How should a charity account for its branches?
- 1 Answers
- 5465 Views
- I also Faced
- E-Mail Answers
Answer / 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 |
what are the processes for register's of ESIC any one suugest me please ?
what is software?
What is STP Reports
1 Answers 3i Infotech, Accel, CTS,
what is procedure to transfer funds between companies registered under sec 25 of the companies act? Is there is possible to get exemption certificate?
How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??
MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
what is the difference between public company and private company
What is meaning of H - form?
why opening stock posted in expences side in trading account
Treatment of Government grant and its utilization in P
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
Audit 
