SCHEDULES
C1SCHEDULE 7 Matters to be Dealt With in Directors’ Report
Part I Matters of a General Nature
Political and charitable gifts
4
1
Paragraph 3 does not apply to a company which, at the end of the financial year, has subsidiaries which have, in that year, given money as mentioned above, but is not itself the wholly-owned subsidiary of a company incorporated in Great Britain.
2
But in such a case there shall (if the amount of money so given in that year by the company and the subsidiaries between them exceeds £200) be contained in the directors’ report for the year—
a
in the case of each of the purposes for which money has been given by the company and the subsidiaries between them, a statement of the amount of money given for that purpose, and
b
in the case of political purposes for which money has been given, the like particulars (so far as applicable) as are required by paragraph 3.
Sch. 7 (except paras. 2, 7 and 8) applied with modifications by S.I. 1985/680, regs. 4–6, Sch.