CIC 34 Community Interest Company Report For official use (Please leave blank) Please complete in typescript, or in bold black capitals. Company Name in Sherston Old School Community Interest Company.
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How to fill out the Cic 34 Report online
The Cic 34 Report is a crucial document for community interest companies to summarize their activities and impact over the financial year. This guide will help you understand how to fill it out online, ensuring you provide all necessary information accurately.
Follow the steps to successfully complete the Cic 34 Report online.
- Press the ‘Get Form’ button to access the Cic 34 Report. This will open the document in the online editor, allowing you to begin filling it out.
- Enter the company name and number in the designated fields. Make sure they are typed in bold black capitals for legibility.
- In Part 1, provide a detailed description of your company’s activities and their impact on the community for the financial year. Explain how the activities have benefited the community that the company serves.
- For Part 2, list the stakeholders involved with your company. Describe how these stakeholders were consulted regarding the company's activities and what steps, if any, were taken based on their feedback.
- In Part 3, include information about directors' remuneration. State if any remuneration was received, or confirm that 'no remuneration was received' if applicable.
- Part 4 requires you to disclose any transfers of assets other than for full consideration. If no such transfers occurred, clearly state that 'no transfer of assets other than for full consideration has been made.'
- Once you have filled out all sections, move to Part 5 and have a director or secretary sign the report. You may also provide contact information to facilitate any necessary follow-up from the Registrar.
- Review your completed form for accuracy, then save your changes. You can download, print, or share the form as required before submission.
Complete and submit the Cic 34 Report online to ensure compliance and transparency for your community interest company.
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How do I file a CIC?
Use the forms below to register a CIC by post. 2.1 Complete form IN01: application to register a company. ... 2.2 Complete form CIC36: application to form a CIC. ... 2.3 Create the memorandum and articles of association. ... 2.4 Send the documents and fee.
What is CIC34?
A CIC34 report is a form used for annual reporting. Each year, you'd submit the report to the Regulator of Community Interest Companies. You'd submit your information to the Regulator by way of the Registrar of Companies in your area.
What is required for a CIC?
To set up a CIC , you'll need: a 'community interest statement', explaining what your business plans to do. an 'asset lock'- a legal promise stating that the company's assets will only be used for its social objectives, and setting limits to the money it can pay to shareholders.
Does a CIC need to be audited?
CICs are subject to the same regulatory requirements as companies, so they are exempt from an audit as long as they meet at least two of the following criteria: Their turnover is less than £10.2m. Their total assets are less than £5.1m. They have less than 50 employees.
Does CIC need annual report?
A CIC must file with its accounts each year an annual community interest report (form CIC34) which will be placed on the public record at Companies House and copied to the CIC Regulator.
What does a CIC have to file?
CICs must prepare an annual community interest company report, which is filed with the accounts using form CIC34. This report shows that the CIC continues to satisfy the community interest test that it passed when it was formed or converted, and that its activities continue to benefit the community.
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