14.12.2010 julian mellor
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Transcript of 14.12.2010 julian mellor
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Community Interest Companies
&Community Foundations
Julian Mellor2MD Regeneration Ltd
www.2md.co.uk
• Regeneration services
• Tamar Valley AONB
• 10Radio CIC
• TamarValley.org.uk 10radio.org
Experience
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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 bene!t
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Setting up a CIC• CICRegulator.gov.uk
• Process
• CompaniesHouse.co.uk
• Time
• Cost
• Other
Bene!ts to AONBs• Easy & light touch
• Recognised
• Access to funds
• Trading
• VAT
• Directors pay
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Disadvantages
• Di"erent
• 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
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Community Foundations
What is a Community Foundation?
• Independent charity
• 60 in UK
• County based
• Fund managers
• £70m/yr
• CommunityFoundations.org.uk
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Working with your CF• Objects
• ‘Named Fund’
• Flow-through
• Endowment
• 100% match
• Management
• Bring the fund
Bene!ts to AONBs
• New money
• Local link
• Administration
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Surrey Hills AONB• Surrey CF
• Pool of donors
• Development
• Endowment
• Support community projects
• Integrity
Remember
form
follows
function
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3 Actions
• Advice
• People
• Get on with it
2md.co.uk