CIC Association

Serving Community Enterprise

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Latest Activity

Kevin Kemp joined John Mulkerrin's group
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CICs seeking investment

If you would like the Association to get involved with helping you raise funds, please register your interest here and we will contact you to discuss your individual requirements. CIC Association recommends for start ups/small projects :Awards for All(Not for profit-3 Directors required, up to £10k) Unltd (For funding…See More
yesterday
Profile Iconjohn cooper, Jo1971, Julia Clarke and 5 more joined CIC Association
Wednesday
Mahmood Reza replied to Hannah's discussion Transfer of assets between Unincorporated association and CIC. in the group Accounts Group
"Money introduced can be dealt with in the same way as asset introductions. For assets & money I’d make sure you have paperwork on file, eg asset schedule & transfer/loan agreement - director minutes should suffice."
Mar 17
Hannah replied to Hannah's discussion Transfer of assets between Unincorporated association and CIC. in the group Accounts Group
"That sounds fairly simple. :) What about actual money, could that be used as starter capital? Do we need to say where it is coming from?"
Mar 16
Mahmood Reza replied to Hannah's discussion Transfer of assets between Unincorporated association and CIC. in the group Accounts Group
"Hi A simple way to transfer the assets is to 'sell them' to the CIC.  The value of the equipment, in its current condition would be recorded as an asset of the CIC (and hence capital allowances claimed), the value would be…"
Mar 16
Mahmood Reza and TESYouth are now friends
Mar 16
Hannah added a discussion to the group Accounts Group
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Transfer of assets between Unincorporated association and CIC.

Hi,We have been running as an unincorporated association for just over 2 years. We have just this week incorporated as a CIC. We have quite a lot of equipment that we want to transfer to the CIC. What is the best way of doing this? Selling the stock to the CIC? We haven't got any funds as a CIC a the moment. As a Unincorporated Association we agreed we would donate the stock to a similar organisation when we would close it, but of what I understand receiving donations that have a value towards…See More
Mar 15
Hannah joined Heidi Fisher's group
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Accounts Group

For any accounting related queries, including accounts software package questions, grants and trading income treatment, HMRC or Companies House queries/issues, tax reliefs for CICs, links to useful finance information etc
Mar 15

Forum

£240m health contract awarded to CIC 3 Replies

Started by John Mulkerrin in CICs in the News. Last reply by Eoin Heffernan Feb 20.

Barlinnie inmates to build Glasgow social housing through £2 million CIC Bond 1 Reply

Started by John Mulkerrin in CICs in the News. Last reply by Catriona Nason Nov 15, 2015.

CIC offers new 50% SEIS tax relief to investors 2 Replies

Started by John Mulkerrin in CICs in the News. Last reply by John Mulkerrin Sep 21, 2017.

Association Logos for CIC members 4 Replies

Started by John Mulkerrin in Introduce yourself. Last reply by Lucy Nov 4, 2017.

Blog Posts

Peoples Millions finalist!

Fantastic news! - Horses Helping People CIC in Buckinghamshire have won through to the final round of ITV's The People's Millions, where worthy projects compete for public votes to win a cash donation of £50,000 from the National Lottery Big…

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Posted by Debbie La-Haye on October 31, 2013 at 23:18 — 5 Comments

 
 
 

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