Penicuik 19 05_11

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Penicuik 19 05_11

  1. 1. The Community is the Currency Chris Cook Penicuik 19 May 2011
  2. 2. Enterprise Models are Legal and Financial Structures 01/06/10
  3. 3. The unseen plumbing of Society 01/06/10
  4. 4. Public = State... 01/06/10
  5. 5. ...funded by taxes and public borrowing 01/06/10
  6. 6. Private = Legal Person: Individual or Company 01/06/10
  7. 7. 'For Profit' Companies are funded by shares with par value eg £1.00 - Equity 01/06/10
  8. 8. 'Not for Profit' Companies are Limited by Guarantee 01/06/10
  9. 9. Financing and funding requires Debt - usually secured by a legal claim eg mortgage 01/06/10
  10. 10. ...giving two conflicting claims over the same productive asset 01/06/10
  11. 11. Or an unequal 'partnership' relationship 01/06/10
  12. 12. Scots know it's not a case of 'either/or' 01/06/10
  13. 13. 'Not Proven' is both...or neither 01/06/10
  14. 14. A 'quantum' zone of uncertainty 01/06/10
  15. 15. There’s a new legal animal out there 01/06/10
  16. 16. There are now over 60,000 UK Limited Liability Partnerships (LLP)... 01/06/10
  17. 17. ...even in the Public Sector, where Glasgow has five municipal LLPs 01/06/10
  18. 18. An LLP is a corporate body with limited liability.... 01/06/10
  19. 19. ...and...errrr...that’s it ! 01/06/10
  20. 20. As far as the Tax Man is concerned it is a Partnership 01/06/10
  21. 21. LLPs are being put to very interesting uses 01/06/10
  22. 22. Capital Partnership Custodian Investors Users % % £ 01/06/10 Managers
  23. 23. Equity Shares - % age shares in revenues or production... 01/06/10
  24. 24. Units - redeemable in payment for production 01/06/10
  25. 25. Example: “The Art of Flirting” – a film incorporated as an LLP 01/06/10
  26. 26. The actors received nth’s of the gross revenues 01/06/10
  27. 27. I got 5%...and the producer the rest... 01/06/10
  28. 28. But we needed lights, cameras, pizza, coffee 01/06/10
  29. 29. Two Capital Partners invested £10k for 20% of revenues 01/06/10
  30. 30. If there are any 01/06/10
  31. 31. Art of Flirting Partnership Custodian Financial Capital (Investors) Viewers % % £ 01/06/10 Human Capital (Actors, Producer, Me)
  32. 32. The Capital Partnership aligns stakeholder interests.... 01/06/10
  33. 33. ...but it’s not a magic bullet 01/06/10
  34. 34. Conventional finance requires binding contracts 01/06/10
  35. 35. Partnership finance requires consensual agreement 01/06/10
  36. 36. But there may be no magnetism.. 01/06/10
  37. 37. ...or partners may fall out... 01/06/10
  38. 38. A Capital Partnership is not an Organisation 01/06/10
  39. 39. ...it does not own anything, do anything, employ anyone, or contract with anyone... 01/06/10
  40. 40. ...it is simply a framework within which the stakeholders self organise ... 01/06/10
  41. 41. Community Partnership Custodian Investor User % % £ 01/06/10 Manager
  42. 42. An associative framework agreement for community projects or events
  43. 43. Agreement between stakeholders Individually
  44. 44. How does it work? 01/06/10
  45. 45. Custodian – asset-holder and steward 01/06/10
  46. 46. Company Limited by Guarantee 01/06/10
  47. 47. Collective agreement between all Stakeholders 01/06/10
  48. 48. User - a Club or Association 01/06/10
  49. 49. A Club is Closed because only members have access.... 01/06/10
  50. 50. ...but also Open because anyone consenting to club rules may join 01/06/10
  51. 51. Manager – gets things done.... 01/06/10
  52. 52. ...and agrees who does what 01/06/10
  53. 53. Community Partnership Custodian Investor User % % £ 01/06/10 Manager
  54. 54. Community Land Partnership Custodian Investor Occupier % % Rental 16/06/10 Manager
  55. 55. Community Energy Partnership Custodian Investor User Energy Energy Energy Manager
  56. 56. Energy Pool: Community Mega Watts
  57. 57. Or even Nega Watts of energy savings
  58. 58. Community Media Partnership Custodian Investor User % % £ 01/06/10 Service Provider
  59. 59. Networks of Communities are the future 01/06/10
  60. 60. Thank You 16/06/10

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