CIC Association

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Elizabeth McClelland
  • Oxford
  • United Kingdom
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how to report NICs due on expenses if the expenses can't yet be paid because of lack of income!

Help, please! I am completely confused about how to deal with NICs due on expenses for our relatively new CIC. There is such a minefield of requirements out there that it is very hard for a single,…Continue

Started May 10, 2012

Does a CIC need an official Secretary?
2 Replies

Hi there,I wonder if anyone can enlighten me as to whether a CIC needs an official "Secretary" as well as Directors? So far, we've operated with just two directors, who are the only people involved…Continue

Started this discussion. Last reply by Elizabeth McClelland Dec 7, 2011.

Could ethical pricing structure be discriminatory?
2 Replies

I wonder if anyone in the CIC association has any ideas about my dilema?I have a very effective new school literacy support programme, and I set up Move4words CIC to provide the programme for…Continue

Started this discussion. Last reply by Elizabeth McClelland Nov 14, 2011.

Free banking for CICs?
3 Replies

Does anyone have experience in getting free banking from any of the high street banks for their CIC? I'm just setting up, and am looking to get a business account started.Continue

Started this discussion. Last reply by Elizabeth McClelland Feb 8, 2011.

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Latest Activity

Sophia Loi Shaw replied to Elizabeth McClelland's discussion How to close down a CIC? in the group Accounts Group
"Hi Elizabeth, I am interested in finding out why a CIC was not eligible for the grants you were applying to?  Who were these funding bodies and what were their reasons as to not supplying grants to CICs as a whole?  Who were they willing…"
Oct 22
Elizabeth McClelland replied to Elizabeth McClelland's discussion How to close down a CIC? in the group Accounts Group
"Thank you all very much for your replies.The whole CIC thing has been very depressing, as I am sure that this would have really taken off if grant awarding bodies in the education field were willing to suppport a CIC. The research has been the…"
Oct 17
Adrian Ashton replied to Elizabeth McClelland's discussion How to close down a CIC? in the group Accounts Group
"I'd echo Heidi's suggested approach (having used this in the past myself); however, as John has flagged up, it's important that there be some documented paper trail between the CIC and yourself that shows it's debt to you for the…"
Oct 10
Heidi Fisher replied to Elizabeth McClelland's discussion How to close down a CIC? in the group Accounts Group
"Hi Elizabeth, you would need to work out the market value of the assets and then either sell them and use the cash towards what you are owed, or transfer them to yourself and reduce the loan amount by the market value of the assets. In terms of…"
Oct 9
John Mulkerrin replied to Elizabeth McClelland's discussion How to close down a CIC? in the group Accounts Group
"Hi Elizabeth Did you have formal agreements for the debts you have accumulated personally with the CIC? I would suggest supplying the information in full to the CIC Regulator and asking for their guidance. Waiving the debt usually isnt an issue,…"
Oct 9
Elizabeth McClelland added a discussion to the group Accounts Group
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How to close down a CIC?

Dear CIC members,We sadly have to close down the CIC which I have been running for the past 5 years. We have made a big difference to many children with learning problems, but the cost of developing and researching the materials we use, and the cost of providing the services we provide to schools, has exceeded the income by a long way.We have no debts to anyone but myself, as I have been supporting the company with my own money. We also have no employees but myself.I would very much appreciate…See More
Oct 7

Profile Information

What is your postcode?
OX4
Name of organisation (if any) you are associated with?
Move4words Community Interest Company
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.move4words.org.uk
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
No

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At 14:34 on February 8, 2011, Elizabeth McClelland said…

've just set up Move4words CIC to provide my new coordinated body and eye movement programme for low prices to UK schools. There is really impressive evidence to demonstrate the programme's effectiveness in raising literacy and academic performance in both Primary and Secondary school children.

I'm currently offering the programme for the price of my travel expenses only, to any schools which would like to use the programme after Easter 2011, and in return, provide some more evidence for the effects on educationally relevant factors like concentration, reading comprehension, behaviour etc.

 
 
 

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