Volunteering Spirit is a Community Interest Company, a business with the specific aim of benefiting the community. Volunteering Spirit considers its community to be not only the hosts and volunteers who sign up to the site and the charities it supports, but also the larger spiritual and religious community throughout the world.

Volunteers and Hosts

Volunteering Spirit supports this group by making volunteering and hosting financially accessible. Hosts and volunteers benefit by meeting and working with people from different beliefs, backgrounds and cultures leading to greater understanding.

The Larger Community

We also support other organizations and charities that best reflect our ethos of promoting humanistic, spiritual and religious understanding. For example:
World Congress of Faiths
Interfaith
(Suggestions are welcome)

At present Volunteering Spirit´s commitment is to donate 10% of each membership fee to the charities listed above. As a Community Interest Company, we must dedicate all profits for community benefit.

Community Interest Company

Volunteering Spirit is a Community Interest Company (CIC), CIC registered in the UK

Community Interest Companies are regulated UK based social enterprises, businesses with the specific aim of providing benefit to a community, delivering social and/or environmental changes.

When a CIC makes a profit it must be used to benefit the community and not the company members. All assets of the company are locked, so in the event of it going out of business, those assets must be distributed for less than the market value to another asset locked body such as another CIC or a charity. Otherwise its a normal company.

The Annual Community Interest Report provides transparency of operations. Anyone affected by the CIC's activities has access to its report on the public record, which is updated by the Registrar of Companies.

A Community Interest Company has to file accounts and a community interest report annually. This report demonstrates how the CIC continues to provide benefit to a community through its activities. The accounts and report are placed on the public record providing transparency of operation. The report must include details of how activities have benefited the community; who was consulted and what was the outcome; what payments were made to directors; what assets were transferred; what dividends were paid, and what interest was paid on loans and debentures.

The CIC Regulator is contactable at cicregulator@companieshouse.gov.uk. The website is www.cicregulator.gov.uk.