Author Archives

• What Happens If You Miss the Charity Accounts Filing Deadline?

  By kgaccountantsblog on 14/10/2024 • ( 0 )

  

  Running a charity comes with many responsibilities, and one of the most important is filing your charity accounts on time. In the UK, charities are legally required to submit their accounts to the Charity Commission by a specific deadline, depending… Read More ›

• Starting Your Charity: Why a Charity Formation Service is Key

  By kgaccountantsblog on 07/10/2024 • ( 0 )

  

  Introduction Starting a charity can be one of the most rewarding endeavours you undertake, whether motivated by a personal cause or a desire to make a difference in your community. However, navigating the complexities of charity formation can be daunting…. Read More ›

• Understanding CIC Formation: A Complete Guide for Aspiring Social Entrepreneurs

  By kgaccountantsblog on 01/10/2024 • ( 0 )

  

  Forming a Community Interest Company (CIC) is a popular choice for individuals and groups with a passion for social change. A CIC provides a legal structure that ensures your business benefits the community while still allowing for the generation of… Read More ›

• Navigating Financial Reporting: Donations, Grants, Legacies, and Deferred Income Treatment for Charities

  By kgaccountantsblog on 30/09/2024 • ( 0 )

  

  Managing the finances of a charity or community interest company (CIC) involves more than just keeping track of income and expenses. For charitable organisations, financial reporting is critical not only for maintaining trust with donors and grant funders but also… Read More ›

• September 2024 Roundup: Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 25/09/2024 • ( 0 )

  

  We are coming to the end of September and fully settling into autumn here in the UK. Temperatures have dropped considerably, and some areas have experienced flooding, causing damage to local communities. While this may dampen the spirits of Community… Read More ›

• Leadership with Purpose: The Responsibilities of a CIC Director

  By kgaccountantsblog on 10/09/2024 • ( 0 )

  

  Running a Community Interest Company (CIC) isn’t just about profit or private gains; it’s about using business to benefit the community. CICs operate for the public good, and at the heart of these companies are their Directors. These leaders have… Read More ›

• Trustees’ Responsibilities: Ensuring Accurate and Timely Charity Returns

  By kgaccountantsblog on 09/09/2024 • ( 0 )

  

  Charities are vital to addressing social issues and supporting communities, but their success depends on more than just goodwill. Accurate and timely financial reporting is a crucial part of ensuring accountability and transparency in the sector. For UK charities, trustees… Read More ›

• How to Convert a CIC to a Charity

  By kgaccountantsblog on 03/09/2024 • ( 0 )

  

  Introduction Converting a Community Interest Company (CIC) to a charity can be a strategic move for many organizations. If your CIC’s mission is evolving or you’re looking to access new funding opportunities, transitioning to a charity might be the right… Read More ›

• Register Your Charity: A Comprehensive Guide

  By kgaccountantsblog on 02/09/2024 • ( 0 )

  

  Starting a charity can be one of the most fulfilling ways to contribute to your community and make a lasting impact. However, the process of registering a charity can seem complex and daunting. This guide will walk you through everything… Read More ›

• August 2024 Roundup: Latest CIC and Charity Funding Advice

  By kgaccountantsblog on 27/08/2024 • ( 0 )

  

  As the summer holidays draw to a close, with children across the UK gearing up to return to school on Monday, September 2, the final days of August offer a chance to reflect on the season’s highlights. From magical adventures… Read More ›