donations in company accounts

Hi

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

 

 

 

 

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johnt27 |

Is it trading with a view to profit?

Chris Smail |
Chris Smail's picture

It is turnover

memyself-eye |
memyself-eye's picture

Sorry but No

Chris Smail |
Chris Smail's picture

Chris is right

Paul Scholes |
Paul Scholes's picture

So to clarify.....

hairyfingers |

Yes

Paul Scholes |
Paul Scholes's picture

What are the grants for?

Chris Smail |
Chris Smail's picture

Definately Grants.

hairyfingers |

Not that unusual

Paul Scholes |
Paul Scholes's picture