About Community Interest Companies (C.I.C.s)
Respair Therapy is a Community Interest Company (C.I.C.). C.I.C.s operate differently from charities in several ways. We generate income through contracts, trading, and grants, rather than relying solely on donations and fundraising. This allows us to offer continuous services and products to benefit our defined community, without time limitations.
As a C.I.C., we can also pay our Directors and employees, unlike charities where Directors must serve in a voluntary capacity. Our founder can remain involved in decision-making while receiving compensation for her work.
While charities receive tax exemptions and can claim Gift Aid on donations, we are subject to corporation tax and don't receive the same benefits. However, we appreciate every donation given to Respair Therapy C.I.C. as it helps fund our community projects.
Overall, our business model allows us to offer continuous and affordable solutions, while generating income to fund our community projects.