CIC Association

Serving Community Enterprise

All Blog Posts (229)

Problems with being a CIC limited by shares,compared to being limited by guarantee - Help!

I am the NED for a small CIC which is Limited by Shares, when it was created a few years ago, but we are finding that this excludes us from a number of Grant Awarding Opportunities which is very frustrating.

I know that we can't switch the CIC from one limited to one limited by guarantee, without actually winding up the existing structure and restarting, with all the costs, legal and logistical hassles that this would involve.

However, I would like to know if anyone has…

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Added by Mark Hadley on October 29, 2018 at 13:03 — No Comments

Problems with being a CIC limited by shares,compared to being limited by guarantee - Help!

I am the NED for a small CIC which is Limited by Shares, when it was created a few years ago, but we are finding that this excludes us from a number of Grant Awarding Opportunities which is very frustrating.

I know that we can't switch the CIC from one limited to one limited by guarantee, without actually winding up the existing structure and restarting, with all the costs, legal and logistical hassles that this would involve.

However, I would like to know if anyone has…

Continue

Added by Mark Hadley on October 29, 2018 at 13:03 — 2 Comments

Space Available

We have been allocated a shopping centre in Burgess Hill, shopping centre due to redeveloped. Any purpose considered office and shops and available.

Added by James Hilton Hughes on August 29, 2018 at 14:05 — No Comments

overdraft

I applied for an overdraft. Bank asked me for 'memorandum confirming ability to borrow'. Where I can find some information about what this memorandum should include?

Added by Marek Janiel on August 22, 2018 at 13:43 — 1 Comment

Rent Free Space for CICs

Hi,

At Community Spaces we work with the Owners of Commercial Property and try to convince them that rather than them keeping their un-used property empty they should un-lock the potential and allow us to find occupiers that can benefit the communities in which it is situated.

We have now got to the point where we have a portfolio of in excess of 2000 properties, predominantly shops where the landlords are prepared to accept occupation proposals from Charities, CICs and…

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Added by James Hilton Hughes on July 17, 2018 at 12:38 — 19 Comments

Asset Transfer

We're currently moving from a CIC Ltd by shares to a CIC Ltd by gaurantee.  We've opened up the new CIC and now I'm trying to work out how we transfer the assets.

I've found the correct form but need to know how much detail I should include. We're a second hand shop with two full large shops and two warehouses.

The stock turns over so quickly that we'd never have an exact list of everything we owned.

Has anyone ever done it? Any advise would be…

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Added by Gemma Cassin on April 30, 2018 at 16:48 — No Comments

Women's Radio Station Website and Teaser Launch

Women’s Radio Station is all about diversity - from opinions, career, ethnicity, education but more importantly entertainment we aim to show the individuality of every woman, everywhere. Providing opportunities and a platform for your voice,  irrespective of creed, colour, race, religion or disability.

Women’s Radio Station is a fresh new broadcasting platform driven by love and passion, connecting women…

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Added by Women's radio station cic ltd. on January 31, 2018 at 12:11 — No Comments

Show by show investment strategy

hi - I have a question regarding raising private investment on a show by show basis.

We are now at a critical point of fundraising for our upcoming show in 2018. The idea being as we are now newly formed as a CIC we can mix NPO funding with private investment.  We are hoping to raise circa £10,000 in donations. £15,000 in Arts Council money and £30,000 private investment. We want to use the 35% profit split to pay returns to investors and bonuses to…

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Added by Alexander Neal on January 23, 2018 at 6:43 — 7 Comments

CIC Regulator: freedom of Information request

I recently asked the CIC regulator a few questions about their powers and enforcement of those powers under a FOI request. I'm not sure how to upload their response (can I post it anywhere?). Most notably, over past 5 years, 310 CICs investigated. 0 CIC's had enforcement action against them.

Added by Geoff Holt on January 18, 2018 at 9:12 — No Comments

Articles of Association help is need, please

Hi, 

“Youth Ocean Action CIC” is being formed as a platform to educate young people on an International basis about the dangers of Plastic Pollution as they are generally more enthusiastic about environmental issues once they are fired up.

