A CIC (Community Interest Company) is a limited liability company but with a specific aim of providing benefit to a community.
As a CIC we are considered a ‘not-for-profit’ company also called a social enterprise. CICs have additional features that don’t apply to other limited companies, for example:
– We are subject to an asset lock (this means assets have to be kept in the company to support our activities or otherwise used to benefit our community)
– Stakeholder involvement is integrated into our make-up
– We are overseen by the Office of the Regulator of Community Interest Companies (known as the CIC Regulator)
As a CIC we are able to operate within a traditional business framework enabling us to be flexible and adapt Charlie’s for the benefit of our community. Our plan is to set up and maintain a sustainable income stream which will fund Charlie’s into the future.
"I have worked with Jo and the team since those early days when only a few special people had faith in Jo to create a cancer support system from a standing start. Now look what she and others have achieved together!" - John Clarke (Charlie's Trustee)