Structure of the Act Part 2 – Regulation of Social Housing Accounts Section 135 - Charity
320.This section broadly replicates the effect of part of paragraph 18 of Schedule 1 to the 1996 Act.
321.Subsection (1) specifies that this section relates to non-profit registered providers that are registered charities. Subsection (2) requires such providers to keep accounting records and maintain systems of control in relation to housing activities.
322.Subsection (3) requires such providers to prepare a revenue account giving a true and fair view of its housing activities and a balance sheet giving a true and fair view of its activities as a whole for each accounting period. Subsection (4) requires that the reports specified in subsection (3) must be signed by at least two of the provider’s directors or trustees.
323.Subsection (5) defines “period of account” for the purposes of this section.
324.Subsection (6) specifies that this section does not override other provisions relating to charity accounts in the Charities Act 1993.