Megaphone Writers Community Interest Company (CIC) developed out of the project: Megaphone mentoring and was established in 2021.
The intention was to make Megaphone’s work more
– sustainable: the company has an existence separate from any individual director
– accountable to its community, via its legally binding statement of community interest
– and credible to funders: the company has at least two un-related directors (currently Leila Rasheed and Stephanie King) and a bank account of its own.
A CIC is a a special type of limited company which exists to benefit a defined community rather than private shareholders. Any profits made are re-invested into the company, to benefit that community. Our community is defined in our statement of community interest, as follows:
.. actual and aspiring writers, creators and other stakeholders in children’s and young adult literature, who are from racialised and/or ethnic minority groups, and child readers of any ethnic heritage.
– Our statement of community interest.
You can read the full details on Companies House website. Our company number is 13808064 .