For the purposes of regulations 107 and 108, a "not-for-profit organisation" means an organisation that—
(a) is not established for the purposes of profit or gain; and
(b) has a primary purpose or objective that it is operated not for profit or gain; and
(c) does not distribute any part of the profit or gain made in the conduct of activities by the organisation to any entity; and
(d) has wholly charitable, benevolent, philanthropic or recreational purposes; and
(e) is not a school or an educational institution; and
(f) is not a body which promotes or is funded by horse racing or greyhound racing.