Specialist CIC Accountants

Community Interest Company (CIC) Annual Accounts Preparation Services

Professional annual accounts preparation for Community Interest Companies across the UK. Our qualified accountants prepare fully compliant accounts, file your CIC34 report, and ensure you meet all Companies House and CIC Regulator requirements.

Fixed Fee Pricing
SORP & Companies Act Compliant
CIC34 Report Filing
Online Service Available
Free Consultation 01582 487594
Community Interest Company annual accounts preparation and compliance services
100+
CICs Served
15+
Years Experience
100%
Compliance Rate
The Essentials

What Are CIC Annual Accounts?

Annual accounts for a Community Interest Company are the formal financial statements a CIC must prepare at the end of each financial year. They are not an optional extra. Under the Companies Act 2006, every CIC must file its accounts with Companies House within nine months of its accounting reference date, no matter how small or how new the organisation is.

Unlike a charity, a Community Interest Company does not typically prepare accounts under the Charities SORP. Instead, a CIC follows the accounting standards that apply to ordinary limited companies, with the added requirement of the asset lock and a CIC34 report that proves how it has delivered community benefit. If you are still deciding between structures, our CIC vs charity comparison can help. In our experience as specialist CIC accountants, this combination is where many founders go wrong. Get it right and your annual accounts become a source of trust for funders, members and regulators alike.

Community Interest Company annual accounts preparation services, accountants reviewing financial documents and calculations for a CIC

CIC annual accounts are the formal financial statements a Community Interest Company must prepare each year and file with Companies House within nine months of its year end, alongside a CIC34 report that demonstrates community benefit.

Requirement What It Means for Your CIC
Companies House filing Annual accounts must be filed within nine months of your year end.
CIC34 report A separate community interest report must accompany your accounts.
Corporation Tax A CT600 return is prepared from your accounting records where required.
Asset lock compliance Your accounts must reflect that assets are used for community benefit.
What You Receive

What Is Included in CIC Financial Statements?

Every set of Community Interest Company annual accounts is made up of a few core financial statements, each serving a distinct purpose. Understanding what goes into them helps directors see the full picture of their organisation's performance and position.

Profit and Loss Account (Income Statement)

This statement shows your CIC's income and expenditure over the financial year. It sets out the money coming in from trading, contracts and grants against the costs of running the organisation, arriving at a surplus or deficit for the year. Curious how CICs raise that income in the first place? See our guide on how to get funding as a CIC.

  • Income from sales, services and memberships
  • Grants and contract income
  • Operating costs and overheads
  • Surplus or deficit for the period

Balance Sheet (Statement of Financial Position)

The balance sheet is a snapshot of what your CIC owns and owes at the year end. It lists assets, liabilities and reserves, giving funders and regulators a clear view of the organisation's financial strength and stability.

  • Fixed assets and equipment
  • Debtors, cash and bank balances
  • Creditors and liabilities
  • Reserves and retained funds

Notes to the Accounts

The notes expand on the figures in the statements, explaining the accounting policies used and providing extra detail that gives the accounts context and transparency.

  • Accounting policies and basis of preparation
  • Detailed breakdown of key figures
  • Related party transactions

Directors' Report

The directors' report provides governance context for the numbers. It summarises the CIC's activities, principal risks and future outlook, connecting the financial statements to the organisation's community mission.

  • Principal activities and community impact
  • Business review and future developments
  • Directors and their responsibilities

Plus Your CIC34 Report

Alongside these financial statements, every Community Interest Company must also file a CIC34 report explaining how it has delivered community benefit. Read our CIC34 report explained guide to learn exactly what it covers.

What We Do

Our CIC Annual Accounts Preparation Service

We take the burden of year-end accounts off your shoulders. Every engagement is handled by a dedicated accountant who understands Community Interest Companies, not a generic bookkeeper learning on the job.

Full Year-End Accounts

Preparation of complete financial statements in line with UK accounting standards, tailored to whether your CIC is limited by shares or by guarantee.

CIC34 Report Preparation

We draft your community interest report so it accurately reflects the benefit your CIC has delivered during the year. See our CIC34 report guide.

Corporation Tax (CT600)

We prepare and submit your Corporation Tax return where required. Learn more in our CIC Corporation Tax guide.

Companies House Filing

We file your annual accounts and confirmation statement on time, so you avoid late filing penalties and regulatory concern.

Asset Lock Review

We check your accounts are consistent with the asset lock. Read our asset lock guide.

Ongoing Advice

Practical guidance on director pay, dividends and funding throughout the year. See how CIC directors can be paid.

How It Works

How We Prepare Your CIC Annual Accounts

1

Free Review of Your Records

We review your bookkeeping, transactions and year-end position to identify exactly what your CIC needs before quoting a fee.

2

Preparation of Your Accounts

Your dedicated accountant prepares the financial statements correctly, applying the right framework for a CIC limited by shares or by guarantee. New to the structure? Start with our what is a CIC guide.

3

CIC34 Report and Tax Returns

We prepare your CIC34 community interest report and Corporation Tax return, making sure everything is consistent and compliant.

4

Filing and Sign-Off

You approve the final accounts and we file everything with Companies House and HMRC ahead of your deadlines.

Why Choose Our CIC Accountants?

  • Specialists in Community Interest Companies, not generalists.
  • Fixed fees agreed up front, with no hidden charges.
  • Clear deadlines and reminders so you never miss a filing.
  • Plain English advice you can actually act on.

Our Experience, In Our Own Words

In more than 15 years preparing accounts for social enterprises, we have seen first hand how a well-prepared set of CIC accounts opens doors with funders and lenders, while a late or incorrect filing can stall an organisation's momentum entirely.

Our team is ACCA, IFA and AAT qualified, fully insured and regulated, and we work with Community Interest Companies across the UK every day.

FAQs

CIC Annual Accounts Frequently Asked Questions

The questions our CIC accountants hear most often from directors and founders.

Does a CIC have to file annual accounts?

What is the difference between CIC annual accounts and a CIC34 report?

Do CIC accounts follow the Charities SORP?

What does it cost to prepare CIC annual accounts?

What happens if my CIC files its accounts late?

Can a CIC be dormant and skip annual accounts?

Why should I use a specialist CIC accountant?

CIC annual accounts preparation services, specialist accountants reviewing Community Interest Company financial reports at a modern office table

Ready to Get Your CIC Annual Accounts Sorted?

Speak to our specialist CIC accountants today for a free review of your records and a fixed, no-obligation quote. We will make sure your annual accounts, CIC34 report and Companies House filings are right and on time.

Call 01582 487594 Get a Fixed Fee Quote

ACCA, IFA and AAT qualified. Fully insured and regulated. UK nationwide coverage.