FAQ Group: Raising the capital

No, the Memorial Hall is raising funds to redesign the layout of the Hall, it does not provide for a Community shop space.

There is not enough space in the village hall for a shop/café and therefore a separate space and building is needed.

Anyone over 16 can invest in the shop. We only expect people to invest in the shop if they can afford to do so and to an appropriate amount that fits within their budget. For some, this may be £20, for others £100, and a few may invest £1,000 or more.

A donation is like a gift, it does not allow for a say in the direction of the shop and carries no right to be returned.

Buying shares is similar to a long-term loan, but you will be able to vote on shop issues as a member.

To build and stock the shop, employ a Manager and protect the future of the shop.

A CBS is restricted in the amount of any profits that can be paid out to shareholders so this should not be thought of as a traditional financial investment.

Each shareholder (however large or small their shareholding) will get one vote in key decisions regarding the future direction of the shop and how the profits are invested for the good of the local community.

There is no obligation to invest after the initial share issue and shares can be redeemed at a later stage if, for example, you move out of the area – but only at the discretion of the Management Committee.

• Share issue

• Donations

• Loans

• Corporate Sponsorship

• Grants

• Fundraising events

We have looked at other community shops, obtained some estimates for building and fit out costs and our plan is based on the following estimates:

Prelims & Groundworks – £22,000

Building & Finings – £92,000

Equipment – £13,000

Incidentals – £7,000

Initial working capital – £10,000

Contingency – £16,000

TOTAL – £160,000