We’re not ‘charity cases’, says Social Ark; It’s a hard fact that our young working-class social entrepreneurs feel a way about asking the public for money- even when it is to do something good.
Charities
“Oh, you’re a chaaaaarity? Ah. Ok. We’ll be in touch”
It’s time we got clear on this: A social enterprise is a business that positively impacts people and the planet. IT IS NOT A CHARITY. Seriously, the amount of times I hear charities pretend they’re social enterprises is shocking.
Why would you have a charity and a CIC?
Traditionally, charities used to set up trading subsidiaries (as standard limited companies) where they owned all the shares in the subsidiary. This was in order undertake trading activity that wasn’t part of the charity’s objects/core activities
Why don’t CICs get the tax breaks and discounts that charities do?
Charities receive a lot of benefits due to the special nature of their legal structure – it is specifically for organisations that are doing something charitable and intending to have a public benefit.
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