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 ›
Charities
5 Best Accounting Software for Charities in 2022
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
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 ›
Budgeting vs. Financial Forecasting: What’s the Difference?
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
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?
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?
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 ›
Choosing the Best CIC, Charity or Social Enterprise Bank Account
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 ›
Charity Types: How to Choose the Right Charity Structure
As of 2021, there are about 166,000 registered charities throughout the UK. All of these organisations are using their resources to impact the community around them and leave this earth better off than they found it. And for that, they deserve gratitude…. Read More ›
Tips on Forming Charitable Incorporated Organisations
How can charitable organisations make a difference in their local community? Communities throughout the UK can benefit from several different organisations and outreach programmes. These organisations are usually structured in one of two ways. Companies can choose to form a… Read More ›