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 ›
Community Interest Companies
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 ›
Community Interest Company Formation (CIC) and Registration Process
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?
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 ›
January Roundup of the Latest CIC Grant Funding Advice
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
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 ›
December Roundup of the Latest CIC Grant Funding Advice
Our last funding roundup of the year! Honestly, it makes us a little sad inside. But, the silver lining is that the Christmas holiday is just around the corner. And, there’s still a lot of great opportunities for your organisation… Read More ›
Application to Form a Community Interest Company. What is CIC36 form?
What is CIC36 form? It’s a necessity for any social enterprise that wants to structure itself as a community interest company. All CICs need to fill out the CIC36 form and submit it to the Regulator of Community Interest Companies…. Read More ›