CIC Association

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Pete Scott
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Pete Scott added a discussion to the group Accounts Group
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Completing CT600

Hi - We are setting up a new CIC. It will be quite small scale employing one person part time. Income will be ~ £6/7K. There will be around 260 transactions per year. We want to keep costs down. In the past (again this was a CIC) Accountancy costs have been around £600 pa. It is practical to complete the CT600 ourselves for HMRC, rather than use an Accountant. Has anyone in the group had experience doing this?See More
Nov 28, 2019
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Pete Scott commented on Heidi Fisher's group Accounts Group
"Hi - We are setting up a new CIC. It will be quite small scale employing one person part time. Income will be ~ £6/7K. There will be around 260 transactions per year. We want to keep costs down. In the past (again this was a CIC) Accountancy…"
Nov 28, 2019
Pete Scott replied to George Pepper's discussion Bank account appropriate for a CIC in the group Setting up a CIC
"I have had a business account with Coop for ten years. I would not recommend them. As for adding / removing people? Just awful. Took ten weeks and they never actually added the other person. There was no card issued, no co-signatory on cheques etc.…"
Nov 16, 2019
Pete Scott joined David E Alexander's group
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Setting up a CIC

Guidance on how to set up a CIC especially where communities need to work together before they actually create the CIC e.g. collect funds commission work from advisors ahead of formation as some market testing or preparatory workSee More
Nov 16, 2019
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Pete Scott commented on Jeremy Kite's group CIC Governance
"Hi - Sadly we have reached the point where we need to shut down our CIC. Such a shame. We trained in Social & Therapeutic Horticulture at Coventry Uni and have been using those skills to work with Older people / end of life since 2011. However…"
Jul 17, 2019

Profile Information

What is your postcode?
EX108BP
Name of organisation (if any) you are associated with?
Growing Together (Community Gardening) CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.growingtogetherdevon.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

Pete Scott's Blog

CIC & Asset Lock

Hi - We have been incorporated as a CIC since 2012. Recently we were asked whether we has an asset lock in place. I had assumed this was just an integral part of our governance. However I now feel we should perhaps have a specific entry in our constitution. It is actually quite a useful question at this time as we are hoping to get a new van & upgrade our IT and so forth. How have other CICs handled this issue?

Posted on March 8, 2016 at 18:27 — 2 Comments

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At 10:32 on December 11, 2015, Tim Cooper said…
Hi Pete - We are Communities Insurance Brokers CIC - we specialise in advising and assisting charity and social enterprise organisations find suitable and cost effective insurance cover. Our clients range from large social housing providers and charities to small CIC start-ups and voluntary groups. We have no minimum premiums and do not charge for our administration. Please let me know if we can can help. Kind regards Tim Cooper 07790 598080
 
 
 

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