A term in finance used to describe physical assets or things that could be sold. For example, capital assets would include buildings, computers, vehicles, machinery and technical equipment.
See also: Core costs, Capital funding and Revenue
Capital funding is funding that can only be used to buy capital (physical) items such as equipment, computers, buildings or vehicles. It cannot be used to cover core costs such as paying rent or utility bills.
Community Activities Training Scheme (CATS )
CATS is an annual four day practical course run by the Active Slough team in Slough to help people set up and run participatory cultural projects in the community.
Charitable status usually means that an organisation has registered with the Charities Commission as having solely charitable aims however there are some exceptions.
Charitable trusts are organisations set up to make grants to further the trusts charitable aims. The organisation will have clear rules about what their money can be used for and a board of trustees who ensure that the money is spent correctly.
Working in partnership with an individual or group.
Groups of people with something in common, such as where they live, their religion etc.
Community arts project
An arts project run by or for a specific group of people or community.
See also: Community Arts Training Scheme (CATS)
Community Interest Company
A community interest company is a business with a structure that enables the company to conduct a business or other activity for community benefit, and not purely for private advantage. For more information visit the Community Interest Company Regulator's website http://www.cicregulator.gov.uk/
A community group is a formal or informal organisation of individuals working together on a voluntary basis towards a specific aim.
See also: Communitites and Voluntary Group
A term used to collectively refer to community groups.
See also: Community Group and Voluntary sector
An agreement that sets out how two or more parties will work together. Unlike a contract, a compact is not legally binding.
Taking advice or opinions from people.
This term is another way of saying ‘What will I do if something doesn’t go to plan?’ A contingency could be an alternative option for carrying something out. In funding terms, contingency is a small percentage of the project’s total budget (usually between 1 and 3%) to cover unexpected costs.
A legally binding agreement between two parties where one is offering something (usually goods or services) in exchange for something else (usually money).
See also: Compact and Contract of employment
Contract of employment
A contract of employment is a legally binding document used to demonstrate the legal relationship between an employer and an employee. For more information visit the Business Link website http://www.businesslink.gov.uk/
Someone who originates something, such as an image, a piece of text, a dance or a piece of music, has the right to restrict unauthorised copying or reproduction of their work. For more information visit the Intellectual Property Office website http://www.ipo.gov.uk/
Core costs are the day-to-day costs related to running an organisation such as admin, costs of running premises and costs of maintaining office equipment.
See also: Capital and Revenue
A term referring to the industry sector that focuses on making money through creative means. Creative Industries is a wide term and covers areas from web design to dance.
Similar to artist or arts practitioner, a creative practitioner is someone who makes their living through practicing an artform or through creative work in other industries, such as web design or graphic illustration.