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
| Title | Month | Year | Download | Category | |
|---|---|---|---|---|---|
| CDF AGM Draft Minutes | November | 2023 | Download | AGM, Minutes | 20-Nov-23 |
| CDF Chairs Report 2023-11 | October | 2023 | Download | AGM, Reports | 20-Oct-23 |
| CDF Accounts 2022-2023 | October | 2023 | Download | AGM, Accounts | 12-Oct-23 |
| CDF AGM Notice 2023-11 | October | 2023 | Download | AGM, Agenda | 12-Oct-23 |
| CDF AGM Minutes 2023 | March | 2023 | Download | AGM, Minutes | 25-Apr-23 |
| CDF AGM Notice 2023 | March | 2023 | Download | AGM, Agenda | 27-Mar-23 |
| CDF Chairs Report 2023 | March | 2023 | Download | AGM, Reports | 27-Mar-23 |
| CDF Accounts 2021-2022 | March | 2023 | Download | AGM, Accounts | 27-Mar-23 |
| CDF Newsletter 004 | December | 2022 | Download | General Information | 27-Mar-23 |
| CDF Newsletter 003 | August | 2022 | Download | General Information | 26-Aug-22 |
| CDF Newsletter 002 | April | 2022 | Download | General Information | 26-Aug-22 |
| Beneficiary Nomination Form | February | 2022 | Download | Membership, General Information | 01-Feb-22 |
| CDF AGM Minutes | January | 2022 | Download | Minutes, AGM | 01-Feb-22 |
| CDF AGM Chairs Report | January | 2022 | Download | AGM, Reports | 04-Jan-22 |
| CDF Accounts 2020-2021 | January | 2022 | Download | Accounts | 04-Jan-22 |
| CDF AGM Minutes | January | 2021 | Download | AGM, Minutes | 04-Jan-22 |
| CDF AGM Agenda | January | 2022 | Download | AGM, Agenda | 04-Jan-22 |
| CDF Newsletter 001 | October | 2021 | Download | General Information | 26-Aug-22 |
| CDF Leaflet | July | 2021 | Download | Membership, General Information | 07-Jul-21 |
| CDF Share Prospectus | June | 2021 | Download | General Information | 06-Jun-21 |
| CDF AGM Agenda | January | 2021 | Download | Agenda, AGM | 10-Jan-21 |
| CDF AGM Chairs Report | January | 2021 | Download | AGM, Reports | 10-Jan-21 |
| CDF Accounts 2019-2020 | January | 2021 | Download | Accounts | 10-Jan-21 |
| CDF AGM Minutes | March | 2020 | Download | Minutes, AGM | 31-Mar-20 |
| CDF AGM Agenda | March | 2020 | Download | Agenda, AGM | 26-Feb-20 |
| CDF Society Rules | September | 2019 | Download | General Information | 25-Oct-19 |
| CDF Accounts 2018-2019 | September | 2019 | Download | Accounts | 25-Oct-19 |
| CDF General Meeting Agenda | August | 2019 | Download | Agenda | 25-Oct-19 |
| CDF General Meeting Minutes | August | 2019 | Download | Minutes | 25-Oct-19 |
| CDF Accounts 2021-2022 | March | 2023 | Download | AGM, Accounts | 27-Mar-23 |
| CDF Privacy Policy | October | 2023 | Download | General Information | 10-Oct-23 |
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 2024. 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
