If your trading subsidiary has made losses since the previous year end you are required by the Companies Act to take extra steps before deciding what gift aid can be paid to the charity.

The content of guides is correct at the time stated above but inevitably legal changes, case law and new financial reporting standards will change. You are therefore advised to check any particular actions you plan to take with the appropriate authority before committing yourself. No responsibility is accepted by the authors for reliance placed on the content of this guide.