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valuation of business

A charity hived off some of its core activities to a private company set up by the trustees. This was ostensibly to reduce risk but that could have been addressed by setting up a trading subsidiary of the charity as a limited company.

The company has traded profitably for several years, income going to the owners / directors (also trustees of the charity) that should have gone to the charity.

How can I best assess the loss to the charity (all I have for the company are abbreviated accounts from the Companies House website) ???

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You need to ask the charity trustees for full information (I understand you are acting in a regulatory role).

You cannot get much further than establishing that you have a reasonable basis to make enquiries from the very limited information you have at present.

Alternatively can you obtain information from HMRC under s19 Anti-terrorism, Crime & Security Act 2001 arrangements?

David

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