Web6. Community Interest Company. A community interest company is a not-for-profit organisation that is not a charity. This means that it can serve the community, without having to adhere to all the regulations set out in the Charity Act. This type of UK company structure is most often used by social enterprises. WebMay 30, 2024 · Compared to setting up as a charity, a CIC offers several further advantages: 7 Quicker to set up A community interest company is quicker to form than a charity, with a single consolidated application to form the company made to Companies …
CIC model constitutions: introduction - GOV.UK
WebFeb 6, 2024 · Feb 2024 - Present4 years 3 months. Oxford, United Kingdom. As part of my Charity Ninja consultancy business, providing professional support and advice in respect of all charitable activities. Key focus is the creation, development & implementation of a new strategic direction for OUitC “Oxfordshire - A Community United”, increasing social ... WebOct 31, 2024 · A large share of them are charities, but other types of nonprofits include business leagues, professional associations, cooperatives, labor organizations, and … genesis credit union interest rates
Community interest companies: benefits of a CIC - GOV.UK
WebFeb 4, 2024 · As well as filing accounts a CIC must complete and submit a community interest company report. This report is placed on the public register, available to download. For more information, get in touch. WebIn a company limited by guarantee, there are no shares - hence there are no shareholders. Instead, the company will have 'members'. The members of a company limited by guarantee are bound by a guarantee in the company's articles of association, which requires them to pay the company's debts up to a fixed sum - usually £1. WebA community interest company (CIC, sometimes colloquially pronounced "kick" but also pronounced by its three letter abbreviation) is a type of company introduced by the United Kingdom government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004, designed for social enterprises where there is a wish to use their … genesis credit union in waterford michigan