Commentary on Sections Part 8: Charity Accounts, Reports and Returns
Part 8 comprises sections 63 to 72 (and Schedule 6) and deals with the duty of charities to keep accounting records, issue statements of accounts and arrange for their accounts to be audited. Section 64 empowers the Department for Social Development to prescribe the form and content of such accounts for a charity. Sections 65 and 66 further specify the auditing requirements to be placed on a charity in accordance with its income. Sections 68 and 69 set out the requirement on charities to prepare annual reports and specify the arrangements for public inspection of such reports.