# The Community Interest Company Regulations 2005, Regulation 26: General

Extent: E+W+S

(1) Every community interest company report shall contain—
(a) a fair and accurate description of the manner in which the company’s activities during the financial year have benefited the community;
(b) a description of the steps, if any, which the company has taken during the financial year to consult persons affected by the company’s activities, and the outcome of any such consultation; and
(c) directors’ remuneration information.
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1A) In paragraph (1)(c) “directors’ remuneration information” means—
(a) in the case of a company to which the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 apply, the information specified in Schedule 4A to these Regulations;
(b) in the case of a company to which the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 apply, the information specified in Schedule 5 to those Regulations, save that the information specified in Part 2 of that Schedule need only be given in the case of a company which is not a quoted company.
(2) If, during a financial year, a community interest company has transferred any of its assets other than for full consideration—
(a) to any asset-locked body (other than by way of an exempt dividend); or
(b) for the benefit of the community other than by way of transfer to an asset-locked body,
its community interest report for that financial year shall specify the amount, or contain a fair estimate of the value, of such transfer.
(3) If—
(a) a community interest company has provided the information required by paragraph (1)(c) in its copy of the annual accounts for the year delivered to the registrar of companies under section 441 of the 2006 Act; and
(b) its community interest company report contains a statement that details of the remuneration of the directors of the company during the financial year may be found in the notes to the annual accounts of the company,
the community interest report need not contain the information required by paragraph (1)(c).
(4) Paragraphs (1)(c) and (3) have effect for financial years ending on or after 1st October 2009.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/2005/1788/regulation/26 (the official version)
Page: https://openlegislation.uk/community-interest-company-regulations-2005/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.