1. Community Interest
Companies
&
Community Foundations
Julian Mellor
2MD Regeneration Ltd
www.2md.co.uk
Experience
• Regeneration services
• Tamar Valley AONB
• 10Radio CIC
• TamarValley.org.uk
10radio.org
2. What is a CIC?
• Community
Interest Company
• Started 2006
• 4,400 in UK
• Regulated
Key features of a CIC
• Incorporated
• Limited liability
• Membership
• Shares
• Asset lock
• Community benefit
3. Setting up a CIC
• CICRegulator.gov.uk
• Process
• CompaniesHouse.co.uk
• Time
• Cost
• Other
Benefits to AONBs
• Easy & light touch
• Recognised
• Access to funds
• Trading
• VAT
• Directors pay
4. Disadvantages
• Different
• Corporation Tax
• Not a charity
• Report to regulator
• Controlled companies
Bittern Countryside CIC
• Arnside and Silverdale
AONB
• Land purchase
• Shares
• Independent Directors
• Deliver AONB
objectives
5. Community
Foundations
What is a Community
Foundation?
• Independent charity
• 60 in UK
• County based
• Fund managers
• £70m/yr
• CommunityFoundations.org.uk
6. Working with your CF
• Objects
• ‘Named Fund’
• Flow-through
• Endowment
• 100% match
• Management
• Bring the fund
Benefits to AONBs
• New money
• Local link
• Administration
7. Surrey Hills AONB
• Surrey CF
• Pool of donors
• Development
• Endowment
• Support community
projects
• Integrity
Remember
form
follows
function
