Tamar Community     Trust
ScopeI   Background - why ???I   Trust - process/ structureI   LearningI   Future opportunities
Project Legacy -HLF Exit Strategy
Project Legacy - Private    and Public Sites
Asset holding -buildings, land and  genetic banks
Management mechanism
Asset management
Filling holes and niches
Long term support    networks
AONB trading and marketing          body
Trading skills
Big Society - Direct community engagement and management
Community Rooted -Friends of the Tamar Valley
Funding - Access to /transfer to AONB CoreCosts / removal overheads
Mechanics
To incorporate or not…I   Latin root – ‘corpus’ = body – “artificial legal people”I   Unincorporated = no separate body or...
Types of incorporated                  bodies..I   Companies: several types – governing document is Memorandum and Article...
Key considerations…I   Ownership - Private / Common – (not-for-private-profit)I   Management - Community / Collective – ev...
Charitable StatusI   Companies > Charity CommissionI   IPS (SBC) > Inland RevenueI   Heads of Charity dictate whether orga...
Community Interest Company                (CIC)I   Introduced in July 2005 as new type of social enterpriseI   Statutory “...
What to Go ForI   Co-operatives - organisations which are owned and controlled by their    members OR worker co-operative ...
Tamar Community Trust
Learning
LearningI   Mem and Arts - Getting foundations rightI   Governance - Another complete organisation to run    and administe...
I am an AONB Manager   ........ I would want you to think about
FutureI   Consider benefits that a Trust status can bringI   Look at how to access these benefits directly or indirectly -...
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4.11.2010 charitable trusts presentation

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4.11.2010 charitable trusts presentation

  1. 1. Tamar Community Trust
  2. 2. ScopeI Background - why ???I Trust - process/ structureI LearningI Future opportunities
  3. 3. Project Legacy -HLF Exit Strategy
  4. 4. Project Legacy - Private and Public Sites
  5. 5. Asset holding -buildings, land and genetic banks
  6. 6. Management mechanism
  7. 7. Asset management
  8. 8. Filling holes and niches
  9. 9. Long term support networks
  10. 10. AONB trading and marketing body
  11. 11. Trading skills
  12. 12. Big Society - Direct community engagement and management
  13. 13. Community Rooted -Friends of the Tamar Valley
  14. 14. Funding - Access to /transfer to AONB CoreCosts / removal overheads
  15. 15. Mechanics
  16. 16. To incorporate or not…I Latin root – ‘corpus’ = body – “artificial legal people”I Unincorporated = no separate body or identity, so individuals are jointly and severally (individually) liable for activities – subject to Common LawI Incorporated = separate body to hold assets, employ people, enter into contracts and sue or be sued! Subject to Company Law.
  17. 17. Types of incorporated bodies..I Companies: several types – governing document is Memorandum and Articles of AssociationI Three main types in this sector I Limited by Shares or by Guarantee I Industrial & Provident Societies (IPS) I Society for the Benefit of the Community I Bona-Fide Co-operative I Community Interest Company (CIC)
  18. 18. Key considerations…I Ownership - Private / Common – (not-for-private-profit)I Management - Community / Collective – everyone /Democratic – a fewI Principles / Objectives - Social Enterprise / Co-operative /Development Trusts
  19. 19. Charitable StatusI Companies > Charity CommissionI IPS (SBC) > Inland RevenueI Heads of Charity dictate whether organisation is eligible to receive statusI Tax advantages – Business Rates and Corporation TaxI Trustees govern organisation – workers not currently allowed on managementI Also governed by Charity Law if company
  20. 20. Community Interest Company (CIC)I Introduced in July 2005 as new type of social enterpriseI Statutory “asset lock” to prevent asset and profit distribution except for community purposeI Must operate for the benefit of the community and pass a Community Interest TestI Has limited liability, with shares or guaranteeI Must be able to demonstrate community benefit to new CICs regulator (through eg. social accounting)
  21. 21. What to Go ForI Co-operatives - organisations which are owned and controlled by their members OR worker co-operative the employees own and control the businessI Community Businesses - businesses which are owned and controlled by a community could be a geographical community or ‘a community of interest’I Development Trusts -asset based organisations owned and controlled by the community, often have a range of projects under one umbrellaI Trading subsidiaries - the trading arm of a Charity or Trust
  22. 22. Tamar Community Trust
  23. 23. Learning
  24. 24. LearningI Mem and Arts - Getting foundations rightI Governance - Another complete organisation to run and administerI Political - Influenced and controlledI Trustees board - access / skills/ balance/ recruitment
  25. 25. I am an AONB Manager ........ I would want you to think about
  26. 26. FutureI Consider benefits that a Trust status can bringI Look at how to access these benefits directly or indirectly - i.e. perhaps no point in us all doing it independently, can we collaborateI Try to look at less local authority reliance, more direct community engagement - could some AONBs become independent area based organisations. more representative of place rather than designation boundary.

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