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Does the Summary Income and Expenditure account in the
Charities SORP comply with the Companies Act 1985?



Does the Summary Income and Expenditure account in the Charities SORP comply with the Companies Ac..

Answer / guest

Yes. The Companies Act 1985 (sch. 4) allows adaptation of
standard headings if 'special nature of business' demands
it. It is generally accepted that company charities are
companies with a 'special nature'.

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