Great to hear your update and congrats on becoming a CIC!
It would be great to have a chat about this as there might be some convergence with a Charity im working with, let me know how you're fixed
"Yes to both.
You need to ensure you continue filing annual accounts as per normal. You may want to write to HMRC to inform them but you dont have to, as with the CIC Regulator.
When you do file your annual accounts and CIC34 you can let the CIC…"
Many CICs have Directors who are councillors/local authority staff so generically nothing to worry about.
Obviously the councillor will be taking on an official role to develop the objectives of the CIC and if there is a potential…"
yes, you need to make sure the transaction is recorded as it would be for purchasing from another individual. It must not be for more than market value.
Perhaps bundle/value all the books together and then just charge the CIC for the…"
Thank you, John Mulkerrin, for accepting me into the association, and for the initial advice. Apologies for the late response, just finding it too easy to get taken off track at the minute.
What I am hoping to gain from membership is to be steered in the right direction. The CIC I am looking to form is going to be loosely based on the Men's Shed phenomenon, that is currently sweeping the country. It will have a specific task to work with former serving members of HM Armed Forces.
We want to be able to offer a workshop facility to aid the transition from service, back into civilian life. We will be offering training in woodcraft and metalcraft, and hopefully, be in a position to assist in job search, and indeed, employ some of the volunteers ourselves.
Many ex service personnel find this transition difficult due to the lack of structure that they had during their service. As a result, a lot of these people are feeling abandoned, and this can lead to them finding themselves in further difficulties, such as homelessness. Our aim is to give these people something to aim for, whilst maintaining some form of the structure that they know well, from time in service.
Any advice on this would be most welcome. Many thanks in advance to all.
Hello John, Thank you for your email confirming membership of this group. Also offering to call me to discuss my queries in regards to setting up CIC. Please feel free to call me anytime - that would be great. Kind Regards, Emma Macconnachie