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

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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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