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Charities Trading, Tax and Subsidiaries
Many charities trade, either as an integral part of their charitable activities or to raise funds. Some charitable groups/organisations set up a subsidiary ("business" or "trading arm") as a way to generate income on a more substantial or permanent basis, which is a non-charitable trading company.
Checklist: The significance of COVID-19 for the preparation of accounts under The Charities SORP
The impact on business that the COVID-19 pandemic is having, and the extent this effects financial statements, in terms of measurement and disclosure, will depend on the particular facts and circumstances of each charity.
Dealing With Conflict: Toolkit
The default responsibility for dealing with conflict situations lies with the Chair, and this is assumed in the points below. If the Chair is party to the conflict, management committee members may wish to nominate someone from their membership to take responsibility for resolving the situation.