All Blog Posts (239)

Hi all,

I am a very small CIC, running free community projects mainly with free volunteer support (£120 in the bank for the last few years!). I am not registered as a charity. I had a clubs and societies bank account with HSBC, which was free - up until this month, they now charge £5.50 a month. I can transfer to a normal free account with them, but this would be in my personal name and not in the name of the CIC, which I do not wish to pursue.

I therefore need to…

Hi

I 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.

1. Have you had any difficulties in finding an accountant with specialist knowledge of the…

I am currently researching governance in CICs for my Master's dissertation with a focus on the ways board operate and support needed to be effective. I am looking for additional participants to be interviewed, interviews take place over zoom and last 45-60 minutes. If you are interested or would like some more information please get in touch rl5439@ou.ac.uk

VETERANS HIKE CIC

"WE FOUGFHT TOGETHER, WE HIKE TOGETHER"

Veterans Hike CIC was formed in December 2020 after growing our team from one person being myself to now ten team leaders and covering various counties around the United Kingdom.  Since the pandemic has sent us…

Here is what we found out. We hope you find this helpful.

This is a question frequently asked by clients who receive grants of over £85,000 (currently the VAT registration threshold) and wonder if they must register for VAT.…

Hi

Can anyone help re finding funding to run a level 3 eduction programme linked to sport

we are a CIC working with young school leavers who just do not fit well into normal FE college education

we have managed to get some funds to run for a year but need funds for year 2 plus if poss funds for current education year

We know these boys will just drop out of colleges but we can offer more time and link in football as sport so we can help them get through 2 yrs of…

Does anyone have any knowledge regarding a reserves policy?

I appreciate 'reserves' is a charitable term and CIC's would use the term 'surplus' but we are a CIC Limited by Guarantee (not shares).  We classify ourselves as 'not for profit', any 'surplus' being used to deliver more activity for our disabled participants.  No Director takes payment.

We are wondering what would be considered appropriate reserves (surplus) bearing in mind charities might expect 3 - 6…

Does anyone have any knowledge regarding a reserves policy?

I appreciate 'reserves' is a charitable term and CIC's would use the term 'surplus' but we are a CIC Limited by Guarantee (not shares).  We classify ourselves as 'not for profit', any 'surplus' being used to deliver more activity for our disabled participants.  No Director takes payment.

We are wondering what would be considered appropriate reserves (surplus) bearing in mind charities might expect 3 - 6…

Hi, 

Has any member applied for a CBIL? What was their experience? Were they successful? Is there any bank or finance company that is more favourable towards CICs? As most of our business, which is wholly retail, takes place over the summer, it has become apparent that we might have "write off" this summer trade and will be struggling to survive until the summer of 2021, Any advice would be appreciated. Thank you.

Hi All

I am currently working with a CLG who want top convert to a CIC

I understand the need for special resolutions to; Become a CIC, Change the name  and amend the Articles top reflect that fact that they have become a CIC.

However the checklist at the end of the CIC37 form states they also need: "Special resolution make such alterations of the company’s articles as the company considers necessary to comply with requirements imposed by section 32 of the…

https://www.bbc.co.uk/news/av/uk-england-london-48456765/bullied-for-being-deaf-now-i-do-mma?fbclid=IwAR1Zdb9CAGko026RBy2m71wuPVdFrZz9wJVmrAtRLQSldMCCtoq-5eMNLAw

https://www.bbc.co.uk/news/av/uk-england-london-48456765/bullied-for-being-deaf-now-i-do-mma?fbclid=IwAR1Zdb9CAGko026RBy2m71wuPVdFrZz9wJVmrAtRLQSldMCCtoq-5eMNLAw

The Drop The Knife Community Interest Company and Charity has been set up to deliver an end to end educational package to Primary, Secondary Schools, Youth, Sports, and Community based Organisations across England & Wales. 

We are looking for volunteers to help us raise the £1.5m required to make certain all objectives are delivered over the next three years. We are also looking for volunteers to help rub fundraising and Sponsored events. If interested please contact us at…

Hello to everyone on here helping each other...i am in the process of setting up a C.I.C that will act as a community space and cafe, to support the community by hosting a youth club with directed activities such as art, music and sport as well as other training and education programs. The main aim is to create a hub of well-being and positive social action. My own venture TEAMS (see Facebook page) is a training program for health and well-being in young people using art and sport to promote…

Hi everyone,

I've just setup a CIC, and am looking to go into partnership with someone who has previous CIC experience. Does anyone know of any recruitment forums/agencies that specialise in CIC's, or have any suggestions as to how to search for candidates? Thanks

I set up Swarm Apprenticeships five years ago because I recognised that too many bright youngsters fall through the education system. Now five years later we've just converted to CIC to reinforce our commitment to supporting youngsters who 'don't fit' into employment and training.

We now deliver apprenticeship training to commercial businesses across the UK, with every learner helped to see the difference they make to their employer's bottom line. Apprenticeship training is…

I am the NED for a small CIC which is Limited by Shares, when it was created a few years ago, but we are finding that this excludes us from a number of Grant Awarding Opportunities which is very frustrating.

I know that we can't switch the CIC from one limited to one limited by guarantee, without actually winding up the existing structure and restarting, with all the costs, legal and logistical hassles that this would involve.

However, I would like to know if anyone has…

I am the NED for a small CIC which is Limited by Shares, when it was created a few years ago, but we are finding that this excludes us from a number of Grant Awarding Opportunities which is very frustrating.

I know that we can't switch the CIC from one limited to one limited by guarantee, without actually winding up the existing structure and restarting, with all the costs, legal and logistical hassles that this would involve.

However, I would like to know if anyone has…