Category Archives: Charities & Social Businesses

We help charities and social businesses by providing advice, support and reassurance that all the financial aspects are well-managed, allowing you to focus on your important work.

Areas we assist charity clients:

A Picture of Martin Bailey - Partner

Until the ICAEW released its new guidance, the Charity Commission’s approach to this area (guidance CC35, which has since been withdrawn for review and update) was that a subsidiary could pay to its parent charity as a gift aid donation an amount greater than its accounting profits – but this will now change following the ICAEW review.

Donations by a subsidiary company to its parent charity – beware a potential pitfall

- mbailey@goodmanjones.com

Posted on 2nd December 2014

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