The instruction of community interest companies (CIC) provided organisations with new ways to view profit and community. Like any hybrid system, the aim was to match a combination of interests. However, a combination of interests rarely remains in balance. What… Read More ›
Charities
COVID-19 Community Fundraising
Bodies and minds need constant motion and stimulation to stay healthy. In this trying time, one or the other emphasis slips through the cracks. To compensate for more at-home time, many people look for opportunities to help their communities. No… Read More ›
How to choose a Legal Structure for Your Social Enterprise
For many, the idea of becoming a ruthless corporate tycoon is unpalatable. For those who dream of opening a business and making a difference, this image is too often seen as a triumph. Pushes in the past fifteen years have… Read More ›
Charity Bookkeeping and Accounting
Managing Charity’s Finances and Bookkeeping involves more than establishing a sum total or a bottom line. The art of bookkeeping comes from the ability to see data streams as they form, progress, and terminate. Excellent bookkeeping provides more than a… Read More ›
Independent Examination of Charity Accounts
Like a business, a charities and non profit organisations needs to manage their money and resources in a responsible and efficient manner. Unlike a business, though, a charity must undertake an annual examination of its accounts to make sure everything is going… Read More ›
How Charities can survive and weather the storm and Thrive
The future is never really known but in most situations, organisations are bolstered by seeing others succeed. The spirit of comparison and competition keeps an organization grounded and aware of the flow of setbacks and victories. When every charitable and… Read More ›
The Benefits of Forming a CIC Over a Charity
Like so many things that a person sets out to build, the underlying structure and intent combine to create the final form. Some structures will help one aspect of the organization and hinder others. No structure is perfect and everything… Read More ›
When to File the Charity Annual Return
Running a charitable organisation comes with a lot of deadlines and pressures. This is why employing services of a charity Accountant can be helpful. While many of these are in constant flux as investors, funding, and events all shift their… Read More ›
How to Support Local Food Banks During Coronavirus Outbreak
With over 251K confirmed cases of the Coronavirus now in the UK, the need for supplies is becoming greater every day. Local food banks have been a major support system for the community. However, with more and more cases rising every day, it’s… Read More ›
CIC v Charity: Understanding the Difference
If you’re considering setting up a social Enterprise that will benefit the community-at-large, you have two choices – a community interest company (CIC) or a charity. While both are designed to offer some benefit to others or the planet, they… Read More ›