00:20:43 Carla Marshall: Welcome everyone. I will email you all the slides this afternoon and also the recording and slides will go on the website - Resources - From Events. 00:22:51 Sam C Talbot Trusts: Reacted to "Welcome everyone. I ..." with πŸ‘ 00:24:35 Karen Morrell Wakefield Council: Reacted to "Welcome everyone. ..." with πŸ‘ 00:41:06 Carla Marshall: Please put any questions to Andrew in the Chat. 00:41:56 Miles G@York Together and various: Thank you Andrew 00:42:07 Sam C Talbot Trusts: Thanks Andrew. It's really interesting to see the SEs are way more reflective of society than charities. Why do you think that is? 00:42:27 Anne Neill: That was so informative and succinct. Thank you so much 00:43:26 jan Yorkshire Funders: Andrew what would you say to a charity only funder how to manage any perceived risks funding a SE. For example you mentioned not funding profit distributing SEs 00:43:33 Katherine Odom Two Ridings CF: Please can you tell us about Community benefit societies? Where do they sit in the SE environment, how are they organised? 00:43:41 Rob Billson: Social Enterprises aren't sustainable just because they are called that, what makes them sustainable? 00:43:45 Sam C Talbot Trusts: Reacted to "Andrew what would yo..." with πŸ‘ 00:44:03 rrichards: Why have shares if no profits are being distributed? This always causes questions for us. 00:44:37 Sean Rushton: Reacted to "Andrew what would yo..." with πŸ‘ 00:45:40 Maria Spadafora (she/her) LCF/GiveBradford: Not a question, more a comment. We find that, alongside really great examples of CICs, some can be quite problematic and lack the checks and balances that charities usually have. 00:46:19 Matt - Hull CVS: Very true about the income from business that many CICs seem to forget. 00:46:47 Matt - Hull CVS: Is the CIO model going to see the CIC model start to disappear over time? 00:50:15 Helen Fahey: the reporting requirements are quite minimal though. and as so many are only a year or 2 old or less - its very hard. 00:50:44 Rob Billson: Similar to Maria, I think that many CiCs set up as such because they see the oversight of the Charity Commission as something they don't want to deal with, but intend to behave as a charity by getting income from mainly grants. Whereas as a funder we quite like that oversight as a check and balance. 00:50:51 Sam C Talbot Trusts: Replying to "the reporting requir..." The reporting requirements aren't very different from a similar sized charity 00:50:55 SCC Andrew Wright: Thanks Andrew 00:51:16 jan Yorkshire Funders: Reacted to "The reporting requir..." with πŸ‘ 00:52:07 Carla Marshall: Andrew is staying with us for the whole session and will be in one of the break-out groups. 00:52:17 jan Yorkshire Funders: Reacted to "Andrew is staying wi..." with πŸ‘ 01:07:30 Sam C Talbot Trusts: Hi Steve, thanks for your slides: they're a really handy summary and very useful. I'm interested by your experience of CICs without clear community benefit. I've assessed many applications from CIC and not come across many of these at all. Have you raised your concerns with the Office of the Regulator of Community Interest Companies? 01:09:24 Matt - Hull CVS: Reacted to "Hi Steve, thanks f..." with πŸ‘ 01:10:22 Kam: It would be really useful to have a chart of the pros and cons of each type of legal structure on a document. Thanks Kam 01:12:05 jan Yorkshire Funders: Yet Plunkett Foundation encourage community pubs, shops etc to be community benefit societies. I am currently grant applying to funders on behalf of my local community shop and there are many funders who won't fund a community benefit society. Its ironic really as we have 50 plus volunteers! 01:12:24 Carla Marshall: Hi Kam. We'll be building up the Resources section on the website so we will aim to do this :) 01:12:26 Alan Bentley Museum Development Yorkshire: Sorry I am going to have to leave I hope to be back before the end. Thank you it has been very interesting 01:12:32 Sam C Talbot Trusts: Reacted to "Hi Kam. We'll be bui..." with πŸ‘ 01:12:54 Kam: Reacted to "Hi Kam. We'll be b..." with πŸ‘ 01:13:46 Matt - Hull CVS: I have another meeting at 11am but a great input from Andrew and Steve. Thanks for the session all. 01:14:14 jan Yorkshire Funders: I think CICs are positive approach taken my low paid/unemplyed activists to do something positive - might reflect NE figures? 