Individuals over the age of 18 charities and other organisations may invest in this offer.  See further details for corporate entities on the application form.

If we did become insolvent, the ability of investors to recoup the funds they have invested would depend on firstly the value we (or the appointed insolvency practitioners) could get for the assets of the Society and secondly, the value of our debts at that point.

In the event of our insolvency or orderly winding-up, the proceeds from the sale of those assets and our cash would firstly pay off all our creditors, and if there were any funds left after that, would be used to pay back shareholders as much of their investment as they have outstanding as possible, on a pro-rata basis.

As we are a society with a Statutory Asset Lock, any surplus funds after paying creditors and investors at par will be distributed to a similar organisation in the local area committed to providing community benefit.

Although we are registered as a society with The Financial Conduct Authority (FCA), the sale of withdrawable shares in the society is not regulated by the FCA. Like many investments, these community shares are at risk and you could lose some or all of the money you invest.

No, because we aren’t a charity.

No. This investment is in withdrawable share capital which cannot be transferred, sold or given to anyone else, except on your death or bankruptcy. The first £5,000 of any investment can be transferred on your death to anyone you have directly nominated and informed us of, without going through the probate process; any remaining investment can only be transferred in accordance with the provisions of your will. If you do not inform us of any nomination, the Society Committee will rely on the probate process. The share withdrawal request process is discussed on page 9 of this prospectus.