In December 2017, the Financial Reporting Council (FRC) issued their Triennial Review 2017 of FRS 102. This report contains incremental improvements and clarifications to FRS 102, and although the principal effective date for these amendments is for accounting periods beginning on or after 1 January 2019, there are implications for charities and their trading subsidiaries as some clarifications have immediate effect. The clarification notes which are of relevance relate to gift aid payments made by trading subsidiaries to their parent charity.