Retail therapy
Ernese Skinner explains the process of setting up a trading subsidiary using her own charity as an example
The Managing in a Downturn survey,[1] undertaken by CFDG, IoF and PWC, focused on perceptions of charity finance directors and fundraising directors on the impact of the downturn over the next 12 months. Trading was one income stream where there was some optimism for future growth; 40 per cent of small (less than £1m) charities expected growth to be between 5 per cent and 10 per cent. Overall 43 per cent of charities expected trading income to grow by on average 9 per cent. CFDG’s decision to set up a trading subsidiary illustrates the process here, but professional advice should be sought at all times as individual circumstances can vary significantly.
Author: Ernese Skinner
Ernese Skinner is policy and campaings manager at CFDG. She has moved into the charity sector from the Office of Government Commerce, an independent office of HM Treasury.
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