Comparison of frameworks - Cambridge Bilingual Groups

Organisational Framework	Liable body	Who has the control?	Who can be paid for administrative work?	Accountability: Record keeping and filing	Corporation Tax liability	Able to attract charitable funding?
Ltd Company	Company	Director(s), (can be an individual)	Directors can be paid	Accounts: Filed with Companies House Tax return: Filed with HRMC	20%/40% tax on profits	No
Community Interest Company CIC	CIC	Director(s), (can be an individual) Shareholders / members where applicable	Directors can be paid	Accounts CIC report: Filed with Companies House Tax return: Filed with HRMC	20%/40% tax on profits	Some
Charitable Incorporated Organisation CIO	CIO	Trustees, or corporate individual Members where applicable	Trustees cannot normally be paid	Accounts Trustees’ report Annual return: Filed with Charity Commission	Not liable	Yes
‘Charity’ with Ltd Company	Charity	Trustees Members where applicable	Trustees cannot normally be paid	Accounts Trustees’ report Annual return: Filed with Charity Commission PLUS Business accounts Tax return: as above	Charity not liable The Company has to donate all profits to the charity and therefore would not pay taxes.	Yes
Unincorporated Association	Yourselves	Yourselves	Not possible	Minimal accounts No filing	n.a. as no profits	Some

If you think your group will earn a lot of assets, please remember the asset lock that applies to CICs and charities.