In order that financial responsibility is assured, proper accounting records must be kept including all the transactions and the assets and liabilities of the meeting. An annual statement of accounts must be prepared and this must be examined by an independent person who has the requisite ability and practical experience to carry out a competent examination of the accounts before they are considered by the responsible meeting, committee or other Quaker body and, if approved, accepted. If a Friend is appointed he or she should not have been involved in the accounting or property and financial management of the meeting concerned. If the gross income or the total expenditure in any year or in either of the two preceding years exceeds the current limit as specified in charity legislation then the examination must be carried out by a qualified auditor.
Next: 14.23
To find out about new appeals, go to 