Save Football in Peacehaven

COMMUNITY SHARES OFFER

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Peacehaven & Telscombe Community FC isseeking to raise £35,000 to ensure the long-termsustainability of the football club. We aim toachieve this through a community share offerthat will open on 5th May, 2016, and run until30th June, 2016.

We are offering an opportunity to investin a club which can bring together the localfootball community. The club is not interested ina model where we chase success with a budget wecannot afford. Instead we are interested in

H Opening up the ownership of the club to communities.

H Bringing together the football clubs of Peacehaven and Telscombe.

H Reconnecting and broadening the fan base.

H Increasing community engagement and worthwhile social impact.

H Transforming the club’s commercial performance.

H Ensuring that our fantastic facilities are used by children from five years to play football and have a pathway into adult football regardless of ability.

H Creating a great social hub at The Sports Park.

We believe this will deliver a strong, successfulclub ready to benefit future generations of

Peacehaven and Telscombe residents. We areseeking a minimum investment of £100 but hopethat individuals who are able will invest £1,000or more otherwise the project cannot continue ascommunity owned. The maximum amount youcan invest is £5,000.

To be a member of the new community footballclub an annual membership fee — £10 for adultsand £5 for under 16-year-olds — will be payable.

Those buying community shares willautomatically become members. You will needto pay the annual membership fee to retainmembership, unless you invest £1,000 or moreand then you will become a life member.

The money raised through this share offer willprovide the resource to clear some historic debtand provide the working capital for the club todevelop a sustainable future.

We see this as key to creating a facility whichwill be a hub for community activity. We want todevelop wider use of the clubhouse by communitygroups and provide opportunities for youngpeople, of all abilities, to engage in football anddevelop life skills.

We feel that maintaining a first teamrepresenting the club at the top of the localfootball pyramid is important, providing a routefor young players to achieve their footballingambitions.

However, it is vital that the whole club,including the first team, is operated on afinancially sustainable model.


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Summary

We see this as a unique opportunity to mergethree Peacehaven and Telscombe clubs —Peacehaven & Telscombe FC, PeacehavenUnited and Peacehaven Youth — for the benefitof our community.

By pooling our knowledge, experience, volunteersand enthusiasm we believe we can providefootball for all for many years to come. Whilewe intend this club will be about much more thanthe first-team results, we will always recognisethe positive effects a successful team can have onthe community and inspire young players.

Peacehaven & Telscombe FC has been anintegral part of the local community since 1923.The club won the Sussex County premiershipa record eight times and recently experiencedunprecedented glory when it achieved promotionto the Ryman League South Division in 2012/13.

The following season the club won promotion tothe Ryman League Premier Division and wascrowned Sussex Senior Cup winners. The clubwas relegated from the Ryman Premier Divisionin 2014/15 and from the Ryman League SouthDivision in 2015/16.

The club’s success resulted in the need to upgradethe ground to meet league standards. Thisand investment in the first-team squad hascontributed to the club now being in debt.

Peacehaven United was formed 28 years ago andstarted out in the Brighton Football League.Under Mark Shutt the club has experienced itsmost successful period which cumulated in itbeing crowned Mid Sussex Premier Leaguechampions last season. Ex-professional players tohave worn the United shirt include Izzy Iriekpen,Clement James and Glenn Burvill.

Peacehaven & Telscombe Youth currently operates16 teams in age groups from under-7s tounder-16s. It organises weekly FA-qualifiedcoaching sessions for more than 300 children whoall compete in the Sussex Sunday League.

Last season all but one Meridian Athletic teamjoined the club so its young players could takeadvantage of the club’s resources and facilities.Professional players who started their footballwith Peacehaven Youth include MatthewWiltshire, Mike Ring, Paul Ifill, Darren Webb,Connor Tighe, Cameron Wiltshire and KerryMayo.

By combining these three existing local footballclubs, we create one community-owned footballclub — Peacehaven & Telscombe Community FC.This new community sports club will work for thebenefit of the communities and be an umbrellabody for local junior and youth football byproviding routes for young players to progress

within football and develop their life skills.

