2.6 Group accounts

If a society has any subsidiaries, it must file audited group accounts, as well as the society’s own audited accounts, with the annual return. These accounts should provide a detailed annual report on all the activities and outcomes across the society and its subsidiaries, including their direct contributions to community benefit and project delivery. 

Group accounts, incorporating the society’s own accounts, must include the following financial tables:

• Consolidated balance sheet 
• Consolidated revenue account
• Consolidated Statement of Changes in Equity
• Society revenue account
• Society balance sheet
• Society Statement of Changes in Equity

If preparing group accounts, a society can include the figures for the parent society as a separate column. Alternatively, it can prepare a separate set of parent society only accounts. If it prepares two sets of accounts (i.e. group accounts and individual society accounts), both should be submitted to the FCA with the Annual Return (AR30).