Search Legislation

Advanced Search

Charities and Trustee Investment (Scotland) Act 2005

Status:

This is the original version (as it was originally enacted).

44Accounts
This section has no associated Explanatory Notes

(1)A charity must—

(a)keep proper accounting records,

(b)prepare for each financial year of the charity a statement of account, including a report on its activities in the financial year,

(c)have the statement of account independently examined or audited, and

(d)after such examination or audit, send a copy of the statement of account to OSCR,

in accordance with regulations under subsection (4).

(2)Accounting records kept in pursuance of subsection (1)(a) must be preserved by the charity for 6 years from the end of the financial year in which they are made.

(3)Subsection (2) is without prejudice to any other enactment or rule of law.

(4)The Scottish Ministers may by regulations make provision about the matters referred to in subsection (1) including—

(a)the meaning of “financial year”,

(b)the information to be contained in the accounting records and statement of account,

(c)the manner in which that information is to be presented,

(d)the keeping and preservation of the accounting records,

(e)the methods and principles according to which, and the time by which, the statement of account is to be prepared,

(f)the time by which the copy statement of account is to be sent to OSCR,

(g)examination or audit of the statement of account,

(h)such other matters in relation to the accounts of a charity as the Scottish Ministers think necessary or expedient.

(5)Regulations under subsection (4) may make different provision in relation to different types of charity, including provision exempting charities of a particular type from some or all of the requirements of this section.

Back to top

Options/Help

Print Options

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

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

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

Close

Explanatory Notes

Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.

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