Find the answers to our frequently asked questions here:
-
Crowdfunding is a one-off donation, while a community share is regarded as an’ investment’ and creates a long-term involvement with the project
-
The community share issue opens on 29 March and will close on 30 April. This time period may be extended by 1 or 2 weeks if we are close to reaching a particular target. But don’t wait – buy your community share(s) asap.
-
Yes – we want people to buy as many community shares as they can afford.
-
No – every investor gets 1 vote, no matter how many shares they buy.
-
All money raised in the community share issue will go towards the re-development of Bellfield (details on web-site). The precise work undertaken will reflect the money raised from the community share issue and other funders.
-
Buying a community share is a part financial / part social investment. You are buying a share because you want to see Bellfield succeed, and are contributing to make that happen. Your investment is withdrawable after 5 years, and will attract an annual dividend (see below) after that period. When you buy a share you become a member of Action Porty which entitles you to vote at general meetings and stand for election to the Board.
-
The rights of members are enshrined in the rules (constitution) of Action Porty and available on our website. The organisation is required to have an Annual General Meeting to which all members are invited. At the AGM, the Board reports back to the membership (including a financial report) and elects a Board of Trustees for the coming year. Members can also submit motions for AGMs and can call an extraordinary general meeting to discuss an issue of concern (see rules).
-
Not to anyone else, but a community share is withdrawable after a fixed period (in this case 5 years), so if you want your money back at some point in the future, you can sell your share(s) back to Action Porty. The withdrawal of community shares is subject to the financial health of Action Porty at that time.