Regulation 11

SCHEDULE 7ANNUAL ACCOUNTS OF NON-DIRECTIVE SOCIETY

PART IFORMAT OF NON-DIRECTIVE SOCIETY INCOME AND EXPENDITURE ACCOUNT

1.  Income

(a)Contributions

(b)(i)Rents from Land and Buildings

(ii)Outgoings on Land and Buildings

(c)Interests from:

• Mortgages

• British Government and British Government Guaranteed Securities

• Other investments

(d)Gain or loss on the realisation of investment

(e)Other income

2.  Expenditure

(a)Sickness benefits

(b)Endowments on maturity

(c)Death benefits

(d)Other benefits (to be specified)

(e)Divided among the members

(f)Deducted for expenses of management

(i)Salaries

(ii)Audit fees

(iii)Valuation Expenses

(iv)Other expenses

(g)Other expenditure

(h)Corporation Tax

3.  Excess of income over expenditure

PART IIFORMAT OF NON-DIRECTIVE SOCIETY BALANCE SHEET

Assets

A.Investments

I.  Land and buildings

II.  Mortgages on Land and Buildings

III.  British Government and British Government Guaranteed Securities

IV.  Other investments

B.Debtors

C.Other assets

I.  Tangible assets

II.  Cash at bank and in hand

III.  Other prepayments and accrued income

Liabilities

A.Benefit and Benefit Reserves Funds

I.  Sickness

II.  Death

III.  Members' fund

IV.  Other Benefit and Benefit Reserves Funds

V.  Management Fund

B.Corporation tax provisions

C.Creditors

I.  Other creditors including taxation and social security

II.  Accruals and deferred income

Regulation 8

PART IIINOTES TO ANNUAL ACCOUNTS OF NON-DIRECTIVE SOCIETY

The following paragraphs of Schedule 4 (Notes to annual accounts) are specified as the material to be included in the notes to annual accounts of non-directive societies:

(a)paragraph 1 (accounting policies);

(b)paragraphs 4-14 (committee members' emoluments);

(c)paragraph 18 (investments);

(d)paragraph 19 (reserves and provisions);

(e)paragraph 22 (guarantees and other financial commitments);

(f)paragraph 29 (commissions);

(g)paragraph 30(5) (auditors and actuary’s remuneration); and

(h)paragraph 32 (industrial assurance).