"Thanks John - Indeed - I argued the case with the Lottery when they refused a Schedule 2 CIC - and they have accepted that and did change their guidance on A4A - I think most funders do know the difference and are happy with Schedule 2s - The issue…"
"simplistic interpretation is schedule 2 is not for profit and schedule 3 is for profit. Although a Schedule 3 can have rules to make share classes non dividend paying.
As you say A4A and many others explicitly exclude schedule 3 CICs as they have…"
"Hi - Schedule 3 CICs and Funding - I work with social enterprises on legal structures and funding and assess a lot of funding applications. I frequently come across Schedule 3 CICs who (not unreasonably) think that they should fulfil funders…"
"There's standard phrasing to cater for virtual meeting - something like:
"Directors participate in a Directors’ meeting, or part of a Directors’ meeting, when—
a) the meeting has been called and takes place in accordance…"
"We are looking to amend our rules on voting to reflect the need for our Board to meet in a virtual space. The current position (in accordance with Articles) appears to be that a virtual vote needs to be unanimous, whereas a vote in a…"
"Hi - Sadly we have reached the point where we need to shut down our CIC. Such a shame. We trained in Social & Therapeutic Horticulture at Coventry Uni and have been using those skills to work with Older people / end of life since 2011. However…"