Under the Government Resource and Accounts Act 2000 HM Treasury issue accounts directions to Departments, pension schemes and agencies and under the Government Trading Fund Act 1973 to trading funds.
For the years 2005-06 and 2006-07 the Department for Culture, Media and Sport has issued accounts directions for the form and content of resource and other accounts to the following sponsored bodies:
Historic Royal Palaces
Big Lottery Fund
Horserace Betting Levy Board
Olympic Delivery Authority
Olympic Lottery Distributor
Olympic Legacy Trust
The Regional Cultural Consortiums
For S4C the Accounts Direction has not changed but a Memorandum of Understanding including the existing accounts direction was issued in May 2007.