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Louise poor
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Are gifts taxed as income?

Sorry, me again. If a CIC is given musical instruments for the children to practice on is this considered income and taxed at 20% ? I noticed in Sage that Gifts fall in the nominal range for…Continue

Started Nov 1, 2016

Setting up a CIC on Sage 50 accounts

I am trying to produce annual accounts for a friends` Community Interest Company. Don`t panic guys, I do have some qualifications although little actual experience. so question one, do I set up the…Continue

Started Nov 1, 2016

Should I use my own capital to set up a website?
1 Reply

Hello fellow CIC people. I have been helping to run a CIC based in North Cornwall for a few years and have now been bitten by the bug myself. While waiting for my incorporation to be completed I have…Continue

Started this discussion. Last reply by John Mulkerrin Oct 14, 2016.

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Louise poor updated their profile
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Louise poor joined Bob Northey's group
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Cornwall CIC Network

The popularity of the CIC way of doing social enterprise remains vibrant throughout Cornwall. Join this group to register your interest in local CIC events and networking
Oct 21, 2018
3 Comments
Louise poor replied to Louise poor's discussion expenses, what goes where? in the group Accounts Group
"Hi Andy, I think you are probably right. It just shows though when you do accounts for a CIC what a strange sort of hybrid animal it is, a strange cross between a charity and money making venture. In accounting terms a bit of a monster! I will keep…"
Feb 21, 2018
Andrew Fleet replied to Louise poor's discussion expenses, what goes where? in the group Accounts Group
"Hi Louise, Based on what the CIC does, I am thinking direct costs/cost of sales.  However, make sure there are no capital expenses in there which would need to go to the balance sheet and be depreciated. Hope that helps? Andy"
Feb 21, 2018
Louise poor added a discussion to the group Accounts Group
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expenses, what goes where?

Hi, I run an arts and crafts CIC in Cornwall and also help a couple of theatre based CIC`s with their accounts on a voluntary basis. I am AAT Level 4 and a qualified bookkeeper.I have drawn up accounts, profit and loss and balance sheets for myself and for a theatre company that works with disabled children.I have gone on the HMRC gateway to file my returns but cannot figure out where to put things like workshops, costumes, venue hire,sound and lighting etc..I have found general administrative…See More
Feb 19, 2018
2 Comments

Profile Information

What is your postcode?
tr153ba
Name of organisation (if any) you are associated with?
The Cornwall Arts and Crafts CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.cornwallartsandcrafts.co.uk/
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

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