So many football clubs at all levels rely on awealthy benefactor to ensure their viability butwhen that goodwill ends clubs are in danger ofplummeting faster than they rose.

We want to join a growing group of clubs thatbelieve their biggest strength is being unitedunder the banner of community ownership, whereone member has one vote and each person has anequal say in the running of their club.

For community ownership to work, Peacehaven& Telscombe Community FC has to be runsustainably and not be dependent on individualsto subsidise it. That’s not to say we don’t want awinning club but we want it to be a sustainablewinning club!

Currently the club is unincorporated with noopen membership. This means that with noseparate legal existence contracts must beentered into by individual committee members,which can put them at risk.

It also means that with no open membership it isdifficult to achieve the same level of buy-in fromthe community, who have no say in how the clubdevelops.

To help address these points we have set up aCommunity Benefit Society (CBS) Peacehaven& Telscombe Community FC registered underthe Co-operative and Community BenefitSocieties Act 2014 in preparation for this shareoffer.

If we can generate enough financial support forthe club to become a CBS, we will have a moresuitable legal and governance structure to build aclub for the future.

Once we have hit the target of the share offerwe will open up an affordable annualmembership to the community but we need toreach our community shares target firstotherwise we cannot move forward.

As a CBS, we would operate on the basis of ‘onemember, one vote’, providing a vehicle for thedemocratic community ownership of Peacehaven& Telscombe FC.

The rules of the CBS provide an ‘asset lock’ thateffectively prevents the disposal of Peacehaven& Telscombe Community FC’s assets, includingthe football club, for private benefit.

We are fortunate to own our clubhouse andstands. The town council owns the pitchand we have 15 years remaining on the lease.


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Meet the clubs

Peacehaven & TelscombeCommunity FC

Our long-term goal is to

H Have competitive and sustainable men’s football teams within the Southern Combination League and the Mid Sussex leagues.

H Put in place a long-term plan to return to the Ryman South League.

H Offer excellent coaching and a safe environment for children aged four to 18 to play football in Peacehaven.

H Be at the heart of the local community by growing a hub of activity based from the clubhouse and serviced by an active membership of local people.

We believe it will be easier to achieve these goalswith a new ownership structure. We want tobroaden the base of investment and participationin PTFC, enabling more people, organisationsand businesses to invest in the future of thefootball club. In turn, this will assist the club tobecome financially sustainable over the longerterm.

Through this community shares issue we willreinforce PTFC’s place as a community asset thatengages local people and delivers genuine socialimpact.

As a solvent and sustainable community-ownedclub, located in our own stadium, PTFC will bebetter placed to deliver community developmentprogrammes based upon partnerships withcommunity organisations, charities, educationbodies, sports and social clubs and the localauthority.

Ensuring community ownership and the mergingof PTFC, PTFC Youth and Peacehaven United FC

Our long-term vision will set targets for afirst-team squad of players who have comethrough the club’s youth structure. In the shortterm we want quality local players who cancompete at county level while we rebuild the club.

We have already appointed an under-18smanager and this team have been entered intothe Southern Combination Youth League. Thesenior team will compete in the SouthernCombination Premier League with the Reservescompeting in the Mid Sussex Premier League anda further team in the Mid Sussex Division 4League.

Engaging local people to develop a loyal fan baseand sustainable future income

Football is nothing without its supporters.Community ownership means supporters havethe opportunity to create a better match-dayexperience while also benefiting from theskills and capabilities within its supporterbase.

We want to reach out and show how we are afriendly and welcoming neighbour and grow ourmembership and number of volunteers.

Engaging local businesses, charities and government

Build on the existing commercial performance toexpand new sponsorship and advertisingpropositions and introduce a broad spectrum ofnew businesses to PTFC.

We also want to actively promote the healthbenefits of football to the local communities andbelieve we will have a better chance of securingother partnership funding for projects under theCBS model.

We know that many clubs at our level live on ahand-to-mouth existence which makes planningfor the future extremely difficult.

We want to give the new model of ownershipthe right platform to start from and havethe resources to be able to plan effectively.

Therefore before we embarked on this shareoffer we engaged Supporters Direct to performa financial review of Peacehaven & TelscombeFC. A summary of that report can be found atwww.peacehavenfc.co.uk.

