Regulation 61(1) An approved trustee of a registered scheme shall cause to be prepared a profit and loss account and a balance sheet as at the last day of the period that gives a true and fair view of the financial position of the scheme before the deadline after a financial period of a scheme.(2) The balance sheet shall specify the assets and liabilities of the scheme and the obligations in respect of benefits payable to scheme members shall be regarded as liabilities for that purpose.(3) An approved trustee shall cause to be prepared a statement of account which gives a true and fair view of the scheme's financial transactions for the relevant financial period.(4) The statement shall specify the (a) fees for administrative expenses deducted or deductible by the trustee from scheme members' accounts; (b) contributions and contribution surcharge if any paid and payable by scheme members and recovered from scheme members or their employers where applicable; (c) total returns derived from investing the funds of the scheme taking into account capital appreciation and depreciation (d) total amount of accrued benefits paid to scheme members; (e) total amount of accrued benefits payable to scheme member which are not paid; and (f) amount of accrued benefits transferred to the scheme and from the scheme, during the financial period.(5) A trustee shall ensure that the accounting policies used in the preparation of financial statements is included in or attached to the financial statements.