Fund Raising

Fund raising was carried out as a community campaign amongst private individuals. A share can be purchased for £25 and any number of shares is available for purchase on the basis of this being a new enterprise which requires a minimum amount of funds to purchase the business, provide working capital, purchase stock and have some in reserve for developments the shareholders and board of directors will wish to make over the coming years. £25 a share seemed like the most favourable multiple as it had the widest appeal the community and meant that we were not managing huge volumes of shares.

Now we have purchased the business and are trading as Sarratt Village Limited fund raising will need to follow a different process. We can continue to accept funds from investors but they need to self certified to a certain level to make an investment without professional advice. We will publish more information on this as we build up plans for future activity. There is a reference section within the site which has much information about community interest company format and how it all works

Enterprise Investment Scheme Relief

It is possible to claim tax relief on an investment within the village shop. We will be completing the required paperwork and submitting it to HMRC shortly. If anyone is specifically interested in EIS please let David Alexander know as soon as possible. If you wish to know more about EIS please review the HMRC website by clicking here or an excellent overview written by Baker Tilly specifically in relation to investments in Community Interest Companies. In addition if your are interested in the form we are submitting to HMRC it is called an EIS1 a copy of the blank form is attached

Donations

We can accept donations from anyone who wishes to contribute. We received our first donation only this week in July 2011.

Please contact David Alexander via email on this matter at david@sarrattvillage.org or call on 0771 747 3661