Part 7Accounts, audit and annual returns

Annual returns

C189Annual returns

1

A registered society must, within the period of 7 months beginning immediately after the end of a year of account, send to the FCA—

a

a return relating to its affairs for that year (the society's “annual return” for that year),

b

a copy of each balance sheet made during that year, and

c

a copy of any relevant auditor's report for that year.

2

The annual return—

a

must contain the society's revenue account for that year prepared in accordance with section 79 and a balance sheet as at the end of that year, and

b

may contain other accounts only if they have been reported on under section 85(2)(a) or 87.

3

Relevant auditor's report” means—

a

if section 83 (duty to appoint auditors) applies for that year, the auditor's report on the society's accounts for that year and any auditor's report on a balance sheet made during that year;

b

otherwise, any report for that year required by section 85.

4

The powers under sections 143 and 144 to determine the form of an annual return and the particulars to be contained in annual returns are subject to subsection (2).