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East Boldre Community Stores Limited

Registered on the FCA's Mutuals Register
society number 8481.
Chapel Stores, Chapel Lane, East Boldre, SO42 7WP

Owned and run by our members for the benefit of our community.

EBCS has a wide diverse community membership of predominantly local people to steer our business.

By buying shares in our society people become members and the owners of Chapel Stores. We are pleased to have a diverse membership of 276 people, predominantly local residents who joined the society in 2023.

Members can stand for election to the management committee and can vote on key decisions at members' meetings. Regardless of their shareholding every member has one vote.

Shares have to be held for 3 years but then become withdrawable at the management committee's discretion. Note: Community shares cannot be sold to someone else or be transferred to another individual.

COMING SOON

Annual Members Meeting Minutes

Reports on Annual Accounts

Share Offer 2023 - now closed

We raised £225,000 through our share offer in 2023 in just 6 weeks towards the funding we needed to acquire premises and create Chapel Stores. 276, predominantly local people joined the society.

The Audit Options for Our Society

Community Benefit Societies have four financial audit options (only one of which is actually a formal audit).

Our society has a rule which gives us the power not to appoint auditors to audit our accounts (option 4) subject to a vote with an appropriate majority (80%) at our Annual Members’ Meeting.

  • We satisfy the FCA’s requirements for this rule to be applied (our turnover <£5.1m and assets <£10.2m).

  • A full audit costs ~£5000 (option 4); We do not consider that this represents good value as it is not required by either our rules or the FCA.

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The FCA provides a decision tree to determine which type of audit is required. It shows that for the financial year 2023/4 we must opt for option 3 as our income for that year was above the threshold.

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