UK Statutory Instrument SI 2008 United Kingdom

Charities (Accounts and Reports) Regulations 2008

These Regulations (“the 2008 Regulations”), which extend only to England and Wales, make provision in respect of the preparation and scrutiny of accounts prepared by charities and the preparation of annual reports by charities. These Regulations also make provision for the preparation and scrutiny of group accounts and the preparation …

Read it on legislation.gov.uk (opens in a new tab)
Enforced by
Charity Commission
Status
Amended (in force with amendments)
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee12 Any Person7

Other Acts binding the same actors

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Trustee — also bound by 104 other Acts
Charities Act 2011 27 duties
Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

GENERAL

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 Financial year of a charity which is not a company
s.004 Application, revocation, savings and transitional provisions
Part 2

FORM AND CONTENT OF STATEMENTS OF ACCOUNT

3 of 4 sections shown
s.006 Form and content of statement of accounts: investment funds Regulated
  • Prepare investment fund accounts in prescribed form and sign the balance sheetTrustee
s.007 Form and content of statement of accounts: special case charities Regulated
  • Prepare and sign accounts for special case charitiesTrustee
s.008 Form and content of statement of accounts: charities other than investment funds or special case charities Regulated
  • Prepare annual statement of accounts for your charityTrustee
1 other section in this Part — procedural and definitional
s.005 General
Part 3

PREPARATION OF GROUP ACCOUNTS

5 of 11 sections shown
s.011 Requirement for financial years of a parent charity and its subsidiary undertakings to coincide Regulated
  • Align financial years of parent and subsidiary charitiesTrustee
s.013 Form and content of group accounts: parent charities that are investment funds Regulated
  • Prepare group accounts for charities that are investment fundsTrustee
s.014 Form and content of group accounts: parent charities that are special case charities Regulated
  • Prepare and format group accounts for special case parent charitiesTrustee
s.016 Form and content of group accounts: general requirements Regulated
  • Prepare and consolidate group accounts for parent charitiesTrustee
s.017 Group Accounts: departure from the general rules Regulated
  • Depart from standard group accounting rules to ensure a 'true and fair view'Trustee
6 other sections in this Part — procedural and definitional
s.009 Meaning of “aggregate gross income”
s.010 Financial years of subsidiary undertakings
s.012 Form and content of group accounts: general
s.015 Form and content of group accounts: parent charities that are not investment funds or special case charities
s.018 Exceptions relating to requirement to prepare group accounts
s.019 Exceptions relating to requirement to prepare group accounts
Part 4

SCRUTINY OF ACCOUNTS

8 of 17 sections shown
s.024 Duties of auditors: audit of a statement of accounts prepared under section 42(1) of the 1993 Act Regulated
  • Auditors must investigate and report on charity accountsAny Person
s.025 Duties of auditor: audit of accounts prepared under Part 7 of the Companies Act 1985 Regulated
  • Auditor must report on charity company accountsAny Person
s.026 Duties of auditors: audit of a receipts and payments account and a statement of assets and liabilities prepared under section 42(3) of the 1993 Act Regulated
  • Auditors must report on charity receipts and payments accountsAny Person
s.030 Duties of auditors carrying out an audit of group accounts under paragraph 6 of Schedule 5A to the Charities Act 1993 Regulated
  • Auditors must prepare a formal report on charity group accountsAny Person
s.031 Independent examination of individual charity accounts Regulated
  • Independent examiners must provide a detailed report on charity accountsAny Person
s.032 Examination of the accounts of English and Welsh National Health Service Charities Regulated
  • NHS charity examiners must provide detailed accounts reports to trusteesAny Person
s.035 Ceasing to hold office Regulated
  • Provide a statement when ceasing to be a charity auditorTrustee
s.036 Auditors appointed by the Commission Regulated
  • Send audit reports to the Commission when appointed by themAny Person
9 other sections in this Part — procedural and definitional
s.020 Duties of auditors: general
s.021 Duties of auditors: general
s.022 Duties of examiners: general
s.023 Duties of examiners: general
s.027 Duties of auditors of the accounts of English National Health Service Charities
s.028 Duties of auditors of accounts of Welsh National Health Service Charities
s.029 Audit of accounts of larger groups
s.033 Audit and independent examination: supplementary provisions
s.034 Dispensations from audit or examination requirements
Part 5

ANNUAL REPORTS

3 of 5 sections shown
s.038 Annual Reports: non-parent investment fund Regulated
  • Prepare and sign an annual report for non-parent investment fundsTrustee
s.039 Annual Reports: parent investment funds Regulated
  • Prepare and sign detailed annual reports for parent investment fundsTrustee
s.041 Annual Reports: qualifying parent charities Regulated
  • Prepare annual report for your qualifying parent charityTrustee
2 other sections in this Part — procedural and definitional
s.037 General
s.040 Annual reports: non-parent charity
Schedules

Schedules

0 of 20 shown
20 other schedules
s.sch001 STATEMENTS OF ACCOUNTS: INVESTMENT FUNDS (opens in a new tab)
s.sch001 The statement of total return must show—
s.sch001 In the case of a common investment fund to which...
s.sch001 In the case of a common deposit fund, the specified...
s.sch001 Despite the requirement in paragraph 11(c) to divide into separate...
s.sch001 (1) The statement of total return must give a true...
s.sch001 (1) Subject to paragraphs (2) and (3), in respect of...
s.sch001 The values at which assets and liabilities of an investment...
s.sch001 (1) The information to be provided by way of notes...
s.sch001 (1) In this Schedule— “dividend equalisation reserve” means income withheld...
s.sch001 Subject to paragraph 4, the information required by paragraph 1...
s.sch001 In the case of a common investment fund established by...
s.sch001 Where a sub-paragraph of paragraph 2 requires information to be...
s.sch001 The statement of change in net assets must provide a...
s.sch001 The reconciliation referred to in paragraph 5 must show—
s.sch001 In the case of a common investment fund to which...
s.sch001 The balance sheet must show the state of affairs of...
s.sch001 In the case of a common investment fund to which...
s.sch002 NOTES TO THE STATEMENT OF ACCOUNTS PREPARED BY A CHARITY THAT IS NOT AN INVESTMENT FUND OR SPECIAL CASE CHARITY (opens in a new tab)
s.sch002 (1) Subject to sub-paragraphs (2) and (3) and in so...

Help complying

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Prepare charity accounts using SORP

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