Siop Gymunedol / HAVARDS / Community Shop
PLEASE INVEST IN HAVARDS COMMUNITY SHOP
Our share offer has been re-opened (from 20th October 2022) in order to close the gap we need to fill. Our hopes of getting a grant to complete the purchase have been dashed by the delay in a decision on the Community Ownership Fund, caused, we presume, by the chaos in Westminster. The situation is described in more detail in our latest "Extraordinary Newsletter". Read it by clicking here. Shares are once again available in Newport’s SHGT Community Benefit Society (CBS) Limited and the funds raised will be used to purchase Havards for the Community.
There is no need to fill in another form. Just pay the amount you are adding to your investment to our bank account:
Bank Account Name: SHGT Community Benefit Society Limited Sort code: 51-61-15 Account Number: 71765182
Payment reference: Your Membership Number.
Alternatively, if you’d prefer to send a cheque, please make this payable to SHGT Community Benefit Society Ltd and post to our secretary: Mr Christopher Morgan, Coed Cadw, Felindre Farchog, Crymych, Pembrokeshire. SA41 3UY. Please write your Membership Number on the back of the cheque.
All payments will be acknowledged by email. If you have forgotten your Membership Number, or have any questions, please send an email to firstname.lastname@example.org or call Christopher on 07770 971543
The team have been putting banners up all over town.
The easiest way to invest is to complete our online investment form, available by clicking https://siophavards.cymru/investform.htm . Complete the details, and submit the form. You will then receive an email telling you how to transfer the funds. The form also allows you to invest on behalf of an organisation or business, and you can also invest of a child under the age of 16. You can also invest by completing and sending us a paper form - forms are available from Havards shop.
Donations: We also welcome donations. If you are able to make a donation to help the Community purchase Havards, you can find out more by clicking here.
Share Save investments: You can also build up your membership of Havards Community Benefit Society with smaller payments over time, if this suits you. Once you have saved £200 you will become a voting member of the society. Please see our form which allows you to join the Share Save Scheme.
This project will benefit the Community of Newport and surrounding villages, and we have had extensive support from a diverse range of those that both live here or visit frequently.
Limits: The minimum share purchase is 200 shares at £1 each. Individuals or company can hold up to 10% of the minimum share target total, currently 415,000.
Note for taxpayers: While our application for Advance Assurance for the HMRC Social Investment Tax Relief (SITR) scheme has been approved, we have now passed our allowance for SITR which was £300,000. Existing investors will know if their investment was eligible for SITR. Unfortunately we cannot offer SITR on new or increased investments. HMRC are happy that we meet the criteria for SITR and should give us full certified SITR status 4 months after we start trading. So those investors who invested before we reached our limit should have the benefit of SITR tax reduction. This is a reduction of 30% of your investment in your income tax bill. More details here.
Increasing your investment: We've had several investors who have told us they want to increase their investment and asking how to do it. It's easy. Just make an additional payment quoting the same member number (you will already have the bank details and this number). We will consolidate the two payments into a single investor record, so you will only receive one certificate for the total investment. This applies only if all details are the same (for example, no change in the interest rate requested.)
If you have any queries about investing in Havards or anything else, please Send us an Email
Full details are in the Havards Share Offer Document is available at https://siophavards.cymru/docs/shareoffer.pdf
This Share Offer has been vetted and awarded the Community Shares Standard Mark.
The Community Shares Standard Mark is awarded by the Community Shares Unit to offers that meet national standards of good practice. For more information about community shares, the Community Shares Standard Mark and the Community Shares Unit go to: communityshares.org.uk