S.L. 492.2 Art. 8Annual accounts.

(1) Administrators of a voluntary organisation shall prepare their annual accounts in accordance with Schedule III.

(2) Category 2 and Category 3 voluntary organisations shall also keep records of assets and liabilities. The obligations under this sub-regulation shall also apply to:

(a) in the case of a parent voluntary organisation, the annual accounts prepared and submitted by the parent organisation;

(b) in the case of a subsidiary or affiliated voluntary organisation, the annual accounts prepared by the subsidiary or affiliated organisation, submitted individually or separately from those prepared and submitted by the parent voluntary organisation;

(c) in the case of an individual voluntary organisation, which is neither a parent voluntary organisation nor a subsidiary or affiliated voluntary organisation, the annual accounts prepared and submitted by the individual voluntary organisation; and

(d) in the case of segregated cells of a voluntary organisation, the annual accounts which relate to such cells, prepared and submitted by the voluntary organisation.