We recently hosted an event – one of three this summer exploring funding diversification for charities. The focus of this event was on trading.
We kicked off with a presentation from Livia Velicu – an Associate in the Charity and Social Enterprise team at Bates Wells, followed by presentations from three local charities who are trading or in the process of developing their ideas on trading.
Livia gave us a whistle-stop tour of charities and trading looking at the legal basis on which charities can trade without creating a trading subsidiary. She then went on to explain when it might be advantageous to set up a trading subsidiary and the pros and cons of doing so.
The charities sharing their experiences around trading were: