A community interest company is similar to a social enterprise or charity, in that any money made is funnelled back into the company for the benefit of others. Having originally considered setting up a charity, Olivia chose the CIC route as the registration requires less paperwork. It also includes an asset lock that protects any profits from misuse.
For Olivia and Claire, any profit made will be funnelled into activities to support the three aims above. This includes the Kardia Coaches initiative, to inspire future generations.
Although the initiative is still in its infancy, Kardia Coaches gives unqualified young women the chance to gain experience alongside FA qualified coaches. In addition to this, Kardia Sports then funds their level 1 coaching qualification. The intention is to offer this initiative at both level 1 and 2.
“It’s really important not only to get experience, but to be around role models and feel part of the community. It’s important to see where sport could lead you and know that there are others like you doing the same thing.”
Since the company was registered in November 2020, Olivia has only been able to offer private coaching sessions, but once team sports can run again the initiative will be able to go ahead.
Setting up at the start of second lockdown
For many businesses, the coronavirus has been a mixed blessing and curse. On the one hand, business owners are able to review existing processes and plan for the future. On the other, the lack of activity creates financial concern and further lockdowns lead to uncertainty.
For Olivia, it’s been impossible to start group sessions.