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Pete Scott
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Pete Scott commented on Pete Scott's blog post CIC & Asset Lock
"Hi John - Thanks for that. It was just an enquiry someone made & I did not have a ready answer."
Mar 11, 2016
John Mulkerrin commented on Pete Scott's blog post CIC & Asset Lock
"Hi Pete It is an integral part of your existing governance. Is there any particular concern/asset? Best  John"
Mar 11, 2016
Pete Scott commented on Cecile Gillard's blog post Alert! Company law changes - are you ready for 6 April?
"Thanks for that Cecile. I will make a note for our next Directors meeting."
Mar 8, 2016
Pete Scott posted a blog post

CIC & Asset Lock

Hi - We have been incorporated as a CIC since 2012. Recently we were asked whether we has an asset lock in place. I had assumed this was just an integral part of our governance. However I now feel we should perhaps have a specific entry in our constitution. It is actually quite a useful question at this time as we are hoping to get a new van & upgrade our IT and so forth. How have other CICs handled this issue?See More
Mar 8, 2016
Pete Scott replied to Tim Cooper's discussion Do you need help with your Insurance obligations
"Hi Tim. I run a CIC which works with older people with dementia. www.growingtogetherdevon.co.uk We are changing our programs this year - as well as working in Care Homes we will be working with clients / cares in their own homes. I would be…"
Feb 4, 2016
Pete Scott replied to Ben Waddington's discussion New CIC, first Annua Accounts, Return due soon! in the group Accounts Group
"Just to add to Laura's comments. You need someone to prepare accounts - but very importantly - to file them as well. CIC Accountant can not be filed electronically with Companies House and they need to be filed seperately online with HMRC. Dick…"
Jan 5, 2016
Pete Scott replied to Ben Waddington's discussion New CIC, first Annua Accounts, Return due soon! in the group Accounts Group
"Best advice Ben. Get an accountant - but get one who understand CIC's. I started of volunteering - but in order to be able to fund my social purpose I formed a CIC in 2012. 1) Having good financial records is key to being able to access…"
Jan 5, 2016
Tim Cooper left a comment for Pete Scott
"Hi Pete - 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
Pete Scott replied to emily kelly's discussion Problems with account filing in the group Accounts Group
"Thanks for that Dick. My email address is growingtogetherdevon@icloud.com - get in touch and we can speak over the phone. "
Nov 25, 2015
Pete Scott replied to emily kelly's discussion Problems with account filing in the group Accounts Group
"Hi - I run a small CIC in Devon. We had an absolute nightmare with this issue. Our book keeper recommended an accountant who produced a paper copy of our accounts but then failed to file accounts on our behalf. We ended up with fines and work which…"
Nov 25, 2015
Pete Scott 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 25, 2015
Pete Scott is now a member of CIC Association
Oct 26, 2015

Profile Information

What is your postcode?
EX108BP
Name of organisation (if any) you are associated with?
Growing Together (Community Gardening) CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.growingtogetherdevon.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

Pete Scott's Blog

CIC & Asset Lock

Hi - We have been incorporated as a CIC since 2012. Recently we were asked whether we has an asset lock in place. I had assumed this was just an integral part of our governance. However I now feel we should perhaps have a specific entry in our constitution. It is actually quite a useful question at this time as we are hoping to get a new van & upgrade our IT and so forth. How have other CICs handled this issue?

Posted on March 8, 2016 at 18:27 — 2 Comments

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At 10:32 on December 11, 2015, Tim Cooper said…
Hi Pete - 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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