CIC Association

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Hannah
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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
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
Hannah is now a member of CIC Association
Feb 11

Profile Information

What is your postcode?
TN23 5HW
Name of organisation (if any) you are associated with?
East Kent Slings
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http:// eastkentslings.co.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?
Yes

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