A step-by-step guide on how to set up a charity in England & Wales
1. Decide on the Charity’s Purpose 2. Choose a Charity Structure 3. Choose Your Charity Name 4. Appoint Trustees 5. Draft a Governing Document 6. Register with the Charity Commission 7. Register with HMRC for Gift Aid 8. Set Up a Bank Account 9. Fundraising and Financial Management 10. Comply with Legal Requirements 11. Start […]
A step-by-step guide on how to set up a Community Interest Company (CIC) in the UK
1. Understand What a CIC Is 2. Decide the Type of CIC 3. Choose a Name 4. Draft a Community Interest Statement 5. Prepare Your Governing Documents 6. Register with Companies House 7. Submit a CIC36 Form 8. Provide Director and Shareholder Details 9. Create a Business Plan 10. Set Up a Bank Account 11. […]
Differences Between CICs, Charities, and Not-for-Profits in the UK
When it comes to setting up an organization with a social or charitable purpose in the UK, you may come across a variety of terms: CICs (Community Interest Companies), charities, and not-for-profit organizations. While all these entities are typically focused on benefiting society rather than making profits for individuals or shareholders, there are distinct differences […]
