Clare Lombardelli has been appointed as the new Director General, Economics and Chief Economic Advisor to the Treasury, replacing Sir David Ramsden who joined the Bank of England in September 2017. She will take up the role on 3 April.

About Clare Lombardelli

Clare is currently the Director of Strategy, Planning and Budget at HM Treasury where she is the lead advisor to the Chancellor on fiscal events, and is a member of the Treasury’s Executive Management Board. She holds a master’s degree from the London School of Economics, and is a Visiting Research Fellow at King’s College London.

Clare has worked in government since 2005, after starting her career as an economist at the Bank of England. Her roles have included Principal Private Secretary to the Chancellor of the Exchequer, Private Secretary for Economic Affairs to the Prime Minister, and Deputy Director for Labour Market Policy. She has also worked as a technical advisor for the International Monetary Fund.

About the role

The Chief Economic Advisor works to deliver the government’s macroeconomic objectives, promoting sustainable economic growth and setting and implementing fiscal policy. The post-holder manages the Economics and Fiscal Groups in Treasury, sits on the Executive Management Board of HM Treasury and is co-head of the Government Economic Service.

The UK has a thriving space industry. Credit: Airbus.

Do’s and don’ts of completing an application to incorporate a CIC

Need help with registering your Community Interest Company? We’ve identified the most common mistakes for each document you need to submit and compiled a list of Hints and Tips to get you on your way.

These are the forms you need:

Send the documents by post to Companies House with the £35 filing fee.

The form IN01

Do

• check that the company name you want is available by using Companies House Webcheck

• make sure the company has the name ending CIC, Community Interest Company or C.I.C. and is consistent on all forms

• tick the correct box in A4 – ensure the box you tick is relevant to the type of articles of association that you are sending.

• complete Part 5 – give details of the person(s) that will have significant control over the company (PSC). If there will be no PSC in relation to the company still tell us by ticking the correct box.

• tick L1 – consent statement – to tell us that the subscribers confirm that the people named as a director or secretary have agreed to act in that capacity.

• make sure that all the CICs subscribers sign part N1 individually OR if the CIC is being represented by an agent, complete section N2

• will you have more than 2 directors? Then download the IN01 continuation sheet

• contact Companies House with any queries on the IN01

Don’t

• Tick box A3 – although your company name will end in CIC, Community interest Company or C.I.C. this does not mean that your company is exempt from using the word ‘limited’.

The form CIC36

Remember your community Interest Statement (CIC36 form) and keep the name consistent with the other documents.

Do

• complete each section of the form – A, B, C and D

• give a clear description of the community of benefit – A

• give a clear description of the CICs activities and how these will benefit the community – B

• complete the ‘surplus statement’ on the end of section B

• read section C – these are the declarations which are mandatory. You sign section D to confirm your understanding

• make sure that the number of directors that have signed section D are the same number of directors named in the form IN01

Don’t

• apply to be a CIC if your main activity will be lobbying or campaigning for or against any local or national political party or government decision

• state in the surplus statement that the CIC will pay dividends to shareholders if the CIC will be limited by guarantee or limited by shares Schedule 2

The Memorandum of Association

Do

• make sure you use the correct memorandum of association for the type of company you have chosen i.e. limited by guarantee or limited by shares

• make sure all the directors named in the form IN01 have signed and dated the document

Don’t

• Use separate forms for each person’s signature, all signatures must be on one Memorandum

The Articles of Association

Do

• make sure the asset locked body clauses are numbered correctly and correspond with the conditions.

• choose a registered charity, another CIC or a Registered Society as your nominated asset locked body in clause 3.5

• choose the correct limited by shares model – Schedule 2 to pay dividends to asset locked bodies or Schedule 3 – to pay dividends to shareholders

• choose the correct Articles of Association for the type of company you have chosen i.e. limited by guarantee or limited by shares

• complete the objects clause – the Regulator considers it to be good practice for the CIC to complete the objects clause in the articles and some funding bodies refer to this information when considering an application – however it is not mandatory

Don’t

• nominate your CIC or a director of your CIC as the asset locked body in clause 3.5

• remove or alter any of the statutory clauses shown in red in our models

• make any additional clauses that will negate the meaning of the statutory clauses

Contacts

• email or telephone the CIC office if you have any questions on the CIC36 form or Articles of Association

• email or telephone Companies House if your questions relate to the IN01 or Memorandum

Do let us know what you think cicregulator@companieshouse.gov.uk

Don’t think any question isn’t worth asking.

GOOD LUCK WITH YOUR APPLICATION

The Queen has approved the nomination of the Reverend Canon Susan Helen Jones, BEd, MPhil, PhD, Residentiary Canon at Derby Cathedral and Director of Mission and Ministry in the Diocese of Derby, to be appointed to the Deanery of the Cathedral Church of Christ, Liverpool, on the elevation of the Very Reverend Peter Jonathan Wilcox, MA, DPhil as Bishop of Sheffield on 23 September 2017.