The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 PART 1 — MATTERS OF A GENERAL NATURE

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Introduction

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In addition to the information required by section 416 of the 2006 Act, the directors' report must contain the following information.

Introduction

Where a company has chosen in accordance with section 414C(11) to set out in the company’s strategic report information required by this Schedule to be contained in the directors’ report it shall state in the directors’ report that it has done so and in respect of which information it has done so.

Asset values

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Political donations and expenditure

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(1) If— (a) the company (not being the wholly-owned subsidiary of a company incorporated in the United Kingdom) has in the financial year— (i) made any political donation to any political party or other political organisation, (ii) made any political donation to any independent election candidate, or (iii) incurred any political expenditure, and (b) the amount of the donation or expenditure, or (as the case may be) the aggregate amount of all donations and expenditure falling within paragraph (a), exceeded £2000, the directors' report for the year must contain the following particulars. (2) Those particulars are— (a) as respects donations falling within sub-paragraph (1)(a)(i) or (ii)— (i) the name of each political party, other political organisation or independent election candidate to whom any such donation has been made, and (ii) the total amount given to that party, organisation or candidate by way of such donations in the financial year; and (b) as respects expenditure falling within sub-paragraph (1)(a)(iii), the total amount incurred by way of such expenditure in the financial year. (3) If— (a) at the end of the financial year the company has subsidiaries which have, in that year, made any donations or incurred any such expenditure as is mentioned in sub-paragraph (1)(a), and (b) it is not itself the wholly-owned subsidiary of a company incorporated in the United Kingdom, the directors' report for the year is not, by virtue of sub-paragraph (1), required to contain the particulars specified in sub-paragraph (2). But, if the total amount of any such donations or expenditure (or both) made or incurred in that year by the company and the subsidiaries between them exceeds £2000, the directors' report for the year must contain those particulars in relation to each body by whom any such donation or expenditure has been made or incurred. (4) Any expression used in this paragraph which is also used in Part 14 of the 2006 Act (control of political donations and expenditure) has the same meaning as in that Part.

Political donations and expenditure

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(1) If the company (not being the wholly-owned subsidiary of a company incorporated in the United Kingdom) has in the financial year made any contribution to a non-UK political party, the directors' report for the year must contain— (a) a statement of the amount of the contribution, or (b) (if it has made two or more such contributions in the year) a statement of the total amount of the contributions. (2) If— (a) at the end of the financial year the company has subsidiaries which have, in that year, made any such contributions as are mentioned in sub-paragraph (1), and (b) it is not itself the wholly-owned subsidiary of a company incorporated in the United Kingdom, the directors' report for the year is not, by virtue of sub-paragraph (1), required to contain any such statement as is there mentioned, but it must instead contain a statement of the total amount of the contributions made in the year by the company and the subsidiaries between them. (3) In this paragraph, “ contribution ”, in relation to an organisation, means— (a) any gift of money to the organisation (whether made directly or indirectly); (b) any subscription or other fee paid for affiliation to, or membership of, the organisation; or (c) any money spent (otherwise than by the organisation or a person acting on its behalf) in paying any expenses incurred directly or indirectly by the organisation. (4) In this paragraph, “ non-UK political party ” means any political party which carries on, or proposes to carry on, its activities wholly outside the United Kingdom .

Charitable donations

Provisions on this page are reproduced verbatim from official open data. See the attribution line.

Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 PART 1 — MATTERS OF A GENERAL NATURE

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