Eastbourne Borough Football
Club has built an impressive reputation as a community
club and has been recognised as such by the receipt of
seven awards in the last five years.
On the 1st October 2008
those links with the community were further cemented with
the announcement that EBFC has become a registered limited
company with a difference, Eastbourne Borough Football
Club C.I.C. What’s more EBFCCIC is officially the
first football club to gain CIC status, recognising the
work and achievements of the club and Langney Sports Club
within the community.
In simple terms a Community
Interest Company is a limited company but with special
additional features created for the use of people who
want to conduct a business for the benefit of the community
and not purely for private advantage. This is achieved
by a ‘community interest test’ and ‘asset
lock’ which ensure that the CIC is established for
community purposes and the assets and profits are dedicated
to these purposes.
To protect the community
interest Langney Playing Field Committee (registered charity
1090804) will be the ‘asset lock’ and at all
times own more than 50% of the issued share capital. This
means that supporters, the general public and businesses
are able to invest by purchasing Ordinary Shares in a
local CIC with community involvement at the heart of its
aims.
The Priory Lane site hosts
much more than Conference Football and Langney Sports
Club, including Archery, an impressive Indoor Bowls Hall,
weekly Tai Chi sessions, twice a week Afternoon Club for
the retired, a Study Centre, Owlets Nursery providing
quality pre-school education. In addition to the first
team there are Reserve and Ladies Teams as well as a Junior
Club providing football for over 400 boys and girls up
to the age of 18.
Five years in succession
Eastbourne Borough Football Club has won the Sussex County
F.A. Community Club of the Year (2004-2008) and the F.A.
South East Regional Charter Standard Club Award Winner
2006 and 2008. EBFC were the first ever winners of the
Corporate Social Responsibility Award (2004) at the Eastbourne
Business Awards, given for businesses that put something
back into the community they operate in.
FAQ's Re: Eastbourne Borough Football Club CIC
____________________________________________
When was Eastbourne Borough Football
Club C.I.C.(EBFC CIC) incorporated?
Incorporated under the Companies
Act 1985 as a private limited company on
28 July 2008.
When did EBFC CIC start trading?
The Company started trading on 1
September 2008. On 1 October 2008 it took over the activities,
responsibilities, staff, assets and liabilities of the
existing Eastbourne Borough Football Club, including Langney
Sports Club and Langney Sports Indoor Bowls Club.
When is the Company's year-end?
The year-end is 30 June.
When are
the Company's results published?
They will be published within three
months of the year-end and available at
the Annual General Meeting of Shareholders.
Who are
the Company's largest shareholders?
To comply with the CIC regulations
the major shareholder Langney
Playing Field Committee will at all times hold more than
50% of the shares.
Who are the Directors
of the Company?
On incorporation the directors were:
Leonard Smith (Chairman),
Stephen Carter, Michael Grimer and Michael Spooner.
The Board of Directors will be subject to change at the
first Annual General
Meeting in 2009 and subsequent Annual General Meetings.
What will the proceeds
of share sales be used for?
All proceeds will be used to improve
buldings and facilities at the Club's
Priory Lane site.
What is
the Company's on-going strategy?
To continue to strive for success
in the Football Pyramid.
To maintain and develop our community activities.
To continue the development and growth of the Indoor Bowls
Club.
To support the continued development of other sports and
educational/social activities.
How many employess
do you have?
At 1 November 2008 there were (including
part-time) 32.
How do
I purchase shares in Eastbourne Borough?
Contact the Company Secretary, address
below, for application form or download the form below.
_________________________________________________________________________
(More information on the
above is available from: The Company Secretary, Eastbourne
Borough FC C.I.C, Langney Sports Club, Priory Lane, Eastbourne,
East Sussex, BN23 7QH)
Eastbourne Borough
Football Club C.I.C. is not authorised and regulated by
the Financial Services Authority (FSA). The information
in the above statement does not constitute an offer for
the sale of shares. The directors of Eastbourne Borough
Football Club C.I.C. have taken care to ensure that the
information is accurate to the best of their knowledge.
Any potential investor should take advice from an advisor
who is authorised and regulated by the FSA.
Further information re: Community Interest Companies can
be obtained from the regulators website here.
..::..
Eastbourne Borough Football
Club CIC Shares Application Form Available (Here)
