add more info on cic about section

shoshincollege · Jun 5, 2024 · c5bb1c8 · c5bb1c8
1 parent f9ed156
commit c5bb1c8
Showing 1 changed file with 12 additions and 3 deletions.
diff --git a/main/templates/main/about.html b/main/templates/main/about.html
@@ -24,9 +24,18 @@ <h2>Community Interest Company</h2>
  </p>
  </blockquote>
  <p>
- As a CIC, we also have an asset lock: a legal clause binding the company’s assets
- to only be used for its social objectives and in case of dissolution to be
- transfered to another CIC or charity.
+ As a CIC, we have an asset lock: a legal clause in our Articles of Association
+ which binds the company’s assets to only be used for its social objectives and
+ in case of dissolution to be transfered to another CIC or charity.
+ </p>
+ <p>
+ A CIC is required to produce an annual report with details of what the CIC
+ has done to benefit the community and how it has consulted the community members
+ on its activities.
+ </p>
+ <p>
+ Finally, this is not a CIC requirement but we plan to publish quarterly transparency
+ reports on all our financial transactions.
  </p>
  <p>
  Shoshin College CIC is registered in England and Wales under company number 15760817.