The CIC Report

CICs need to better understand the value of the annual community interest report which accompanies the annual accounts. On face value it is simply a requirement under CIC legislation but it is far more important than that and CICs need to take full advantage of this.

These are placed on public record and can be downloaded for free from Companies House. They are an opportunity for CICs to showcase what they do they have done in the preceding year including the activities undertaken to deliver community benefit and engagement with stakeholders. This is a powerful tool and many CICs use them to demonstrate social impact but sadly too many see this as a paper exercise and miss this valuable opportunity.

I am going to be working with other partners such as the CIC Association in the near future to ensure that CICs are offered a bespoke service tailored to their needs which will ensure they make informed decisions and have ongoing support.

PH Consultancy

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