Companies Act 2006

The following changes have already taken place

Some things are optional, others are not:

You must:
Be aged 16 or over to be appointed as a director.

You do not need to:

  • Appoint a company secretary if you are a private company, through you can still do so if you wish
  • Hold an annual general meeting if you are a private company, unless you opt to do so.
  • Have a unanimous vote for resolution.
  • Subject to articles, if you are a private company. Members may agree in writing to Resolutions.
  • Get a count order to make capital reductions as a private company - they can be supported by a solvency statement instead.
  • File accounts one month earlier to avoid a penalty

All Companies House accounts filling deadlines have been reduced by one month.

You have one month less to file your accounts. For a private company it is nine months if you are a public company. This applies to accounting periods beginning on or after 6 April 2008.

If you file your accounts late you will be liable for a late filing penalty of up to £1,500 for a private company.

Full details can be found on our website.

Remember, you have 1 month less time.

It is vital that you remember, as you face a significant financial penalty if you do not file your accounts by the due date.

Save time and trouble by Filing on line

You can file many of our forms electronically.

This saves you time in providing information and gives you step-by-step help to prevent any errors or the irritation of having forms rejected. It can be cheaper too for some fee bearing forms.
You can access the WebFiling pages on our website.


Protecting your company from hijack

From 1st October, the Registrar's Protected Online Filing (PROOF) scheme will operate under the framework of the Act (section 1070).

Corporate identity fraud is becoming an increasing problem, with smaller firms just as vulnerable as larger ones. PROOF is our
scheme, which reduces the likelihood of your company falling victim to fraud. PROOF customers are protected from changes to their company details. They agree with the Registrar that they will only file certain documents electronically. If a fraudster tried to hijack' their company by filing a piece of paper this will be rejected.

Protect your company with PROOF. Find our more or signup on our website.

The Registrar urges all companies to sign up to PROOF. It can now easily be done via the WebFiling service using the company's authentication code (you no longer need the written consent of each director).

Writing a fundraising strategy

In the current economic climate and with changes in funding methods the question of how to maintain current income sources and generating new ones is high on the agenda for many organisations. Here we look at how a fundraising strategy can help you plan ahead and be of benefit to your organisation.

Why have a fundraising strategy?

  • Producing a fundraising strategy will help your organisation take a detailed look at its funding needs and develop a plan of how it can meet them.
  • It will help you to move away from planning and fundraising for projects in isolation. Rather than relying on funding opportunities as and when they come up, you can seek to be more systematic and take a more rounded and longer term view.
  • You need to examine the aims and objectives of the organisation as a whole, and put in place a plan which helps you meet them. You will need to decide timescales and targets for your fundraising efforts.
  • The process helps to ensure you are well prepared and organised to give you the best chance of being able to replace existing funds and/or to enable the organisation to expand through new funding.
  • A fundraising strategy will also help your organisation improve its targeting of funders, consider different options and encourages shared ownership in the organisation for fundraising planning.

Top tips on what to include:

AIMS: What do you want to achieve?
OBJECTIVES: what do you plan to do (activities, services)?
BUDGET: What will achieving your Aims and Objectives cost?
TIMTNG: By when do you need the money/resources?

ANALYSIS & PLANNING:

Where can you get the money/resources? (grants, contracts, trade, members, contributions, events)
What do you need to do and by when to obtain the resources/money?
Who is going to be responsible for doing what?
What is your back-up plan (contingency strategy) if the plans fail?

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Values and Ethos

CAP is committed to prioritising service delivery to under-resourced organisations. We are committed to;

Providing high quality, accessible, low cost services.
Equal opportunities - both in recognising diversity and in seeking to respond to meet these needs.
Encouraging organisations to be independent and enabling them to help themselves.
Providing our services on an independent and confidential basis.

 

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