| (1) | The charity trustees of a charity must (subject to section 133) prepare in respect of each financial year of the charity a statement of accounts complying with such requirements as to its form and contents as may be prescribed by regulations made by the [Secretary of State]. |
| (2) | Regulations under subsection (1) may in particular make provision— |
| (a) | for any such statement to be prepared in accordance with such methods and principles as are specified or referred to in the regulations; |
| (b) | as to any information to be provided by way of notes to the accounts. |
| (3) | Regulations under subsection (1) may also make provision for determining the financial years of a charity for the purposes of this Act and any regulations made under it. |
| (4) | But regulations under subsection (1) may not impose on the charity trustees of a charity that is a charitable trust created by any person (“the settlor”) any requirement to disclose, in any statement of accounts prepared by them under subsection (1)— |
| (a) | the identities of recipients of grants made out of the funds of the charity, or |
| (b) | the amounts of any individual grants so made, |
| if the disclosure would fall to be made at a time when the settlor or any spouse or civil partner of the settlor was still alive. |
| NOTES |
| Derivation |
| Sub–s (1) derived from the Charities Act 1993, s 42(1) and the Transfer of Functions (Third Sector, Communities and Equality) Order 2006, SI 2006/2951, Schedule, para 4(q) (in part); sub–ss (2), (3) derived from the Charities Act 1993, s 42(2); sub–s (4) derived from the Charities Act 1993, s 42(2A) and the Charities Act 2006, Sch 8, para 133(2). |
| Initial Commencement |
| Specified date |
| Specified date: 14 March 2012: see s 355. |
| Extent |
| This section does not extend to Scotland: see s 356(1). |
| Amendment |
| Sub–s (1): words “Secretary of State” in square brackets substituted by SI 2016/997, art 13, Sch 2, Pt 1, para 25(1), (2)(t). |
| Date in force: 9 November 2016: see SI 2016/997, art 1(2). |
| See Further |
| See further, in relation to the disapplication of sub–s (1) above, for the purposes of the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012: the Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012, SI 2012/3013, reg 41(1), (2)(a), (8). |
| Transfer of Functions |
| Functions of the Chancellor of the Duchy under this Act, are transferred to the Minister for the Cabinet Office, by the Transfer of Functions (Elections, Referendums, Third Sector and Information) Order 2016, SI 2016/997, art 10(1), (2)(g), (3). |
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