Gift Aid is a tax efficient method for individuals to make donations to charities. A Gift Aid donation from an individual is assumed to

As the trading company is a separate legal entity it must register for VAT if its taxable supplies exceed the VAT registration threshold. Any

Charities only retain tax relief if their income is spent on their charitable purposes and tax exemptions are not available for non-charitable expenditure. Non-charitable

The Gift Aid distribution of profits from a trading subsidiary to the parent charity can only be made from distributable profits. This means that

So that a subsidiary does not pay tax, it must shed its taxable profits by tax-effective transfer to the charity by Gift Aid. However,

All charities must disclose details of any remuneration or benefits received by trustees from the charity or a related entity or state if there

A charity must identify who its related parties are and this will always include trustees, their close family members and any entities within a

Heritage assets are assets with historical, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained for their contribution to knowledge and

There are a number of bases for apportionment that may be applied, such as proportion of direct costs, staff numbers, floor area or staff

Charities sometimes receive goods as donations, rather than cash. The value placed on gifts in kind included in the Statement of Financial Activities (SoFA)

The different types of funds are: Endowment funds are donations that have been given to a charity, either to be held as capital with

Organisations are required to: 1. be aware of who their related parties are 2. actively manage any transactions with them 3. disclose any related

The annual financial statements have to include a note to the accounts for disclosure of any related party transactions. If there are no related

A related party transaction may be on terms that are beneficial to the charity, or they may be on normal terms, known as arm’s

A related party transaction is a transfer of resources, services or obligations between related parties, regardless of whether a price is charged, including: Purchases

Related party is a term used by The Charities Statement of Recommended Practice that combines the requirements of charity law, company law and the

Cultural fit; perhaps the most significant barrier to successful merger is lack of “cultural fit”. Many charities rely on the goodwill of their stakeholders

The merger process can usually be broken down into five steps: 1. Feasibility study; undertaken to establish whether the merger is likely to work