CHARITIES and CIS’s

A Charitable Community Interest Company (CIC) is a type of organisation in the UK that operates as a social enterprise, combining aspects of both charities and traditional companies.  CICs are established to benefit the community or pursue charitable purposes, while also generating a limited amount of income through business activities.  The primary goal of a CIC is to use its profits and assets for the public good.

We play a crucial role in supporting Charities & CICs by providing personalised accounting services tailored to their unique needs.  By partnering with us they can enhance financial transparency, achieve compliance with regulations, and effectively manage their resources to fulfil their charitable missions.

A CIC involves specialised considerations due to its unique structure and charitable nature which our specialists with years of expertise and sage advice will champion to all our CIC & Charity client’s accounts.  Get in touch today.

How we Help our CIC Clients

  • Financial Reporting: Our team of accountants prepare financial statements that comply with relevant accounting standards and regulations. They ensure accurate financial reports and provide transparency and accountability to stakeholders, including donors, beneficiaries, and regulatory authorities.
  • Tax Compliance: We assist CICs in navigating complex tax regulations related to their charitable status. This includes ensuring compliance with tax laws, maximising tax benefits available to CICs, and preparing and filing tax returns.
  • Budgeting and Financial Planning: We help CICs develop budgets, forecast financial performance, and set financial goals aligned with their charitable mission. We support CICs providing financial insights and analysis and making informed decisions about resource allocation and sustainability.
  • Grant Management: We understand that many Charitable CICs rely on grants and funding from donors to support their charitable activities. We help CICs track expenditures, and report on the use of funds to donors and grantors to ensure this reporting is completed correctly.

Get in touch with us: 01243 251625, info@platinumas.co.uk

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