Frequently Asked Questions (FAQs)

What will the society do with any surplus or profit?

Any surplus or profit will be reinvested into the business to maintain and improve our land & facilities (with specific emphasis on carbon sequestration and biodiversity); while ensuring sufficient reserves are in place.

Any remaining surplus/profit will be used for the benefit of the local community.

Has the society included the community benefit society statutory asset lock in its rules?

Yes. An asset lock is a constitutional device that prevents the distribution of residual assets to members. The purpose of an asset lock is to ensure that the public benefit or community benefit of any retained surplus or residual value cannot be appropriated for private benefit of members. You can read more about Asset lock provisions on the Community Shares website here.

Are our society’s objects intended to be charitable?

No.