How should a charity account for its branches?

Answer Posted / guest

The trustees must ascertain the legal status of their local
units: Any 'branch' that fulfils the requirements to
register as a separate charity (ie it is autonomous, has
income over ?1,000 or has a permanent endowment or the
exclusive use/occupation of land), must be separately
registered. As a separate charity, it would normally have
its own accounts and trustees' annual report (but see
uniting directions question). If the branch is not a
separate charity then its funds will be included with those
of the main charity as follows: Funds raised by a branch
for the general purposes of the main charity will be
accounted for as unrestricted funds. Funds raised by a
branch for specific purposes of the main charity (including
for use solely in the branch) will need to be accounted for
as restricted funds. This is a complex area.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-

1955


what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?

2111


why your choseing bank of america

2252


hat is the meaning of the capital ique,and hat is capital,and ahat is ique

2109


Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.

2208






Treatment of Government grant and its utilization in P

1638


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2333


I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....

823


what is the abrevation for JJ in form jj

1445


i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.

1817


How to analyse the day to day sensex Points or Forex Values?

2252


I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap

1660


when will be appsc exams will held pls give me the dates

2194


what is meant by search report of the company n why is it prepared?

1720


How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?

7519