{"id":919803,"date":"2020-08-17T06:28:39","date_gmt":"2020-08-17T06:28:39","guid":{"rendered":"http:\/\/www.miningtheseem.org.uk\/?p=919803"},"modified":"2020-08-17T06:42:04","modified_gmt":"2020-08-17T06:42:04","slug":"the-cic-our-most-popular-call-for-support","status":"publish","type":"post","link":"http:\/\/www.miningtheseem.org.uk\/?p=919803","title":{"rendered":"The CIC – our most popular call for support!"},"content":{"rendered":"

By far the most numerous query we get, both for sources of information, or for direct advice and guidance, is around the governance, formation and change relating to Community Interest Companies.<\/strong><\/p>\n

Below are links to the latest forms, examples and formal guidance notes on Gov.uk – if we can help with your changes, formally or informally, do\u00a0 just ask – our services are free.\u00a0\u00a0<\/strong> (Sourced: August 2020)<\/em><\/p>\n

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Board meeting image: You X Ventures, Creative Commons, Unsplash<\/figcaption><\/figure>\n

Forming a CIC<\/strong><\/p>\n

Key link<\/strong> https:\/\/www.gov.uk\/government\/publications\/form-cic36-application-to-form-a-community-interest-company<\/a><\/p>\n

Formal Note<\/strong> ‘When applying to form a community interest company (CIC), this form should be submitted to the CIC Regulator alongside the appropriate Companies House forms, memorandum of association, articles of association and payment’.<\/em><\/p>\n

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Transfer of Assets<\/strong><\/p>\n

Key link<\/strong> https:\/\/www.gov.uk\/government\/publications\/cic53-application-to-transfer-assets<\/a><\/p>\n

Formal Note<\/strong> ‘When applying to transfer assets of a community interest company (CIC), consent should be submitted to the CIC Regulator signed by a director of the company, detailing assets, value and actual consideration received’.<\/em><\/p>\n

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The CIC Report<\/strong><\/p>\n

Key link<\/strong> https:\/\/www.gov.uk\/government\/publications\/form-cic34-community-interest-company-report<\/a><\/p>\n

Formal Note<\/strong> ‘There are 2 types of community interest company (CIC) report: detailed and simplified. The majority of CICs complete the simplified report.<\/em><\/p>\n

The detailed report is reserved for CICs that have more complex financial arrangements. If you complete this type of report, you might need to get professional advice in relation to the financial information sections.<\/em><\/p>\n

CIC reports are placed on the public register and made available for the public, which provides an opportunity to showcase your CIC\u2019s activities and the benefits provided for the community over the last year. Your report does not have to be especially detailed, but you should identify highlights’.<\/em><\/p>\n

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Converting a Company to a CIC<\/strong><\/p>\n

Key link<\/strong> https:\/\/www.gov.uk\/government\/publications\/form-cic37-application-to-convert-a-company-to-a-cic<\/a><\/p>\n

Formal Note<\/strong> ‘When applying to convert a company to a community interest company (CIC), this form should be submitted to the CIC Regulator alongside the appropriate Companies House forms, memorandum of association, articles of association and payment’.<\/em><\/p>\n

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Change of Objects<\/strong><\/p>\n

Key link<\/strong> https:\/\/www.gov.uk\/government\/publications\/form-cic14-altering-the-objects-of-a-community-interest-company<\/a><\/p>\n

Formal Note<\/strong>\u00a0 – The community interest statement<\/strong>
\n‘…a statement of the steps that have been taken to bring the proposed alteration to the notice of people affected by the company\u2019s activities (signed by each of the company\u2019s directors).<\/em><\/p>\n

When applying to alter the objects of a community interest company (CIC), this form should be submitted to the CIC Regulator alongside:<\/em><\/p>\n

Companies House form CC04 – to notify the change of the company\u2019s objects<\/em>
\na signed copy of the special resolution to alter the objects of the company<\/em>
\na copy of the articles of association, as altered’.<\/em><\/p>\n

See also<\/strong> https:\/\/www.gov.uk\/government\/publications\/notify-the-change-of-companys-objects-cc04<\/a><\/p>\n

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Other Useful Links:<\/strong><\/p>\n

Office of the Regulator of Community Interest Companies<\/a><\/p>\n

The Community Interest Company Blog from Gov.uk<\/a><\/p>\n

Dissolving a Community Interest Company<\/a> from Voluntary Action: South Lanarkshire<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By far the most numerous query we get, both for sources of information, or for direct advice and guidance, is around the governance, formation and change relating to Community Interest Companies. Below are links to the latest forms, examples and formal guidance notes on Gov.uk – if we can help with your changes, formally or … Continue reading The CIC – our most popular call for support!<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[387,23,305,288],"tags":[26,307,59,388,289],"class_list":["post-919803","post","type-post","status-publish","format-standard","hentry","category-community-interest-company","category-enterprise-start-ups","category-governance","category-socenteastmids","tag-business-model","tag-cic","tag-community-economics","tag-governance","tag-socenteastmids"],"_links":{"self":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/919803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=919803"}],"version-history":[{"count":0,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/919803\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=919803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=919803"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.miningtheseem.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=919803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}