Dear all, I would be interested in hearing your experiences when approaching trust for support and funding. We had recently spoken to a representative from the Sainsbury's Trust and were clearly advised that although they were very impressed with what we do, they would not be able to support us in any way as we were not a charity.
Is it not possible for some CICs, if not all to have a recognised status under the Charities Foundation in order to be able to approach trusts for grants and be an accepted form of not for profit organisation.
We have the same problem with the Bank in that they will give us a no fee community account, but will not allow any kind of overdraft. This was the case with HSBC and despite being given evidence of a grant from central government, they would not allow any kind of overdraft in order for us to meet our cash flow requirements.
There are many trust and charities who do not know what a CIC is!
May be the CIC Association can help with clearing the fog?
Look forward to hearing from you.
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