This question is from a member of our community that wishes to remain anonymous: Our CIC received Lottery funding for two years. Currently, all the Directors of the company are volunteers and have n...
Hi all Just some advice please, I have recently set up my own CIC. Which bank account do you suggest? Something that is quick as most want quite a bit of time! I'd like to start applying for grants!...
Hi. A small group of people have come together to offer dog therapy visits. We will be not-for-profit and are finding it very had to open a bank account. Any suggestions for this type of group pl...
Hello everyone, I have co-founded a CIC to support asylum seekers and refugees by teaching them English in community centres as informal classes. I'm curious to find out how other CICs/CIOs partnered...
I have a situation that I'm unclear on. A Founder is the only salaried person in the CIC. It's PAYE as a regular monthly salary payment. In terms of employment, should they have an Employment Contrac...
Hi, I run an app called Outr that helps people discover local events and connect with others who share their interests. The very nature of the business is a community interest company; however, as a...
Hello, I am in the process of starting a CIC, and currently on universal credit limited capability for work-related activity (LCWRA), and the guy who I spoke to was absolutely useless. I'm not lookin...
Hi, I am one of 3 directors of a newly formed small CIC. We do not have share capital. When setting up the company we stated that there were no PSCs as the definitions given didn't seem to apply to o...
I wish to appoint a new director and I'm looking for a contract template -- any clues out there, please?
I have served as a sole director since formation in 2022 but I need additional directors in order to apply for funding.
I have been asked, if the CIC has agreed a policy at a General Meeting, do the Directors have the power not to follow the Policy? I was under the impression they are bound to carry it out and it's no...
This question is from a member of our community that wishes to remain anonymous: Hi all! I am in the process of creating a community interest company but there are things I would like to do in the f...
HI Everyone, I have recently set up my CIC in which I had to sign up with two directors on camp is house. I am the founder of the CIC along with being a director. I brought lady on board I initially...
Hi, I am working with a non-profit Boxing Club that does not have charitable status and is not registered as such. They want to start applying for funding- is a CIO a better way forward that a CIC as...
I'm looking for some advice on a community building. I am writing to you as a volunteer of a Sports Hub. Our Sports Hub is a volunteer-run non-profit unincorporated association along with the Saxilby...
Hello, I've been independently fundraising for those in need in West African countries, as well as the UK. Recently, I decided to formalise my efforts by registering my company with Companies House....
We are creating a new CIC and several stakeholders (some of whom are themselves corporate or public sector bodies) will be invited to nominate Directors 'on behalf of their organisation'. These are b...
How can one navigate the Asset Lock principle - should one need to pay a salary? Any comments?? https://www.gov.uk/government/publications/community-interest-companies-how-to-form-a-cic/community-in...
Hello, Our CIC offered several workshops (life coaching) online etc. which were well attended with some donations received. The donations just about covered costs, etc. How does one account for that...
Hi All, We are in the process of transitioning from a CIC to a CIO, do we formally have to stop operating as a CIC before we can submit our CIO registration form to the CC? If so, does anyone know th...
This question is from a member of our community that wishes to remain anonymous: Can I get some legal advice please? I run a very small CIC and have formed a board of 7 trustees in advance of applyi...
Hello any one have a business plan template for a CIC? Much appreciated, Charlotte
This question is from a member of our community that wishes to remain anonymous: I am looking at recruiting an advisory group/panel (terms vary) for a small CIC, with a turnover of under £10k. Along...
Hi My name is Maddison, I have set up a voluntary wellbeing/life coaching service and it was suggested to me set it up as a CIC in order to get out to more people and make my service official. But I'...
This question is from a member of our community that wishes to remain anonymous: Hi all, I work at a CIC sport club the owner/operator has got a start up loan in her name for equipment and has drawn...
We have recently set up a CIC and in order to apply for funding we need liability insurance amongst other things in place. We have set up a Go Fund Me page to raise money for this. Is there any advi...
This question is from a member of our community that wishes to remain anonymous: I’m struggling with my co-founders and need some words of wisdom. We set up a CIC very recently, and basically, perso...
Hello, my first post here! I've been struggling to get the CIC I founded 2 years ago funding and support and have found some quality people to be potential directors as part of an advisory board. I...
This question is from a member of our community that wishes to remain anonymous: We are CIC with aims to support and work with communities & for communities. Can we incorporate the word 'foundation...
This question is from a member of our community that wishes to remain anonymous: Hi everyone, I need advice. I run an inspiring CIC involving young people in outdoor activities. We doing amazing wor...
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