1—(1) This paragraph applies for the purposes of this Schedule.N.I.
(2) A charity is a “parent charity” if it is (or is to be treated as) a parent undertaking in relation to one or more other undertakings in accordance with the provisions of section 1162 of, and Schedule 7 to, the Companies Act 2006 (c. 46).
(3) Each undertaking in relation to which a parent charity is (or is to be treated as) a parent undertaking in accordance with those provisions is a “subsidiary undertaking” in relation to the parent charity.
(4) But sub-paragraph (3) does not have the result that any of the following is a “subsidiary undertaking”—
(a)any special trusts of a charity,
(b)any institution which, by virtue of a direction under section 1(4), is to be treated as forming part of a charity for the purposes of this Part of this Act, or
(c)any charity to which a direction under section 1(5) applies for those purposes.
(5) “The group”, in relation to a parent charity, means that charity and its subsidiary undertaking or undertakings, and any reference to the members of the group is to be construed accordingly.
(6) For the purposes of—
(a)this paragraph, and
(b)the operation of the provisions mentioned in sub-paragraph (2) for the purposes of this paragraph,
“undertaking” has the meaning given by sub-paragraph (7).
(7) For those purposes “undertaking” means—
(a)an undertaking as defined by section 1161(1) of the Companies Act 2006 (c. 46), or
(b)a charity which is not an undertaking as so defined.
Commencement Information
I1Sch. 6 para. 1 in operation at 1.1.2016 by S.R. 2015/383, art. 2(3), Sch.