Paragraph 1

(1)

This paragraph applies for the purposes of this Schedule.

(2)

A charity is a “parent charity” if—

(a)

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 Article 266 of, and Schedule 10A to, the Companies (Northern Ireland) Order 1986 (NI 6), and

(b)

it is not a company.

(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 Article 3(4), is to be treated as forming part of a charity for the purposes of this Part of this Order, or

(c)

any charity to which a direction under Article 3(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 Article 267(1) of the Companies (Northern Ireland) Order 1986, or

(b)

a charity which is not an undertaking as so defined.