Directors loan

November11 Registered Posts: 19 New contributor 🐸
I prepare the accounts for charitable company (very small...non-profit making) and the balance sheet currently shows a directors loan creditor (approx £2k)
The director would like to remove this liability from the BS as she feels it may adversely affect applications for grant income
However, she would like to be repaid this money in the future if the charity were ever to find itself in a position to do so
I would be gratful for any advice as to how this may best be achieved


  • deanshepherd
    deanshepherd Registered Posts: 1,809 Beyond epic contributor 🧙‍♂️
    Sounds like she wants to have her cake and eat it.
  • King of the Mountains
    King of the Mountains Registered Posts: 66 Regular contributor ⭐
    Is the cash available at the bank? Could you not actually pay it out the bank back to her for the moment to get it off the balance sheet. Then at a later date she can put it back in?
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