Everyday Mindfulness Scotland

Discussion in 'Scotland' started by Jeannie Mackenzie, Feb 17, 2016.

  1. Jeannie Mackenzie

    Jeannie Mackenzie UKBF Newcomer Free Member

    1 0
    I'm the founder of a small social enterprise offering training and mindfulness. Legal status is a 'sole trader', but this is a bit of an anomaly as we just cover our costs and/or plough any profit back into the business, offering reduced courses to public and third sector and reduced fees to any of our clients who are on a low income.

    It's always a dilemma for me to know whether to move to some form of charitable status - CIC would seem the obvious model, or to continue as we are with a firm control on what we do. Brooding on these issues brought me to this website - I'd love to pick up tips from you, especially if you have been in a similar position.
     
    Posted: Feb 17, 2016 By: Jeannie Mackenzie Member since: Feb 17, 2016
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  2. MarkTaylor1968

    MarkTaylor1968 UKBF Contributor Free Member

    35 4
    Hi Jeannie,

    The SCVO website is a very good resource for this. It contains pretty much everything you could need.

    It is worth really thinking through why you might want charitable status and a key part of this is considering whether your end users are paying customers or beneficiaries. Also, give some thought to what you want to achieve in the longer term... there may even be scope for two related enterprises!

    Hope this helps - good luck with it!

    M.
     
    Posted: Mar 4, 2017 By: MarkTaylor1968 Member since: May 10, 2008
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  3. Robert Meredith

    Robert Meredith UKBF Contributor Full Member

    30 3
    How is charitable status or CIC going to help?

    In my experience the hassle and expense of sorting it out, paying accountants etc may outweigh the benefits....?
     
    Posted: Sep 20, 2018 By: Robert Meredith Member since: Mar 31, 2015
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  4. Iain_Henderson

    Iain_Henderson UKBF Regular Free Member

    185 28
    I'm a trustee of a local sports charity (only recently set up so while a novice the info is pretty fresh!) and the main consideration I would have is over wage (assuming you take something)

    Fairly sure you would need to become an employee of the charity and, as such, could not have an active board member role.

    You would need to find whatever the minimum number of board members is for the quorum(?) and then hope they want to take the charity in the same direction you do.

    We got a lot of help from local council so I'd recommended learning a lot more before making a decision.
     
    Posted: Sep 20, 2018 By: Iain_Henderson Member since: Oct 16, 2015
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