The Society

Governance & AGM

The Society is owned by its members, is registered with the Financial Conduct Authority and its objectives are set out in the Society’s Rule Book. You can download the Rules and other important information below.

What is a Community Benefit Society?

A Community Benefit Society is registered with the Financial Conduct Authority and is owned by its Members.

The Society is established for the benefit of the community and not of its members. Each member has only one vote at the AGM, even if they own more than one share.

Shares are not transferrable and can only ever be redeemed at par (in our case £50) i.e. they can never be worth more than what was paid for them.

A Community Benefit Society can only be established for Social or Environmental purposes, has a not-for-profit constitution and includes an asset lock. It has limited liability.

An asset lock is a constitutional device that prevents the distribution of residual assets to members. The purpose of an asset lock is to ensure that the public benefit or community benefit of any retained surplus or residual value cannot be appropriated for the private benefit of members. 

Reports & Information

TitleMonthYearDownloadCategory
CDF Society RulesSeptember2019DownloadGeneral Information10/25/19
CDF Accounts 2018-2019September2019DownloadAccounts10/25/19
CDF General Meeting AgendaAugust2019DownloadAgenda10/25/19
CDF General Meeting MinutesAugust2019DownloadMinutes10/25/19
CDF AGM AgendaMarch2020DownloadAgenda, AGM02/26/20
CDF AGM MinutesMarch2020DownloadMinutes, AGM03/31/20

Annual General Meeting (AGM)

The AGM is a meeting of the Members of the Society at which the annual report and accounts are considered, auditors are appointed, Directors are elected, and decisions are taken on the use of trading surpluses and any resolutions to change the rules of the Society.

Rule 8.4 of the Society’s rules set out the detail of when and how the AGM should be conducted. In accordance with these rules the next AGM will take place on or before 31st March 2021. We will advise all Members of the actual date that the AGM is to be held nearer the time.

If you care about our High Street, then please continue to use it throughout the current crisis!

THE SOCIETY

Membership

Membership of The Society requires the purchase of one or more shares and is not risk free. However, it gives you a say in the running of The Society as well as demonstrating a commitment to the community and our High Street.

Image Credit: Cricklade Festival Committee, 2014

THE SOCIETY

Membership

Membership of The Society requires the purchase of one or more shares and is not risk free. However, it gives you a say in the running of The Society as well as demonstrating a commitment to the community and our High Street.