Latest Activity

Liz Rees posted a status
Looking for CIC companies who would like to use our volunteer services.

Information for CIC’s wanting reduced cost accountancy services
As you will be aware CIC’s are required to submit accounts to Companies House on an annual basis as well as submitting accounts and a CT 600 tax return to the inland revenue.
It is planned to pair volunteers we have recruited with various CIC’s who want to use their services. Once a volunteer is selected the CIC will then be given their details and will have…
Jan 19
Liz Rees updated their profile photo
Jan 19
George James Bailey posted a status
We have existed thus far using a legacy, but want to establish long-term funding. This is in hand but for various reasons is delayed. Therefore we should set up temporay and / or lower-value resources. Simple donations would help (maybe Paypal?), but a separate bank account would be more secure.
Any thoughts about a bank which would offer benefits to a CIC?
Much appreciated, thanks.
Nov 26, 2022
Farrow posted a status
Looking for help with our website development - we have one that needs attention and we are a CIC called Creative Arts Therapy Devon CIC. WE'd like to establish if we need to start over, or whether managing our existing website can be brought in-house, or for a low cost hosted by a new IT person. Thanks for sharing information.
Nov 7, 2022
Leah Robson, Ryan Jarvis, Caroline Roach and 1 more joined cicassoc3
Oct 27, 2022
George James Bailey posted a status
We are a small ltd company and CIC. Some years ago we purchased an asset, and spent most our cash refurbishing it. Our aim is to lease it out to provide funds to pursue our Objective, which will mean purchasing specific services and collating the results for local / regional authorities. Unfortunately, we are running out of funds.
An SITR scheme has been proposed but I believe we would not qualify as we are not 'trading'. Anyone have any thoughts?
Oct 22, 2022
  • John Mulkerrin Hi George
    Have you read this: SITR Note on Leasing-Licensing (2).pdf (getsitr.org.uk)
    If you'd like to have a quick call please email your contact details direct to john@cicassociation.org.uk
    Best regards
    Oct 27, 2022
Ms Ophelia Cole, Paul Cannon, Claire Wright and 3 more joined cicassoc3
Jul 7, 2022
Emma Whitenstall posted a status
Hello all - can anyone advise if a non-exec (and unpaid) board member can apply for an employed post within their CIC?
Jul 4, 2022
  • Charlie Cattell There is nothing generally to prevent a CIC board member, whether paid or unpaid, from applying for a job within the company. I can only think of two situations where this could be an issue.
    1) If for some reason the CIC's Articles of Association should prohibit this, which is highly unlikely.
    2) If the CIC has received a grant with a funding agreement attached that stipulates rules about board members being on the payroll.
    Jul 5, 2022

The Community Interest Company legislation is an evolution that will change the way people do business in the UK