Author Archives

• What are the advantages of setting up a community interest company?

  By kgaccountantsblog on 16/05/2022 • ( 0 )

  

  Setting up a Community Interest Company (CIC) has many advantages over either being a normal corporation or setting up a charity.  A CIC is a hybrid between companies and charities in that it’s a company with a social mission, but… Read More ›

• 5 Best Accounting Software for Charities in 2022

  By kgaccountantsblog on 09/05/2022 • ( 0 )

  

  Did you know that the number of charities within the UK is around 166,000? Out of these charities, there are around 132,000 in England, 19,000 in Scotland, 4,000 in Northern Ireland, and 7,000 in Wales. The annual turnover of all of… Read More ›

• April Roundup of the Latest CIC Grant Funding Advice

  By kgaccountantsblog on 04/04/2022 • ( 0 )

  

  Did you know that, according to Prospects, the amount that the charity sector in the UK contributed, in 2020, to the economy was £20 billion? This made up 0.9% of the UK’s total GDP. These voluntary organisations also employ 950,000 people…. Read More ›

• Community Interest Company Formation (CIC) and Registration Process

  By kgaccountantsblog on 21/02/2022 • ( 0 )

  

  If you’re interested in incorporating a CIC, look no further. This will guide you through the CIC company formation and registration process. Community Interest Companies (CIC) were first created in 2005. Since then the number of CICs registered in the… Read More ›

• Budgeting vs. Financial Forecasting: What’s the Difference?

  By kgaccountantsblog on 14/02/2022 • ( 0 )

  

  Philanthropy is a thriving institution in many ways. Recent estimates place this industry at a $182 billion value. It seems to be doing quite well for itself.  But how do these industries balance their budget? How can a charitable organization maintain… Read More ›

• February Roundup of the Latest CIC Grant Funding Advice

  By kgaccountantsblog on 07/02/2022 • ( 1 )

  

  If you’re looking for small grants for CIC for your community organisation, you’ll want to read this roundup of the latest CIC grants in the uk. In this article, we’ll be covering six different grants that are available to organisations… Read More ›

• Accounting vs Bookkeeping: What’s the Difference?

  By kgaccountantsblog on 31/01/2022 • ( 0 )

  

  CICs are a community interest company. They serve a vital function in promoting community growth and development. The government of the U.K. designates them not as a charity, but as a benefit to society. But, unfortunately, everyone needs to do their… Read More ›

• Being a Charity Trustee: What’s Really Involved?

  By kgaccountantsblog on 17/01/2022 • ( 0 )

  

  Perhaps you are aware of all the troubles facing the world today. Maybe you decided this year that you will help solve the problem. This is excellent! Whether you want to solve world hunger or advocate for peace, we need… Read More ›

• January Roundup of the Latest CIC Grant Funding Advice

  By kgaccountantsblog on 04/01/2022 • ( 0 )

  

  The past few years were trying! After covid-19 settled down a little, the world was left with a cumbersome financial crisis. But, the good thing is we are here to help one another.  And, to kick off the year 2022… Read More ›

• Choosing the Best CIC, Charity or Social Enterprise Bank Account

  By kgaccountantsblog on 20/12/2021 • ( 0 )

  

  What’s the best way for a charity to handle its finances? Sure, they’re in the business of providing charitable services in the local community. But sound money management is what makes their impact in the community possible. This is all the more reason… Read More ›