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Active4Life
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  • United Kingdom
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Active4Life's Discussions

CIC - Management committee?
6 Replies

changed into a CIC in Mar 2010, applied for some funding via Big Lottery Fund to run a programme from the community centre, been told its unsuccessful & we need a management committee....Wanted…Continue

Started this discussion. Last reply by Robert Beckford Sep 26, 2010.

CIC statement for CIC 37 form - converting from Ltd to CIC
12 Replies

I am in the process of chaning from Ltd to CIC, i have some questions i need to know as my accountant is away and I can't find the answer.1) Is there any samples of the statement I need to put in for…Continue

Started this discussion. Last reply by Alastair Irvine May 21, 2010.

 

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Robert Beckford replied to Active4Life's discussion CIC - Management committee?
"Thanks to John, Adrian & Dave for the words of guidance & information. We are limited by shares and on balance we had hoped to apply for grants as sources of funding- which now seems more difficult than anticipated. We will also be trying…"
Sep 26, 2010
David Floyd replied to Active4Life's discussion CIC - Management committee?
"Hi Robert, You certainly do need three directors (who also form the management committee) in total and no married couples for the vast majority of funding bids. None of the major grant funders who've funded us - Lottery, Tudor, Comic Relief -…"
Sep 26, 2010
John Mulkerrin replied to Active4Life's discussion CIC - Management committee?
"Hi Robert The key thing to understand is what the grant giving body might view as a risk. Its easier for them to have confidence if they know there is a strong governance system in place, as it means they wont have to spend time and effort keeping…"
Sep 25, 2010
Robert Beckford replied to Active4Life's discussion CIC - Management committee?
"Hi Adrian, as suggested elsewhere on the forum, could you circumvent this issue by possibly appointing non-executive directors? and then having the executive directors run the company? What would be the other options to access grant funding in terms…"
Sep 25, 2010
Adrian Ashton replied to Active4Life's discussion CIC - Management committee?
"hi Active4Life, the Lottery (along with just about all grant making bodies) like to see that any group seeking funds is led by a primarily non-executive board, and that there are no potential conflicts of interest within its make up; in practice…"
Jul 22, 2010
Active4Life posted a discussion

CIC - Management committee?

changed into a CIC in Mar 2010, applied for some funding via Big Lottery Fund to run a programme from the community centre, been told its unsuccessful & we need a management committee....Wanted to know if there is any documentation around this & how it can be set up & works? myself & another business partner are directors, does this not make us the management members too? do we need 3 or more?the reason given:Your organisation does not have at least three unrelated people on its…See More
Jul 19, 2010
Alastair Irvine replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"I believe that Charities cannot employ members due to the Charity rules that basically say that Trustees cannot be paid (other than basic expenses). I do not believe this applies to CICs."
May 21, 2010
Active4Life replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"Hi again, thanks for the feedback, makes sense, its that I have taken over a community centre, my existing training company i have transferred to cic and moved in upstairs, still delivering a contract which makes money which will be reinvested back…"
May 20, 2010
Alastair Irvine replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"As long as there is nothing within the Mem&Arts of any of the CICs in question, or the employment contracts [if there are any]; one can be Director of as many CICs as you like. One could even own all of them too (if they were 'by…"
May 11, 2010
Active4Life replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"Hi, hope you well, you may remember me from a while back, just wanted to brief you in, we converted to CIC and moved into our new community centre. I wanted to ask you if I was allowed to form another CIC company, which will work from the centre,…"
May 11, 2010
Alastair Irvine replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"Yes, you can be Director of as many companies as you like. If I were you I would move the contract before sending off the forms to become a CIC. Then the Regulator is unable to pry into the sale of the contract from one company to the other, as it…"
Feb 19, 2010
Active4Life replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"Thanks for all the information, its all becoming a little more clear now, i have approached 2 accountants in London, neither were able to provide the information I am getting on the CIC association forum, its much appreciated. I am moving into CIC…"
Feb 18, 2010
John Mulkerrin replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"well corrected Alastair, i didnt mean to say she had to approve it beforehand, i was suggesting he send it to her for comments and any obvious problems before he proceeded......following the old stitch in time saves nine logic :-) its good for us…"
Feb 17, 2010
Alastair Irvine replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"John, you say that the loaning of an asset to a CIC needs approval from the regulator - you sure about this? This would seem to hamper commerciality quite considerably if any loan/commercial contract I enter into has to be "approved" ? I…"
Feb 17, 2010
Alastair Irvine replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"John is right - anything left in the Co will fall into the asset lock so you need to decide now how much to leave in and how much to take out. This is not just taking out the cash - this means deciding on how much dividend or bonus to pay (depending…"
Feb 17, 2010
Active4Life replied to Active4Life's discussion CIC statement for CIC 37 form - converting from Ltd to CIC
"John, Many thanks for the form, provided me with an understanding on information needs to go onto the form. I have completed our form and is on the way to the agent, our accountant is kinda useless and has been dragging conversion since December…"
Feb 17, 2010

Profile Information

What is your postcode?
EC2A 3QY
Name of organisation (if any) you are associated with?
Active4Life
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.active4life.eu.com
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

Active4Life's Blog

Converting to CIC from LTD

I am in the process of converting to CIC from Ltd, I have the form CIC 37, is there anywhere I can view samples of the statement which needs to go in?

Posted on February 16, 2010 at 15:10

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