The National Trust1 must cause to be kept proper books of accounts with respect to: (1) all sums of money received and expended by the trust and the matters in respect of which the receipt and expenditure takes place2; (2) all purchases and sales of the trust's property3; and (3) the trust's assets and liabilities4. Proper books of account are not deemed to be kept with respect to these matters if there are not kept such books as are necessary to give a true and fair view of the state of the affairs of the trust and to explain
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234