§ Mrs. Anne CampbellTo ask the Secretary of State for National Heritage to which format the accounts of exempted charities are required to conform in order to comply with the requirements of section 47(2) of the Charities Act 1993. [12860]
§ Mr. SproatSection 46(1) of the Charities Act 1993 requires charity trustees of any exempt charities to keep proper books of account with respect to the charity and, if not required by or under the authority of any other Act, to prepare consecutive statements of account consisting of an income and expenditure account relating to a period of not more than 15 months and a balance sheet relating to the end of that period. The statement of recommended accounting practice accounting by charities, published by the Charity Commission, applies in relation to all charity accounts unless a more specific statement of recommended practice applies. Section 47(3)(d) of the Act provides that the statement of accounts of an exempt charity to be provided on request is the most recently audited, if the accounts are required to be audited, or otherwise the most recently prepared accounts.