Welcome to Rhythm For Hope
What is a CIC Community Interest Company?
A CIC is a new type of company that uses its profits and assets for the public good. CICs have all the flexibility and certainty of the normal Ltd company form, but with some special features to ensure they are working for the benefit of the community.
Community Interest Companies (CIC) are limited companies with special additional features created for the use of people who want to conduct a business or other activity for community benefit, and not purely for private advantage. This is achieved by a 'community interest test' and 'asset lock', which ensure that the CIC is established for community purposes and the assets and profits are dedicated to these purposes. Registration of a CIC has to be approved by the regulator who also has a continuing monitoring and enforcement role.
Our mission is: to generate funds from concerts and other fundraising events, to enable us to use music as a vehicle for learning and development for at risk children, in third world countries.
Our aim is: to provide musical instruments, a safe learning environment, educational programs, and train musicians to become teachers.