CIC Association

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Rachel Gardiner-Hill
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Rachel Gardiner-Hill's Discussions

Re donations to a CIC
1 Reply

Can anyone clarify the situation regarding donations to a CIC? Someone doing a sponsored bike ride wants to offer us some of the sponsorship money, which obviously can't be gift aided so I presume…Continue

Started this discussion. Last reply by John Mulkerrin Aug 31, 2016.

Minuting Directors Meetings
1 Reply

As Directors we meet once a week to discuss operational matters (sometimes all of us and sometimes not). We have decided to designate the second meeting in each month as a full board meeting with…Continue

Started this discussion. Last reply by Rachel Gardiner-Hill Apr 28, 2015.

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Latest Activity

Rachel Gardiner-Hill replied to Rachel Gardiner-Hill's discussion Donations and turnover in the group Accounts Group
"Thanks Heidi, this is kind of where I was.  Will check with accountants as to their thinking on this.  It's just this donation could push us over the VAT threshold which we don't want. Rachel"
Mar 16
Heidi Fisher replied to Rachel Gardiner-Hill's discussion Donations and turnover in the group Accounts Group
"I can't see how there has been a supply for vat purposes as donations are freely given without the expectation of receiving anything in return. As such I would not count them towards business/taxable turnover for vat purposes. They would be non…"
Mar 16
Rachel Gardiner-Hill replied to Rachel Gardiner-Hill's discussion Donations and turnover in the group Accounts Group
"Hi Andy Many thanks for replying. Here is the response for our accountants 2)       Bad news on the donation for VAT – it is included in taxable turnover. Sorry. I took a second opinion on this just to be…"
Mar 16
Andrew Fleet replied to Rachel Gardiner-Hill's discussion Donations and turnover in the group Accounts Group
"Hi Rachel. You are right that it is subject to Corp tax, however if it is a genuine donation (i.e. the person/business making the donation expects nothing in return) then it is outside the scope of VAT. Thanks. Andy"
Mar 15
Rachel Gardiner-Hill added a discussion to the group Accounts Group
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Donations and turnover

Canvassing for opinion - aware that donations to CIC's are liable to corporation tax but would a donation to a CIC be subject to VAT.  Opinion given to us suggests that is counted as such but I wonder what it's relationship if any to trading is, but given that donations are subject to corporation tax I suppose it makes sense.  Thoughts appreciated.See More
Mar 15
Heidi Fisher replied to Rachel Gardiner-Hill's discussion VAT and CIC's in the group Accounts Group
"There's not much you can do about it if you are going to go over the threshold.  Things you can check you haven't included are grants as these are exempt from VAT and don't count towards the VAT threshold.  If you are…"
Feb 21
Rachel Gardiner-Hill added a discussion to the group Accounts Group
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VAT and CIC's

Sorry published this as a comment when it probably should have been a discussionHiCan anyone share their experience of managing reaching the trigger point for VAT registration as a CIC, we hadn't thought we would get to ti this financial year but it's approaching at the speed of an express train and we will have to do it soon. This is problematic for us as a counselling CIC as it runs counter to our social mission of providing affordable counselling as it will involve a further fees hike…See More
Feb 21
Rachel Gardiner-Hill commented on Heidi Fisher's group Accounts Group
"Hi  Can anyone share their experience of managing reaching the trigger point for VAT registration as a CIC, we hadn't thought we would get to ti this financial year but it's approaching at the speed of an express train and we will…"
Feb 20
Rachel Gardiner-Hill commented on Rachel Gardiner-Hill's status
"OK thanks, I was struggling with 25% of the voting rights and if that applies if we don't issue shares?"
Dec 14, 2016
John Mulkerrin commented on Rachel Gardiner-Hill's status
"PSI? If you mean register of persons of significant control yes, you will need to complete"
Dec 14, 2016
Rachel Gardiner-Hill posted a status
"Can anyone help with PSI Register? Not clear if we need to do it."
Dec 13, 2016
John Mulkerrin replied to Rachel Gardiner-Hill's discussion Re donations to a CIC
"Hi Rachel If the activity itself is regarded as 'charitable activity' then it is possible to receive gift aid. Have a look at https://localgiving.org/ and you can apply there, very similar proposition to justgiving. Best John"
Aug 31, 2016
Rachel Gardiner-Hill posted a discussion

Re donations to a CIC

Can anyone clarify the situation regarding donations to a CIC? Someone doing a sponsored bike ride wants to offer us some of the sponsorship money, which obviously can't be gift aided so I presume that precludes it coming through Just Giving. I assume on receipt of the donation we will have to treat it as trading income in some way or another?See More
Aug 31, 2016
Rachel Gardiner-Hill commented on Heidi Fisher's group Accounts Group
"Hi Heidi That is  massively useful information.  Thanks. Rachel"
Nov 25, 2015
Rachel Gardiner-Hill commented on Heidi Fisher's group Accounts Group
"Thanks Adrian that's really helpful. Rachel"
Nov 24, 2015
Rachel Gardiner-Hill commented on Heidi Fisher's group Accounts Group
"Can anyone clarify the situation re CIC's and corporation tax, I absolutely get it that we have to pay it if we generate a profit.  The reason I ask this is because it is likely we will reach our year end with a small surplus that it feels…"
Nov 24, 2015

Profile Information

What is your postcode?
rh13 5sb
Name of organisation (if any) you are associated with?
Horsham & Crawley Counselling Group
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://hccounselling.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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