210GAnnual financial statements to be provided to Electoral Commission

1. The secretary of a party that is an incorporated society must provide a copy of the party’s annual financial statements to the Electoral Commission—

2. on the same date as the date on which the party’s annual financial statements are given to the Registrar of Incorporated Societies; but
3. in any event, not later than 6 months after the party’s balance date.

4. The secretary of a party that is not an incorporated society, but that has a constitution requiring the preparation of annual financial statements for the party, must provide a copy of the party’s annual financial statements to the Electoral Commission within 6 months after the party’s balance date.

5. The secretary of a party that is not an incorporated society and does not have a constitution requiring the preparation of annual financial statements for the party must provide to the Electoral Commission each year, within 6 months after the most recent default balance date, annual financial statements for the previous 12-month period ending on that default balance date (the previous 12-month period) prepared in accordance with generally accepted accounting practice and containing the following information:

6. details of the income and expenditure, or receipts and payments, of the party during the previous 12-month period; and
7. details of the assets and liabilities of the party at the close of the previous 12-month period; and
8. details of all mortgages, charges, and other security interests of any description affecting any of the property of the party at the close of the previous 12-month period.

9. No annual financial statements that are in respect of any period before 1 January 2023 are required to be provided to the Electoral Commission under this section.

10. If a party’s registration is cancelled in any year, the secretary of the party, or the person who most recently held that position, must provide to the Electoral Commission a copy of—

11. the party’s annual financial statements next due under this section as if the party’s registration had not been cancelled; or
12. the financial statements of the party for the period commencing on the day after the party’s last balance date and ending on the date of cancellation of the party’s registration.

13. In this section,—

    default balance date means 31 March in any year

    generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013

    incorporated society means an incorporated society registered under the Incorporated Societies Act 1908 or the Incorporated Societies Act 2022.