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…Continue
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…Continue
I have access to a pool of wealthy investors willing to make loans to CIC's provided they can get tax relief on their loans. Any CIC's looking for in excess of £50k, for a commercial project, I would like to hear from you.
Added by David Griffiths on August 8, 2016 at 23:59 — No Comments
Please could someone advice me on how to provide my company accounts which need to be submitted with teh company report (CIC Form 34). This willbe for the 1st year and I have never done anything like this before so do not know where to start or to include.
BITAC SOLUTIONS C.I.C
About The TRYangle Therapeutic Centre C.I.C:
We are a team of Specialist Therapists who are concerned with the social improvement of people in the community who are experiencing Domestic Abuse.…Continue
Added by Alexandra on June 20, 2016 at 14:58 — No Comments
My company has a convoluted system of retirement (based on annual retirement by thirds) for our Directors.
I cannot see anything in model Articles or the Companies Act 2006 that says this is a duty or preference and I would like to amend our AoA accordingly. Has anyone got experience of Director retirements that might help me please?
Added by Kevin Marsh on June 17, 2016 at 10:19 — No Comments
More help for CIC's.
1 HSBC refuse to give us a business credit card because they insist we are a not-for-profit and MUST have a constitution whereas we are a CIC limited by guarantee with Articles of Association.
2 HMRC state CIC's show profits and must pay Corporation Tax but as a CIC has a "surplus" that is ploughed back into our business not a "profit" for directors.
3 99% of grant making trusts do not recognise CIC as having "charitable" objects whereas the Nat…Continue
Added by Anthony Andre on March 30, 2016 at 12:30 — No Comments
I have come across two instances when HMRC have accepted that the CIC is not trading for tax purposes. It issometimes a bit difficult to contact with HMRC but if you are a not for profit CIC it may be worth the effort
Added by Dick Maule FCA on March 22, 2016 at 10:25 — No Comments
We are looking to register a CIC to offer sport in the community, and have a youth football club(N/P) that would like to be with us and for our directors to manage the club, however the club wants to retain its name is this possible I assume would be a subsidiary of our CIC.
Any views comments please
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?
CICs are subject to the important company law changes coming soon. One of the most important (and the most difficult to deal with) is the obligation to find out 'persons with significant control' and report their details to Companies House.
From 6 April a CIC has a legal obligation to find out who its PSC are and to make a Register of PSCs.
The scope of these new rules is wide and they are very complex (the draft non-statutory guidance runs to 86 pages!).
From 30 June…Continue
It is well documented that the populations of the UK Bumble and Honeybee colonies are already in decline, we believe that unprecedented local flooding events in December 2015 has added to this problem with a potentially devastating impact on pollinators and the wider farming community and wildlife…Continue
Added by Tree Bee on January 29, 2016 at 19:16 — No Comments
I am proud to be part of the CIC Association since 2011 and its groups. I would like to take the opportunity thanking you, in particular, those of you time to time offer us generous help through up and down as our CIC venture has been progressing. I am so grateful to have had this opportunity and would like to send my deepest gratitude to John Mulkerrin, Heidi Fisher, Phillip Howrrell, Geof Cox, Robert Ashton. Wishing you all a very happy and prosperous new year 2016. yours Subrata, Women's…Continue
Merry Christmas to all friends and supporters of CICs and community enterprise.
Proud to have been part of the CIC 10th Anniversary celebrations this year (some reflections follow below) and looking forward to the next decade!
Issues and challenges for CICs in accounting for social impact
Figures never tell the whole story – numbers by themselves are never enough. Telling the people stories well really makes a…Continue
Added by Cecile Gillard on December 23, 2015 at 11:12 — No Comments
Added by Michael Bird on December 10, 2015 at 11:05 — No Comments
Is it absolutely necessary for a CIC that puts on outdoor events and employs people on freelance contracts to have insurance for the company?
Myself and two other directors have a CIC and wish to slightly changes its aims to allow us to carry out additional but very similar activities for the community. Do we need to notify the regulators office to be able to make changes? I can't get a reply or a call back from them when I try. Thanks.
Added by linda mckechnie on October 23, 2015 at 12:17 — No Comments
Falkirk Family Support Community Interest Company’s mission is to offer free independent advice, guidance and support to Falkirk District’s most vulnerable bairns, young people and families including those supporting older relatives at the time when they identify support is needed. Falkirk Family Support has a mixture of volunteer and family support workers offering assistance depending on circumstances and needs.
Falkirk Family Support strongly believes in equality,…Continue
Added by FALKIRK FAMILY SUPPORT CIC on October 16, 2015 at 13:37 — No Comments