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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2023 - onwards
Version 2 of 2

85. Annual statement of accounts.

(1) Subject to section 91(1), the appropriate officer shall prepare a statement of accounts for the political party concerned and its subsidiary organisations (in this Part referred to as the 'annual statement of accounts') in respect of each financial year.

(2) The annual statement of accounts shall-

(a)

(i) comply with such requirements as to its form and contents (including any requirements provided for under FRS 102) as may be provided for in guidelines,

(ii) include a breakdown of the aggregate amount of donations received by the political party and each of its subsidiary organisations as provided for in guidelines, and

(iii) include all property within the ownership of the political party, and its subsidiary organisations, whether mortgaged, charged, alienated or otherwise encumbered,

and

(b) be approved by the executive committee or similar body elected by the party.