CIC Statement
Community Interest Company Commitment
What is a CIC?
A Community Interest Company (CIC) is a special type of limited company designed for social enterprises that want to use their profits and assets for the public good. CICs are regulated by the CIC Regulator and must demonstrate that their activities benefit the community.
Evolution Impact Initiative CIC was incorporated in August 2025 and is registered with Companies House under company number 16667870.
Our Community Purpose
Evolution Impact Initiative CIC exists to benefit the community of Medway and surrounding areas in Kent through:
- Delivering creative arts, sport and wellbeing programmes for children and young people
- Providing practical support to families experiencing hardship
- Creating inclusive community events that bring people together
- Building confidence, skills and positive outcomes for participants
- Supporting the mental health and wellbeing of our community
Asset Lock
Our assets are permanently locked to community benefit and cannot be distributed to shareholders or directors for private gain.
Community Benefit
All our activities must demonstrably benefit the community. We report on our impact annually.
Regulated
We are regulated by the CIC Regulator and must file an annual Community Interest Report alongside our accounts.
Transparent
Our accounts, reports and company information are publicly available through Companies House.
The Asset Lock
One of the most important features of a CIC is the statutory "asset lock". This means:
- Profits must be reinvested: Any surplus we generate is used to further our community objectives, not distributed to shareholders
- Assets are protected: If the company is wound up, assets must be transferred to another CIC, charity, or community organisation with similar purposes
- Directors cannot benefit: Directors receive no dividends or profit distribution - any payment must be for legitimate services rendered
This structure gives donors, funders and partners confidence that their support will directly benefit the community, not private interests.
Annual Reporting
Each year, we submit:
- Annual Accounts: Financial statements showing our income, expenditure and financial position
- Community Interest Report (CIC34): A description of how our activities have benefited the community, stakeholder engagement, and how we have met our community interest objectives
- Confirmation Statement: Confirming our company details are up to date
These documents are publicly available on the Companies House website.
Company Information
Company Name
Evolution Impact Initiative CIC
Company Number
16667870
Company Type
Community Interest Company (Limited by Guarantee)
Incorporated
August 2025
Registered Office
86 King Street, Rochester, Kent, ME1 1YD
SIC Codes
Our registered Standard Industrial Classification (SIC) codes reflect the scope of our activities:
- 85510: Sports and Recreation Education
- 85600: Educational Support Services
- 88990: Other Social Work Activities Without Accommodation
- 90030: Artistic Creation
Our Commitment
As a CIC, we are committed to:
- Operating transparently and with integrity
- Putting community benefit at the heart of everything we do
- Engaging meaningfully with our stakeholders
- Measuring and reporting our social impact
- Continuously improving our programmes based on community feedback
- Using resources responsibly and efficiently
Learn More
For more information about Community Interest Companies:
Contact Us
If you have questions about our CIC status or governance:
Evolution Impact Initiative CIC
86 King Street, Rochester, Kent, ME1 1YD
Email: info@evolutionimpactinitiative.co.uk