CIC Association

Serving Community Enterprise


Latest Activity

Michelle Parkinson is now a member of CIC Association
3 hours ago
John Mulkerrin replied to Faye Bentley's discussion Bank balance in the group Accounts Group
"Hi Faye It depends on what you've agreed with your bank. If it doesnt have an overdraft then you shouldnt go below a zero balance. you wont receive fines from the bank unless doing something that isnt agreed. Re tax, you need to understand if…"
3 hours ago
Faye Bentley added a discussion to the group Accounts Group

Bank balance

Hi I am new to running a CIC and am currently a joint director or small health related company. We started with a small pot of funding however income is still slow so our funding is running low.Does anyone know if there is a minimum amount of money that is required to have in the bank account of a CIC? It had been suggested that we may need to wind up the company if we run out of funds due to tax implications and fines? I cant seem to find anything about this in the documents on this site. Can…See More
6 hours ago
Profile IconFaye Bentley and Annette Eatock joined Heidi Fisher's group

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
7 hours ago
Annette Eatock added a discussion to the group Accounts Group

Annual account

Hi all, I'm new to this forum and hope you can help.I need to prepare some end of year accounts so that I can apply for some funding before the accountant does the full end of year thing in Feb/March.Does anyone have a template that I could use? I've seen conflicting advice online and lots of different formats on Companies House. So advice would be helpful.We've only been a CIC for 14 months with not much activity so it should be quite straightforward?ThanksSee More
15 hours ago
John Mulkerrin commented on Robert Ashton's blog post Would you buy steak from a vegetarian butcher?
"Robert! Great to hear your update and congrats on becoming a CIC! It would be great to have a chat about this as there might be some convergence with a Charity im working with, let me know how you're fixed John"
Pete Scott replied to Pete Scott's discussion Putting a CIC 'on ice'. in the group CIC Governance
"Thanks John, I appreciate the help."
Profile IconMark McTaggart, Nicola Crawley, Faye Bentley and 2 more joined CIC Association


£240m health contract awarded to CIC 1 Reply

Started by John Mulkerrin in CICs in the News. Last reply by Eoin Heffernan Aug 15, 2015.

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…


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



From Funding Central


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