150Qualifying bodies
(1)A body is a qualifying body for the purposes of this group of sections if—
(a)a reasonable person might consider that its activities are being carried on for the benefit of the community in England,
(b)except in the case of a body of a prescribed kind, it satisfies prescribed conditions relating to the distribution of its profits,
(c)it is carrying on a business, and
(d)it satisfies such other conditions as may be prescribed.
(2)Regulations may provide that—
(a)a body may only be a qualifying body if it is of a prescribed kind;
(b)activities of a prescribed description are to be treated as being, or as not being, activities which a reasonable person might consider are activities carried on for the benefit of the community in England.
(3)“Community” includes a section of the community; and regulations may make provision about what does, does not or may constitute a section of the community.