I'm currently working with someone who is in the process of registering a CIC who wants to set up a charitable subsidiary to the CIC. I am aware that is quite common and normal the other way round ie a charity with a CIC subsidiary. However I haven't been able to get any guidance on whether a CIC can have a charitable subsidary from the CIC regulator website or elsewhere Can anyone help answer my query ?
Hi, I agree with Geof.
You would need to be very careful, or you could get into trouble which could affect your cic and all of the hard work you have already put into to it.
Reading your question again, especially your comments "As a CIC we will be gifting surplus to the charitable organisation, but we also want to use to to access grant funding for projects that the CIC can perhaps not access". and "contracting the CIC to deliver a paid piece of work for them",
Both make it sound that your intentions are not quite ethical or charitable.
I am sure that is not your intention, but this could be viewed as a rather immoral.
Personally I would concentrate on you CIC. You can do a lot of good with it.
If you need extra members for funding applications, check out this new group.
Sorry, I did not mean to cast aspersions or make you uncomfortable.
I was just relaying what I thought someone else, certainly not me, may think about the way that you described what you were trying to achieve and how you were trying to achieve it.
Just disregard my comments on that matter.
However, I can say that in general it would appear that many grant applications require at least 2 and some times 3 or 4, unrelated directors and trustees or members.
I have been unable to find many grant funding options which do not have such requirements.
But, it may be different in your field and you may already have a good team.
If needing trustees for your charity is a stumbling block to help your excellent work, I can offer myself up for that, if you feel that it would help in the short term.
Other than that, it would appear that Geof or another CIC Director, who is probably more versed in these matters than me, may be able to throw in some options that may help.