We are planning an International Conference in Eastbourne in May 2019 to teach them how to reduce the amount of plastic reaching our Oceans, as well as how to reduce what is already there. This will be 3 day Conference where we will…

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Added by Andrew Stuart on January 17, 2018 at 18:44 — 1 Comment

CIC and reinvesting money.

As the CIC can I charge people for services and reinvest money for social purpose? e.g. Charge people which are in employment and reinvest money to cover charges of services for unemployed people or to charge people to cover expenses of prints, handouts for training sessions.

Added by Marek Janiel on January 2, 2018 at 19:28 — 1 Comment

Overseas activities (healthcare in developing countries)

Good morning,

can you please let me know if a CIC could be focused in overseas healthcare projected, especially in developing countries ?

Thanks and regards,
Dario

Added by Dario Scaramuzzi on October 6, 2017 at 11:23 — No Comments

Overseas activities (healthcare in developing countries)

Good morning,

can you please let me know if a CIC could be focused in overseas healthcare projected, especially in developing countries ?

Thanks and regards,
Dario

Added by Dario Scaramuzzi on October 6, 2017 at 11:23 — No Comments

invoicing and self employed

Good morning,

My friend and I have set up Lovemindfulness cic to teach mindfulness in schools.

We have established with the local authority that we are exempt from ir35 because we are interchangeable. They are invoicing lovemindfulness for our services.

So far so good.

Now, as self employed mindfulness teachers, we invoice lovemindfulness.

We think that, because we also do work outside lovemindfulness, we are compliant with employment legislation.

Is…

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Added by carolyn drake on July 27, 2017 at 10:15 — No Comments

Can I be a director and a deliverer?

Hi,

I'm not sure if this question has been answered already. But I could do with a little assistance in this area. 

I'm currently setting up a CIC and would like to be a member of the board. In saying this I intend for my company to carry out some of the work when we apply for grants.  Would it be best to change my company into a CIC or create a new CIC and receive funding to enable my company to carry out work. Sorry if this sounds confusing... this is all very new to me! 

Added by Miss Cordeillia Cooper on May 2, 2017 at 22:34 — No Comments

Taking Proper Care Of Your Lawn

The bird of paradise is an exotic perennial that is hardy to plant in USDA growing zones 9 through 11 where there's a low risk of frost or cold damage. Bird of paradise plants tend to be heavy feeders and require frequent fertilizer and water applications through the growing season to keep healthy.

You possess a lot of questions. It is an as well as. You don't have with regard to you work on. You have a relatives and a job and you're tired via the end throughout the…

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Added by Clarence Wung on April 27, 2017 at 16:20 — No Comments

Dormant CIC Accounts for Companies Hose

Anyone please signpost me towards a template as I understand as a CIC I cannot use Webfiling fiftyoneast@gmail.com

Added by Malcolm Smith on April 18, 2017 at 20:45 — 1 Comment

FiftyON EAST CIC

We are a CIC committed to helping unemployed Older Workers back into sustainable employment. We work within East Anglia and North London - we just need the opportunity through funding.

Added by Malcolm Smith on April 18, 2017 at 20:28 — No Comments

CIC Vs Charity Vs Other for Local Choir

Hi,

I'm currently setting up a local choir for asylum seekers. The choir will work alongside an existing charity that provides asylum seekers with other services.

We will be looking to apply for grants to fund the choir. Our main cost will be to pay for the choir leader: we expect both our income and costs to be small.

We are currently researching what the best structure for an organisation of this type is: CIC Vs Charity Vs Other.

Our considerations at the moment…

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Added by Jonny Crabb on December 21, 2016 at 13:40 — 5 Comments

Online sexual health CIC, SH:24 wins 2 Lovie awards

SH:24 has won 2 Lovie awards - awards celebrating the best of Europe's internet. This includes the silver award for Health and Fitness website and the People's Choice website - voted by members of the public.

We are rapidly scaling across the UK, having launched in Lambeth and Southwark in March last year, we are now available in Herefordshire, Telford & Wrekin, Essex and Shropshire. We will go live in Medway next week.

I would like to thank the CIC…

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Added by Leanne Ford on September 28, 2016 at 9:05 — 2 Comments

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