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Community Interest     Companies         &Community Foundations               Julian Mellor            2MD Regeneration Lt...
What is a CIC?• Community  Interest Company• Started 2006• 4,400 in UK• Regulated Key features of a CIC• Incorporated• Lim...
Setting up a CIC• CICRegulator.gov.uk• Process• CompaniesHouse.co.uk• Time• Cost• Other   Benefits to AONBs• Easy & light ...
Disadvantages• Different• Corporation Tax• Not a charity• Report to regulator• Controlled companiesBittern Countryside CIC...
Community         FoundationsWhat is a Community   Foundation?• Independent charity• 60 in UK• County based• Fund managers...
Working with your CF• Objects• ‘Named Fund’• Flow-through• Endowment• 100% match• Management• Bring the fund     Benefits ...
Surrey Hills AONB• Surrey CF• Pool of donors• Development• Endowment• Support community  projects• Integrity              ...
3 Actions• Advice• People• Get on with it        2md.co.uk
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14.12.2010 julian mellor

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14.12.2010 julian mellor

  1. 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. 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. 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. 4. Disadvantages• Different• Corporation Tax• Not a charity• Report to regulator• Controlled companiesBittern Countryside CIC• Arnside and Silverdale AONB• Land purchase• Shares• Independent Directors• Deliver AONB objectives
  5. 5. Community FoundationsWhat is a Community Foundation?• Independent charity• 60 in UK• County based• Fund managers• £70m/yr• CommunityFoundations.org.uk
  6. 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. 7. Surrey Hills AONB• Surrey CF• Pool of donors• Development• Endowment• Support community projects• Integrity Rememberformfollowsfunction
  8. 8. 3 Actions• Advice• People• Get on with it 2md.co.uk

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