1 / 7

What are Community Shares ?

What are Community Shares ?. A means to raise finance by offering shares in a Community Benefit Society (CBS). CBS shares don’t go up in value and are unlikely to go down, One member, one vote. Community shares can be withdrawn, A CBS can pay interest to shareholders,

xia
Télécharger la présentation

What are Community Shares ?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What are Community Shares ? • A means to raise finance by offering shares in a Community Benefit Society (CBS). • CBS shares don’t go up in value and are unlikely to go down, • One member, one vote. • Community shares can be withdrawn, • A CBS can pay interest to shareholders, • Maximum investment is £100,000 • Without the regulatory burden and cost of a Limited Company share offer.

  2. WST Community Share Offer • Red or Dead campaign launched to raise funds for WST to secure the acquisition of the club and provide working capital. • 90 Subscribers paid £60k into an ESCROW account. • Full Share Offer launched in April 2012. • Short term aim to help the business offset forecasted losses. • Medium term aim to provide capital to improve the business infrastructure. • Offer not time-bound

  3. Benefits to Members • Receive a Share Certificate • Option to receive interest up to 2% above Bank of England Base Rate • Option to spread payments • Donate a ticket to WST’s chosen charities • Opportunity to receive tax relief through the Enterprise Investment Scheme • Lifetime membership of WST • Shares can be withdrawn (subject to T’s & C’s)

  4. Community Shares – Current Position • 350 investors have invested over £150k • The funds raised are being ring fenced for infrastructure projects. • Process in place to authorise Community Share Spend • Approx £75k has been spent on Shop/Office development • Other Potential Projects: • Upgrade of IT infrastructure • Solar Energy Generation £150,000 £100,000 £50,000 £0

  5. Ticket Office & Club Shop

  6. Further Resources • Produced by Supporters Direct in partnership with the Community Shares Unit • www.supporters-direct.org/wp-content/uploads/2013/12/Community_Shares_Guidance_web_pomp.pdf • Animation - explains what community shares are in the context of sports clubs in 2 minutes • http://clubdevelopment.coop/homepage/about-us/research/community-shares/ • Further information on WST’s Share Offer • http://wst.org.uk/www3/

More Related