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

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

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

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

Community Foundations

What is a Community Foundation?

• Independent charity

• 60 in UK

• County based

• Fund managers

• £70m/yr

• CommunityFoundations.org.uk

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

Surrey Hills AONB• Surrey CF

• Pool of donors

• Development

• Endowment

• Support community projects

• Integrity

Remember

form

follows

function

3 Actions

• Advice

• People

• Get on with it

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