purplefleece

We are in our first year of trading as a CIC by Guarantee. Our business objective is to raise funds to cover the running costs of a free journal for professionals. If we have monies from our fundraising activities which we don’t use in this financial year, can we carry it over to the next financial year without paying tax on it? For example, we have overheads we need to cover in the next few years but may not be able to raise enough money each year to cover them.