101Content of financial statements

101 Content of financial statements (1) In addition to any other requirements under this Part, the financial statements of an incorporated association submitted at an annual general meeting of the association must contain particulars of the following— (a) the income and expenditure of the association during and at the end of its last financial year; (b) the assets and liabilities of the association at the end of its last financial year; (c) the mortgages, charges and securities of any description affecting any property of the association at the end of its last financial year; (d) for each trust of which the association was trustee during a period, being the whole or any part of its last financial year— (i) the income and expenditure of the trust during that period; and (ii) the assets and liabilities of the trust during that period; and (iii) the mortgages, charges and securities of any description affecting any of the property of the trust at the end of that period; (e) any trust, held on behalf of the association by a person or body other than the association, in which funds or assets of the association are placed. (2) If requested in writing to do so by one of its members, an incorporated association must permit the member at a reasonable time to inspect a copy of the trust deed of any trust referred to in subsection (1)(e). S. 102 (Heading) amended by No. 33/2015 s. 11(1).