(1)    The Trustees must comply with their obligation under the Charities Act 1993 with regard to :

(a)    the keeping of accounting record for the Charity;

(b)   the preparation of annual statements of account for Charity;

(c)    the transmission of the statements of account to the Charity;

(d)   the preparation of an annual report and its transmission to the Commission.

(2) Accounts must be prepared in accordance with the provisions of any Statement of Recommended Practice issued by the Commission, unless the Trustees are enquired to prepare accounts in accordance with the provisions of such of a Statement prepared by another body.