specified in the Charities Accounts (Scotland) Regulations 1992; if he will list them; and if he will make a statement.
§ Lord James Douglas-Hamilton[holding answer 4 November 1992]: As a general rule, all Scottish charities must now prepare annual accounts conforming to the Charities Accounts (Scotland) Regulations 1992.
Where a charity's annual income is £25,000 or more, the statement of accounts must comprise a balance sheet, and an income and expenditure account, and must include a report of its activities. In cases where the annual income is less than £25,000 charities may elect to prepare simpler accounts.
No information is held centrally about the annual income of individual Scottish charities.