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Alam Ahmed
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Placing a CIC on hold till next year - what to do?
2 Replies

Hi all - Hope everyone is well,Our CIC team is taking on work in different fields and are thinking about placing our CIC on 'hold' till next year when we begin a new project together again.Is there…Continue

Started this discussion. Last reply by Alam Ahmed on Tuesday.

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Alam Ahmed replied to Alam Ahmed's discussion Placing a CIC on hold till next year - what to do?
"Thanks John :] very informative!"
Tuesday
John Mulkerrin replied to Alam Ahmed's discussion Placing a CIC on hold till next year - what to do?
"Hi Alam  You need to submit this information to Co- House, so that means sending details of dormant accounts and an annual statement just as you would if you had traded.  A CIC can be dormant for up to 5 years before losing it's CIC…"
Monday
Alam Ahmed posted a discussion

Placing a CIC on hold till next year - what to do?

Hi all - Hope everyone is well,Our CIC team is taking on work in different fields and are thinking about placing our CIC on 'hold' till next year when we begin a new project together again.Is there anything in particular that we need to do, as we wont be trading?Thanks in advance!ASee More
Jun 16
Tim Cooper left a comment for Alam Ahmed
"Hi Alam - We are Communities Insurance Brokers CIC - we specialise in advising and assisting charity and social enterprise organisations find suitable and cost effective insurance cover. Our clients range from large social housing providers and…"
Dec 11, 2015
Rachel Gardiner-Hill replied to Alam Ahmed's discussion Paying our directors and possibly external consultants in the group Accounts Group
"We're happy to share more knowledge if you need it.  Rachel"
Nov 3, 2015
Alam Ahmed replied to Alam Ahmed's discussion Paying our directors and possibly external consultants in the group Accounts Group
"Hi Rachel Thanks again for your invaluable advice - it's helped clarify a lot of questions we had with going forward as a CIC. We have found an accountant who specialises in CICs and from there we will look for further support - hopefully it…"
Nov 3, 2015
Rachel Gardiner-Hill replied to Alam Ahmed's discussion Paying our directors and possibly external consultants in the group Accounts Group
"Hi Alam Glad to be of help it's a steep learning curve. I would really recommend that you get a friendly solicitor to draw up the external consultancy contracts and an accountant, we wouldn't be without either.  It's a worthwhile…"
Nov 3, 2015
Alam Ahmed replied to Alam Ahmed's discussion Paying our directors and possibly external consultants in the group Accounts Group
"Many thanks for your reply, Rachel - its very much appreciated (the team is having to figure out things as we go, as the person who knew CIC regs has left the org) Also, believe it or not, we havent yet employed an accountant to work with us (as…"
Nov 3, 2015
Rachel Gardiner-Hill replied to Alam Ahmed's discussion Paying our directors and possibly external consultants in the group Accounts Group
"Hello Alam We're a counselling CIC so here's what I know so far but I stand to be corrected. I would firstly check with your solicitor and your accountants - if the work is being delivered by your CIC then the CIC should be invoicing for…"
Nov 3, 2015
Alam Ahmed added a discussion to the group Accounts Group
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Paying our directors and possibly external consultants

Good morning!I am a director of a newly developed CIC that's still finding its feet and are looking to understand how to accept future invoices for work done.Our work is based in mental health awareness and as part of our remit we go into schools, deliver workshops to both young people and teachers, as well as run a multimedia hub which trains young people.A bit of background: We use to get paid on an individual basis from the organisation we did the work for. As all four of us were registered…See More
Nov 3, 2015
Alam Ahmed joined John Mulkerrin's group
Nov 2, 2015
Alam Ahmed 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
Nov 2, 2015
Alam Ahmed joined John Mulkerrin's group
Nov 2, 2015
Alam Ahmed is now a member of CIC Association
Nov 2, 2015

Profile Information

What is your postcode?
B160JN
Name of organisation (if any) you are associated with?
Ripple Birmingham CIC
Is that organisation a CIC?
Yes
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

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At 10:22 on December 11, 2015, Tim Cooper said…

Hi Alam - We are Communities Insurance Brokers CIC - we specialise in advising and assisting charity and social enterprise organisations find suitable and cost effective insurance cover. Our clients range from large social housing providers and charities to small CIC start-ups and voluntary groups. We have no minimum premiums and do not charge for our administration. Please let me know if we can can help. Kind regards Tim Cooper 07790 598080

 
 
 

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