CIC Association

Nov 21

Change to Asset Lock in Articles

Hi all, new here and hoping you can advise! I've recently started working at a CIC and we are looking at changing the asset lock. HMRC site useful for this and gives guidance on forms that needs completing but then states that the articles document need updating - who actually does that? Do you need a lawyer to do that for you? See More

Nov 19

0 Comments

Liz Llewellyn- Rees posted a blog post

A few Questions to help with our CIC34

HiI hope you don’t mind us reaching out to you.As a CIC ourselves we, like you, are required to complete a CIC34, we were wondering if you could spare a few moments to answer a couple of questions which will help us fulfil our obligations.We would value your opinion as we are planning for the future and have a couple of questions about options and services. Have you had any difficulties in finding an accountant with specialist knowledge of the regulations surrounding social enterprises and…See More

Nov 18

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Jules Sebelin updated their profile

Nov 16

Jules Sebelin posted a discussion

Person with significant control

Hi All, we have had a few CICs (limited by guarantee) reporting to Companies House that certain directors are persons with significant control, although they don't make this explicit in their governing documents. It is causing all kinds of problems for joint directors and funding bodies. I think they are misenterpreting what person of significant control means. Happening anywhere else? ThanksSee More

Nov 16

0 Comments

Claire Hunt posted a discussion

Transfer of Assets

We are thinking of voluntarily closing down our CIC, we have a named organisation in the articles that we want to transfer our assets to, so how do we transfer the assets before the dissolution? We have some cash in the bank and we own a few things. I understand that we need to have ceased trading and activity 3 months prior.Many thanksClaireSee More

Nov 9

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John Mulkerrin replied to Jean-Louis Button's discussion New to the game, can you help?

"Hi Please feel free to send me your telephone details direct to john@cicassociation.org.uk, I will be happy to explain the basics. Best of luck John"

Nov 7

Jean-Louis Button posted a discussion

New to the game, can you help?

Hello!I would really like to set up a CIC in between my studies at University, and I am hoping to find some guidance from this community!The CIC would be centered around a local lottery scheme, which will support local causes via 50-60% of the revenue, with the remaining going towards the prize fund for the winner. There is a start-up cost for the lottery scheme (£6k) via Gatherwell, but after the initial investment, the whole system will run by itself. So if anyone could help to shed some…See More

Nov 1

1 Comment

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Change to Asset Lock in Articles

A few Questions to help with our CIC34

Person with significant control

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