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, 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...
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...
This question is from a member of our community that wishes to remain anonymous: We are in the process of closing our CIC and would like to take some legal advice. Does anyone have any recommendatio...
We are a small new CIC and need to open a bank account in order to raise funds. However, we have been rejected by Starling - without a clear reason, and, reading between the lines, we seem too small...
I am looking for some support to register my charity as CIC, if someone can guide me step by step. I am bit nervous as English is my second language.
I am really keen on finding a mentor. I am very new to the workings of a company. I have a very small outlay and we are aiming to do small-scale events in the autumn. I would ideally love someone wh...
Dear All My name is Doreen, I registered my CIC in 2021 and it's still going. Running a CIC or a Not-for Profit organisation is new to me, so I need some guidance. I thought of writing here to see...
I run a CIC on a voluntary basis (I'm also the founder) but as we are growing I am struggling as I work full-time as well, so I essentially have two full time jobs and realistically I can't continue...
Hi all - looking for a bit of guidance. A CIC with a founder who currently does everything and receives no remuneration. CIC has been established for a few years and has grown exponentially. The foun...
Hi guys I would kindly like some advice on CIC companies, as we are under going an audit with the local council and its been 7 months. Could someone please help me how long the time frame should be?...
Hello, I need to submit my annual return to Companies House for my dormant CIC company. Any recommendations for accountants out there that can assist with this? Something that doesn't break the bank!...
Hi all I am writing to ask if there is any free services out there to convert a CIC to a charity? Any help or guidance will be appreciated Thank you
Hi! I'm currently in the process in switching from a sole trader to a CIC and hoping to recruit a volunteer director to allow me to achieve this. Is anyone able to provide any advice, guidance or dir...
Hi my wife and I formed a company just before the pandemic - great timing. It was a spin off to cover areas the charities we've worked with for years where missing out. We've got a huge amount of...
Hello, I am looking for legal advice for transferring ownership of my CIC's mobile app to an LTD. The reason for this is so that we can obtain the investment needed to keep the app going, and contin...
Hi all, I'd be interested to hear of any recommended board member training - specifically for CIC board members if possible. Free would be a bonus! Thanks in advance. Monica
I have been the director of a CIC for the past year and am now thinking of handing over the organisation to someone with more time and expertise. The main issue we have is we have not secured fundin...
Hi, having recently registered as a CIC, we wrongly assumed getting a bank account would be a straightforward next step. However, it is proving rather challenging! 'Any advice on which banks support...
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