Trading and the Law - London

Wednesday, 14 Jun 2017, 13:15 - 17:30


The course will cover the main legal and VAT considerations affecting charities carrying out trading – particularly governance, funding and resource sharing. It will examine the different types of trading, identify pitfalls to avoid and make recommendations of best practice. The session will look at the VAT considerations when setting up and running a trading entity, with a focus on the application of income and corporation tax on trading profits, and how this will impact on the organisational structures set up.

By the end of this session you will be able to:

  • assess whether to run the trading through the charity or a subsidiary trading company
  • be aware of your obligations under charity law when it comes to trading, including setting up a trading subsidiary
  • understand how to structure a trading company, its governance and its relationship with the parent charity
  • understand when and how to fund and share resources with a trading subsidiary
  • understand the VAT implications of trading through the charity or a subsidiary company.

Who should attend
The course will be of interest to Finance, Business Development and Operations Directors/Managers in charities and other senior management team who:

  • are looking to start or expand trading activities in their charity, whether to deliver charitable services or generate income
  • already have a trading subsidiary and wish to review the governance and funding arrangements and whether it is needed for all trading.

* Please note - this course is for registered charities only.

Ian Hempseed, Partner & Head of Charities and Social Enterprise, Hempsons
Ian heads the Charities and Social Enterprise team at Hempsons and has a wide range of experience in the field of charity, commercial, constitutional and governance law. He acts for a number of prominent charities including National Childbirth Trust, , the Ramblers' Association, Zoological Society of London and various medical Royal Colleges. Ian also advises charities on new structures for income generation and developing social enterprise models.

Phil Salmon, Partner & Head of VAT at haysmacintyre
Phil is a Chartered Tax Adviser and has specialised in VAT for over 25 year. He spent 9 years with HM Customs & Excise culminating in a spell in VAT policy. Since joining the profession he has acted as an adviser to a large number of charities, including BBC Children In Need, and The Woodland Trust as well as many independent schools. He also acts for a large number of Sports governing Bodies.

Delivered in association with Hempsons and haysmacintyre

Hempsons haysmacintyre logo


13:15pm Arrival and registration
13:30pm Explaining different types of trading
- identify which ones charities can undertake

Establishing trading subsidiary
- Why and when needed

Be clear on purpose
- Choose the right legal form

Funding trading subsidiary
- Funding options
- If an investment, issues for trustees
- How to structure
- Terms of loan by charity

Other support for trading subsidiary
- Staff
- Premises
- Databases and intellectual property
- Data protection
- Terms of supply by the charity

Governance of trading subsidiary
- Subsidiary board: composition and recruitment
- What to include in the governing document and its relationship with the charity
- Managing conflicts of interest
- Separate board meetings
- Trustee duties

Trading company as subsidiary charity
17:30pm Networking drinks

Venue Details


Hempsons, Hempsons House 40 Villiers Street, LONDON, WC2N 6NJ

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Bookings & Prices


  • Non CFG Member Charity - £88.00;
  • CFG Charity Member - £68.00;

Terms and Conditions:

Written notice of cancellations up to 21 days before an event will incur a 25% administration fee. After this time period, a 100% cancellation charge will apply. Substitutions (i.e. name changes) for the course booked can be made free of charge.

CFG reserves the right to cancel any event two weeks prior to the event date. You will be entitled to a full refund or given the opportunity to transfer to an alternative date. However we regret that we cannot refund any travel or accommodation costs incurred by delegates. CFG accepts no liability if an event is cancelled or postponed for reasons beyond our reasonable control resulting from an act of God, governmental regulation, fire, war, terrorist activity or civil commotion.

It may be necessary for reasons beyond our control to change the date, time or the venue at any time prior to the event date. If this occurs you will be informed of changes and given the opportunity to cancel or transfer to an alternative date.

CFG reserves the right to amend the content of the programme or the speakers where necessary without consulting booked delegates.

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