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A guide to third sector trading - WCVA

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It’s an idea, but is it business? A <strong>guide</strong> <strong>to</strong> <strong>third</strong> sec<strong>to</strong>r <strong>trading</strong><br />

1: Getting<br />

started<br />

2: First steps 3: Business<br />

planning<br />

4: Legal and<br />

governance<br />

5: Funding<br />

and<br />

resourcing<br />

6: Financial<br />

controls<br />

7: Managing<br />

growth<br />

8: Management<br />

and<br />

governance<br />

9: Social<br />

enterprise<br />

10: Sources<br />

of support<br />

10.2 More guidance and support<br />

Charity Commission: regula<strong>to</strong>r and registrar for charities in<br />

England and Wales. It offers extensive guidance material for<br />

charities, including publications like ‘CC35 – trustees, <strong>trading</strong> and<br />

tax details the legalities surrounding charities and <strong>trading</strong>’.<br />

www.charity-commission.gov.uk<br />

CIC Regula<strong>to</strong>r: Community interest companies (CIC) are a type of<br />

limited company designed specifically for those wishing <strong>to</strong> operate<br />

for the benefit of the community rather than for the benefit of<br />

the owners of the company. This means that a CIC cannot be<br />

formed or used solely for the personal gain of a particular person,<br />

or group of people. The Regula<strong>to</strong>r is an independent official who<br />

will encourage the development of the CIC brand and provide<br />

guidance and assistance on matters relating <strong>to</strong> CICs.<br />

www.bis.gov.uk/cicregula<strong>to</strong>r<br />

Companies House: Companies House incorporate and dissolve<br />

limited companies. They also examine and s<strong>to</strong>re company<br />

information delivered under the Companies Act and related<br />

legislation; and this information is available <strong>to</strong> the public.<br />

www.companieshouse.org.uk<br />

HM Revenue and Cus<strong>to</strong>ms: A single reference point for<br />

information about tax and VAT for charities along with information<br />

about tax relief for charitable donations.<br />

www.hmrc.gov.uk/charities<br />

Welsh Assembly Government: Information on programme,<br />

policies and grant schemes for enterprise.<br />

www.business.wales.gov.uk<br />

244

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