SD was able to work closely with the currentcommittee to understand the financial position ofthe club and to negotiate and come to agreementon liabilities if the CBS was to go ahead.

That work gave us a target to raise of £35,000from the community share offer.

Initially the money raised will help us improveoperating cash flow, restructure debt and payhistorical liabilities.

The money will also provide us with adequateworking capital. That way the club will havea fresh start and not be hampered by historicaldebts.

We have set a maximum of £65,000 and if wewere to achieve that target we would be able toclear all historic debts now, thereby improvingour operating cash flow.


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What are we tryingto achieve?

How are we goingto achieve this?

What will the moneybe used for?

Historically it has been a challenge for the club torun on a break-even basis. It has relied ongenerous benefactors to ensure its survival.Under the ownership of a Community BenefitSociety we need to ensure income is higher thanexpenditure. In recent years the club hashistorically made losses.

Working closely with some of the existing Boardmembers the Interim CBS Board, which isfortunate to compromise two charteredaccountants, has produced a budget for 2016/17which projects a net surplus from trading of£13,090. Much of the expenditure is based onfigures from last season and the income targetsare realistic and achievable. The budget can beviewed online at www.peacehavenfc.co.uk.

This budget includes meeting the schedule ofrepayments that we have agreed with those whowill still be owed money after the share offerreaches its target. If we exceed the target, we canclear some of this historic debt earlier.

Some of the biggest income targets involvingsponsorship have already been secured on theunderstanding that the club becomes communityowned. However, there is more to do.

We have put together a range of sponsorshippackages that will suit local businesses, whatevertheir size. We will be looking to increase venuebookings and increase club and community socialevents.

We will be working hard to keep expendituredown and will shop around for the best deals onour major expenditure such as electricity andinsurance. We believe that our financialprojections are conservative and that there areways to increase our income and cut our costs byutilising the community ownership model as abusiness advantage.

This is something other community-ownedclubs have been able to achieve — more detailsand case studies can be viewed online atwww.supporters-direct.org.

We will be committed to sound financialmanagement and as a community-owned club,any surplus will be reinvested into the club. Ourcurrent financial projections show that we canclear historic debts within three years.

If that is achieved, it will enable the Board, inthree years’ time, to consider any requests forrepayment of community shares.

More information about historic liabilities andprojected financial performance under this newmodel of ownership can be found in the support-ing documents at www.peacehavenfc.co.uk.


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Projected financialperformance for season2016/17 and beyond

The share offer will open on 5th May, 2016, andrun until 30th June, 2016. We have set theminimum investment at £100. We accept thatthis is still challenging for some but with sucha small window and a lot to raise we need tostretch people otherwise our chance forcommunity ownership will pass.

In reality if the bid is to succeed, we will needthose with deeper pockets to invest more than theminimum and would encourage those that canafford it to consider investing £1,000 or more.

We have set the maximum amount that anyonecan invest at £5,000.

Whatever people invest they will not have morethan one vote. The ongoing success of the clubwill be built on the goodwill of as manyindividuals as possible coming together as equals.

What happens if you do not reach the target?

If we don’t reach our £35,000 target, then yourmoney will be returned.

If we are able to meet any shortfall with fundsfrom other sources, we may come back to you inorder to request that the Interim CBS Board useyour funds in support of an alternativearrangement to achieve the outcome of movingthe club into community ownership.

You will be in no way obliged to agree to anyalternative arrangement.

The upshot for Peacehaven & Telscombe FC isthat the future of the club would be uncertain,and the football umbrella bringing PeacehavenYouth and Peacehaven United together would beunlikely to happen until that was resolved.

Why have you set a maximum?

We have set the maximum for this share offer of£65,000 because this is the amount that wouldclear all historic debts. Share applications will berecorded on a ‘first come, first served’ basis andthe offer will be closed if we reach the maximumfigure.


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How does it all happen?

The Interim Board members of the proposed newcommunity football club, Peacehaven &Telscombe Community FC, are all local peoplecommitted to developing a football club at theheart of the local community.

