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financial issues

When closing or selling a project or organisation, much of your time will be taken up with dealing with the financial implications of your decision, which may even be the main reason for the closure.

There are numerous financial considerations that you need to bear in mind, including: tax, inland revenue, customs and revenue, capital gains, your own profit and loss situation, investments as well as debt to yourselves, or to your contractors, clients or staff.

This section gives links to information on the financial issues which need to be addressed when closing a project or organisation.

Links

Charity Commission

  - 'Guidance RS6 - Milestones: Managing Key Events in the Life of a Charity' includes useful information on winding up and your finances

Charity Commission

  - ‘Guidance RS3 - Charity Reserves’

Charity Commission

  - 'Guidance CC12 - Managing Financial Difficulties and Insolvency in Charities'