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 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 above.
(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.
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