Autumn is the perfect time to take a breath and look for additional funding for your CIC. As we do every month, we have some featured grants for you to explore to fund your good works. 1: McCarthy Stone Foundation… Read More ›
Community Interest Companies
September 2023 Roundup of Latest CIC and Charity Funding Advice
As we head into Autumn, you will want to make sure that your CIC or charity has sufficient funding. The team at KG Accountants has assembled another list of grants and funding sources for you to consider for your business’s… Read More ›
How to Pay Yourself as a CIC Company Director in the UK
Leading a Community Interest Company (CIC) offers a unique blend of business acumen and social purpose. While your primary objective might be community welfare, it’s equally important to understand how you can sustainably remunerate yourself. In the UK, CIC directors… Read More ›
Are CIC directors employees of a company?
Briefly put, CIC directors are frequently employees but also might not be since their job status is entirely dependent on individual circumstances. Along with company secretaries, directors are referred to as ‘office holders’ by default. Whether or not someone has… Read More ›
August 2023 Roundup of Latest CIC and Charity Funding Advice
We hope you are enjoying the mix of rain and sunshine this August. Your organisation is doing amazing work to help the community. At KG Accountants, we want to help. Below is the August listing of grants for CICs and… Read More ›
Community Interest Companies in UK: CIC Directors’ Responsibilities
Every CIC must have directors. Directors have statutory obligations they must meet. As vital parts of the structure and operation of a CIC, it’s important to understand what directors do, how many are needed in a CIC, and the specific… Read More ›
How do I register a CIC in the UK?
As with setting up any other company, you need to consider the different types of community interest companies (CICs), their advantages and disadvantages, and the restrictions and freedoms that come with each type of CIC. In this blog, we want… Read More ›
July 2023 Roundup of Latest CIC and Charity Funding Advice
In our effort to support CICs and charities, we’ve gathered another round of grants that are open right now. Private companies and government agencies want to help you accomplish your mission, so apply for these grants. Hopefully, you’ll find the… Read More ›
Advantages and disadvantages of a community interest company (CIC)
When you’re passionate about a social purpose, you might consider forming a Community Interest Company (CIC). A CIC’s principal goal is to benefit a community rather than turn a profit for shareholders, but like any business model, it’s got its… Read More ›
How do you convert a private limited company to a CIC?
Converting a limited company to a community interest company (CIC) is a decision that shouldn’t be taken lightly. It’s a process that takes time and effort. It’s also something that’s not easily reversed. That said, Companies House has provided a… Read More ›