- accounts determination
means—
- applicable accounting principles
means, in relation to a parent charity that is required to prepare group accounts, the methods and principles set out in—
- auditable charity
means a charity the accounts of which for the financial year in question are required to be audited in pursuance of any statutory requirement;
- authorised person
has the meaning given by section 31 of the Financial Services and Markets Act 2000;
- charitable subsidiary undertaking
means a subsidiary undertaking that is a charity;
- child
has the meaning given by paragraph 2 of Schedule 5 to the 1993 Act;
- common deposit fund
means a common deposit fund established by a scheme under section 22A of the Charities Act 1960 or section 25 of the 1993 Act;
- common investment fund
has the meaning given by paragraph (2);
- corresponding financial year
has the meaning given by paragraph (3);
- dividend equalisation reserve
means income withheld from distribution with a view to avoiding fluctuations in the amounts distributed;
- English National Health Service Charity
has the meaning given by section 43A(7) of the 1993 Act;
- ex gratia payment
means any such application of the property of a charity, or any such waiver by a charity of any entitlement to receive any property, as is capable of being authorised under section 27(1) of the 1993 Act;
- excepted information
means—
- fixed assets
means the assets of a charity which are intended for use or investment on a continuing basis;
- fund
means particular assets of a charity held on trusts which, as respect the purposes for which those assets are held or the powers of the charity trustees to use or apply those assets, are not identical to the trusts on which other assets of the charity are held;
- gross income
means, in relation to a non-charitable subsidiary undertaking, the amount of income of that undertaking that would be construed as its gross income were it a charity;
- group accounts provisions
means— of these Regulations
- group income
means the aggregate of—
- group transactions
means—
- investment fund
means a common deposit fund or a common investment fund;
- non-charitable subsidiary undertaking
means a subsidiary undertaking that is not a charity;
- non-parent charity
means a charity—
- non-parent investment fund
means an investment fund which—
- officer
includes any auditor or other person appointed to scrutinise the accounts of any such undertaking.
- parent charity
has the meaning given by paragraph 1 of Schedule 5A to the 1993 Act;
- parent financial year
means the financial year of the parent charity in respect of which the group accounts are prepared;
- parent investment fund
means an investment fund—
- person connected with a charity trustee or manager
has the meaning given by sub-paragraph (2);
- qualifying parent charity
means a charity—
- recognised stock exchange
has the meaning given by section 1005 of the Income Tax Act 2007;
- relevant financial year
means the financial year in respect of which— (a) the statement of accounts is prepared;
- relevant subsidiary undertaking
means a subsidiary undertaking of the parent charity which is not excluded under regulation 19 from the group accounts required to be prepared for the parent financial year.
- report determination
means—
- reserves
means— (a) in relation to a charity, those assets in the unrestricted fund of a charity which the charity trustees have, or can make, available to apply for all of any its purposes, once they have provided for— (a) the liabilities of the unrestricted fund;
- restricted financial year
means a financial year beginning immediately after—
- restricted fund
means any fund of a charity other than an unrestricted fund;
- special case charity
means— (a) a charity which is a registered social landlord within the meaning of the Housing Act 1996 and whose registration has been the subject of a notice under section 3(3)(a) of that Act;
- subsidiary undertaking
has the meaning given by paragraph 1 of Schedule 5A to the 1993 Act;
- the 1960 Act
means the Charities Act 1960;
- the 1985 Act
means the Companies Act 1985;
- the 1993 Act
means the Charities Act 1993;
- the 2005 Regulations
means the Charities (Accounts and Reports) Regulations 2005;
- the 2006 Act
means the Charities Act 2006;
- the IMA SORP
means the Statement of Recommended Practice for Financial Statements of Authorised Funds issued by the Investment Management Association in December 2005;
- the SORP
means the Statement of Recommended Practice for Accounting and Reporting by Charities, issued by the Commission on 4th March 2005;
- transferred year
means a financial year of a charity—
- trustee for a charity
means a person other than the charity itself (“A”) or a charity trustee of A who holds title to property belonging to A and includes a custodian trustee and a nominee;
- unrestricted fund
means a fund which is to be used, or applied, in any way determined by the charity trustees of a charity for the furtherance of the objects of the charity;
- Welsh National Health Service Charity
has the meaning given by section 43B(4) of the 1993 Act.