01:14:26 Sam C Talbot Trusts: Reacted to "I think CICs are pos..." with πŸ‘ 01:15:00 Andrew Croft SEUK: Typically Charities with any scale would have historically registered as a CLG to give their Trustees Ltd Liability. Now they would use the CIO to give a Charity which has Ltd liability and only one office to file with. 01:15:01 Sam C Talbot Trusts: Replying to "I think CICs are pos..." You tend to find higher proportions of CICs and lower proportions of CIOs in deprived areas for exactly that reason 01:16:02 Karen Morrell Wakefield Council: I am sorry that I have to leave but this has been a really interesting and useful session. Thank you. 01:16:56 David Price: very helpful overview of the different structures, thank you 01:17:09 Rachel Burnett - CFFC: That was so helpful. Thank you 01:17:24 Sam C Talbot Trusts: Reacted to "very helpful overvie..." with πŸ‘ 01:17:27 rrichards: Reacted to "very helpful overvie..." with πŸ‘ 01:17:32 Anne Neill: Another tremendous presentation. Yes please a document capturing all of this that we can share with trustees. 01:17:45 Sam C Talbot Trusts: Reacted to "Typically Charities ..." with πŸ‘ 01:17:51 MJ Martin: Reacted to "Hi Kam. We'll be bui..." with πŸ‘ 01:18:09 MJ Martin: Reacted to "It would be really u..." with πŸ‘ 01:23:31 Sam C Talbot Trusts: To be clear, there's no legal requirement for a CIC to trade; but there is a clear requirement for them to have a β€˜community interest statement’ clearly setting out that they operate for community benefit not private benefit 01:23:41 Thomas Waring - Two Ridings Community Foundation: There are so many structures. CIO's were viewed with suspicion at first, until the structure settled and the charity commission worked out what they were doing with them. Now they seem to be the preferred structure for many. Surly as long as there is clear charitable purpose to a CIC or CBS and the due diligence is good, why can't they be funded. Trust is a word that comes to mind. 01:24:07 Sam C Talbot Trusts: Reacted to "There are so many st..." with πŸ‘ 01:24:23 Katherine Odom Two Ridings CF: Reacted to "There are so many st..." with πŸ‘ 01:24:34 Rachel Burnett - CFFC: Reacted to "There are so many st..." with πŸ‘ 01:24:37 Andrew Croft SEUK: Bencom's are a highly democratic structure of SE. They work well for local assets (pubs etc...) as these may often be a group of local people who share responsibility and the democratic voting helps. They may also be funded from local crowdfunding initially. 01:24:53 jan Yorkshire Funders: Reacted to "Bencom's are a highl..." with πŸ‘ 01:25:08 Katherine Odom Two Ridings CF: Reacted to "Bencom's are a highl..." with πŸ‘ 01:25:26 Sam C Talbot Trusts: Question: Steve, what do you look for when doing due diligence on organisation accounts, and is this different for different legal structures? 01:25:29 Sam C Talbot Trusts: Reacted to "Bencom's are a highl..." with πŸ‘ 01:27:05 rrichards: I'm afraid I have to leave as I have another meeting, but I've found this incredibly interesting. I look forward to receiving the presentations and video via email. I'll be sharing it with the rest of the team. Thanks again. 01:53:29 Anne Neill: Carla: In response to a question from Adam β€œWhat does a good CIC look like”, Andrew Croft gave a really helpful and comprehensive list of what to look out for. I feel that such a briefing would be really helpful to Members. Many thanks Andrew. 01:53:53 Adam Austen - HSC: Reacted to "Carla: In response t..." with πŸ‘ 01:55:59 jan Yorkshire Funders: Reacted to "Carla: In response t..." with πŸ‘ 02:01:25 Carla Marshall: Hi Anne - I'll ask Andrew to include this with the answers to the questions on the chat. 02:01:58 Anne Neill: That sounds great. Thank you. 02:16:02 jan Yorkshire Funders: We will be sharing slides )or Carla will :) 02:16:12 Sam C Talbot Trusts: Reacted to "We will be sharing s..." with πŸ‘ 02:16:13 Thomas Waring - Two Ridings Community Foundation: Reacted to "We will be sharing s..." with πŸ‘ 02:16:14 SCC Andrew Wright: Thank you everyone, really useful and much appreciated. 02:16:33 Adam Austen - HSC: Thank you 02:16:34 Andrew Croft SEUK: lovcely to meet you all 02:16:38 Rachel Boggs: Thank you everyone 02:16:38 Thomas Waring - Two Ridings Community Foundation: Really helpful session - thank you. I look forward to learning more