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East Bergholt Community Land Trust

Organisation

The legal form of the Community Land Trust (CLT) is called “East Bergholt Community Land Trust Limited” and is organised as a not for profit community benefit society (the Society). The Society). The Society can, if deemed appropriate, apply for charitable status with Her Majesty's Revenue and Customs (HMRC). It will have shareholders (sometimes referred to as members) contributing a nominal amount (£1) to the capital of the Society. The liability of the shareholders is limited to the amount of capital paid in.

The shareholders own and control the Society but cannot alter the main charitable objectives. Membership is open to all residents of East Bergholt over the age of 16. You do not have to be a member in order to be considered for housing or other benefits the Society provides.

The Society is governed by its statutory document (the Rules) and the Co-Operative and Community Benefit Societies Act 2014 and it is regulated by the Financial Conduct Authority. It has a management team (the Trustees who are elected by the members) which takes care of the day to day operations and will regularly (usually during the Annual General Meeting) report back to the members.

The Rules will be uploaded to the website in due course.

The objectives of the Society are to operate for the benefit if the community and its residents and not the shareholders.

 
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