Sherston Old School Community Interest Company (SOSCIC) is a Community Interest Company (CIC) registered with the Registrar of Companies (no 7138461). Each of its members has guaranteed to pay £1 each in the event of the company being wound up. Under its rules, the CIC is non profit making and cannot distribute its assets except to the community. The Parish Council, as owners of the premises, decided to adopt a CIC as its lessee because a CIC allows everyone in the community to become directly involved in the project. The CIC, as a separate body, can then recruit a team of people with appropriate skills, who may not be members of the Parish Council itself.