I'm doing the accounts for a company limited by guarentee. It is not a registered charity but carries out quite a lot of charitable work alongside regular trading. It's income for last financial year was circa £50k of which £12k was donations and grants from individuals at grant making bodies.
when I'm doing the abbreviated financial statements/mangement accounts I'm showing the income from donations and grants as normal but am I correct in saying that this income is not included on the CT600 as turnover? - as it is not trading income. Presumably, if so, then I just highlight this difference between the management accounts in the computations?
sorry I'm new to the concept of anything that isn't standard trading/charity
thanks for your input