We have a CIC which works with children and young people with emotional wellbeing/mental health issues. I set up a CIC initially rather than a charity as wasn't able to work into it if it was a charity and I needed to at that time to develop it. The difficulty we have is that we would like to do some fund raising to be able to offer the children that 'bit extra' which we are not able to use our current funding for - e.g. Christmas party, refreshments, days out/travel…Continue
For most companies becoming tender ready is a challenge but for CIC's it is an extension of existing practices.
Here's a quick list of things to gather together:
Added by Mark Trotter on August 14, 2013 at 15:10 — No Comments
I'm working on an form of the Public Service Code, adapting it for my CIC. Does anyone have any comments?:
This CIC subscribes to a form of the Public Service Code adapted for a CIC. Its Directors and Officers will:
Observe at all times the ethical standards expected of public servants, having regard to the Seven Principles of Public Life
Make themselves accountable to the CIC Regulator and through other means for their policies and performance, with…
Added by Simon Odell on July 25, 2013 at 11:30 — No Comments
Over the last few months I have worked with a couple of CIC's who are now either safely competing on frameworks with local councils or receiving requests for quotes linked to local public sector services.
We have been able to use three key features of legislation to best advantage:
1. Localism Act - a great tool for specifying benefit to the economy and the supplychain.
2. Public Services 2012 - this has been an excellent mechanism for preventing LA's from…Continue
Nottingham News Centre CIC collates and communicates community news and information.
Added by Nottingham News Centre on June 26, 2013 at 10:41 — No Comments
We source and produce news for Mojatu Magazine; offer Journalism training; a community E-publication service and collate and catalogue research about the BME community in Nottingham.
Collate | Inform | Grow
Added by Nottingham News Centre on June 26, 2013 at 10:40 — No Comments
The current funding climate is precarious even for the most innovative ideas and projects, so I ask is it always advisable as CIC to start with a loan when starting out in business? are there investors who supports Black Ethnic Minority in Business?? which are the best loan funders? are there really government funding?
Added by JEWINC CIC .ORG .UK on June 4, 2013 at 13:41 — No Comments
I am part of a small group starting on the process of becoming a CIC. There seems to be a lot of helpful advice from the CIC regulator as well as forms to download and complete. We are satisfied that setting up a CIC limited by guarantee is the route to go down, however, at what stage have others involved legal advice and how much can one expect to pay?
Added by Madeleine Legg on April 10, 2013 at 13:59 — No Comments
Isn't legislation wonderful if you can work out how to use it to your advantage!
Changes to specific regulations and new acts of Parliament have made the social benefit and local proximity of a service provider easier to work with.
The expected impact of this for procurement is that local traders will be able to secure more medium value contracts and well structured, test consortia will be able to bid for higher value.
There is a major concern with the buyers -…Continue
Dear all, I would be interested in hearing your experiences when approaching trust for support and funding. We had recently spoken to a representative from the Sainsbury's Trust and were clearly advised that although they were very impressed with what we do, they would not be able to support us in any way as we were not a charity.
Is it not possible for some CICs, if not all to have a recognised status under the Charities Foundation in order to be able to approach trusts for grants…Continue
OK. 1 day in with this new forum Group and I have 1 new Director, who is also to be a co-signer of cheques and I am also in discussion with 3 other Directors of CIC's about the possibility of reciprical board membership.
I will keep everyone posted on further developments.
Just a quick note to say that, following my recent posts and the positive communication I have received from Directors of other CIC's, I have submitted a new Group for the CIC Forums.
The new Group is a place where CIC's can invite other CIC Directors to become board members, as a reciprical arrangement, to bring in experience, support, or/and, to help to meet with grant funding requirements which specify 2 or 3 Unrelated Directors or Board…Continue
I look forward to being part of this important association.
I think some will…Continue
Added by Paul Gill on January 7, 2013 at 20:20 — No Comments
It is by chance that I found this association and I am glad that I have and become a member. We are a new social enterprise with the aim to develop innovative ways of delivering services and making true differences in our society. We have been waiting for over ten years to do this since readily available technology and legislation hadn't caught up with our aspirations. So I shall work to keep you posted of events and projects which are looking to develop and should you need any assistance…Continue
Added by Sarabjeet S Sidhu on January 5, 2013 at 12:38 — No Comments
CLICK HERE for survey
Should we only have one Cap for everything? A Share Cap of 40%? Should we allow sweat equity for success? Let the Regulator know your thoughts, it matters to all.
If you havent received your token please email me at email@example.com with your full CIC name.
Non CICs can access it directly…Continue
Added by John Mulkerrin on November 23, 2012 at 14:00 — No Comments
Hi all. Just running through the set-up documents. We have decided to set-up a new CIC CLG and are developing the articles. Is it a requirement to nominate an asset locked body at this stage, or can you look at this at a later date? Will the Regulator reject the application at this stage? Many thanks. Paul
Hi John. Thanks again for your advice over the last few days. The conversion application will be put together next week and hopefully we will be successful. I am also looking forward to engaging with other members on the blog. Paul Sherry.
Added by Paul Sherry on November 9, 2012 at 12:32 — No Comments
hi there, would anyone be able to help me with the following matter?
i am hoping to launch a local business directory and sell advertising space within its pages.
how would this venture work with regards VAT?
Must i pay VAT on any in-directory advertising space that is sold?
i find HMRC website a bit of a minefield!
Thought that I would ask here first.
Has anybody heard if any of the utility companies offer any discounts to CIC companies for gas, electric, Internet?
Thanks for your help.
Added by Graham Willsher on October 6, 2012 at 11:38 — No Comments