Jez Avens

Jez is deputy managing director for RicherSounds PLC, which is the largest independenthi-fi and TV retailer in the country.

He is chairman of Peacehaven Youth and hasbeen a coach/manager with them for more thanten years. There are currently more than 300young people learning not just with their footballskills but more importantly learning valuable lifeskills through playing football.

Clive Blunt

Clive owns a small local building company andhas been involved with Peacehaven & TelscombeFC since the age of 16, playing for under-18s,Reserves and on a rare occasion appearing on thefirst-team bench. He also played for PeacehavenUnited for seven years and captained them to theSussex Junior Cup Final.

He has been a coach at Peacehaven Youth formore than 11 years and currently manages twoteams consisting of more than 25 boys.

Mike Bradbury

Mike owns a local teaching supply agency, SussexTeachers. It has been trading successfully since2007. He has worked in this area of business forthe past 16 years, previously working for aninternational FTSE 100 recruitment company.

Mike is a PTFC season ticket holder and currentcoach of an under-7s and under-11s team forPeacehaven Youth. He dedicates his weekendsteaching more than 40 children how to playfootball.

Ian Brown

Ian is a chartered accountant with nearly 18years’ experience spread across roles in practiceand industry in a variety of sectors including aprofessional football club.

He started out as a manager and treasurer ofMeridian Athletic five years ago and came acrosslast year to give his team access to the betterfacilities and prospects Peacehaven Youth offers.

Steve Davies

Steve runs a small manufacturing company inNewhaven making bespoke weighing systemsand a service and calibration service companybased around Surrey.

He was chairman of Telscombe-based Meridian


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Meet the people

Athletic for three years and has coached juniorand youth teams since 2009. Currently Steve isvice-chair of Peacehaven Youth and is aregular supporter at Peacehaven & TelscombeFC. He has a passion for youth ‘football for all’and footballing opportunities after youth football.

Sue Knevett

Sue has been involved with Peacehaven&.Telscombe Youth for more than 15 years,performing numerous roles within the club. Shecurrently holds the vital and time-consuming roleof club secretary.

For the last four years she has also been adedicated member of the club’s main committeeand on first-team match days can be seen in thekitchen providing food for fans, teams andofficials.

Dan Norwood

Dan works in customer service for a large utilitycompany. He has been involved with localfootball since the age of seven, first withPeacehaven Youth and later PeacehavenReserves. He has been a passionate supporter ofPeacehaven & Telscombe FC for many years.

He is now assistant manager and goalkeepingcoach for Peacehaven United.

Sue Norwood

Sue is employed full time by a large utilitiescompany where she is a functional businessarchitect, with responsibilities to review and signoff technical system documentation.

She has been involved with Peacehaven& Telscombe FC for 35 years where she has beensecretary of the club, a committee member,volunteer working in the kitchen and bar,treasurer of the youth section and more recentlythe acting chair of the club.

Sue is passionate about ensuring thatPeacehaven & Telscombe FC develops asustainable future.

Phil Merry

Phil runs his own media marketing business,Focus Media, and previously worked for theBrighton Argus, the Daily Mail and The Mail onSunday.

He has lived in Peacehaven since 1983 and as ayoung footballer played for Luton Town andBedford Town. He also played as a full-timeprofessional footballer in the Hong Kong FirstDivision.

Phil edits and produces content for the club’swebsite under the pseudonym of Pitchside View.

He contributes a monthly column on behalf of theclub to Peacehaven Directory and manages mediarelations for the club.

Dan Palmer

Dan is the club’s social media correspondent,running the club’s official Twitter and Facebookaccounts and ensuring that Peacehaven andTelscombe fans can stay in touch, wherever theyare in the world.

He is also chairman of the 1923 Supporters Club,founded in 2015 to help the club raise funds.

Mark Shutt

Mark is the head coach of football at theUniversity of Brighton, Eastbourne Campus. Hefirst played for Peacehaven Youth and later wenton to play for Peacehaven United, where he iscurrently player/manager.

Phil Woodgate

Phil is a chartered accountant and runs his ownaccountancy practice in Peacehaven — WoodgateAccounting Services. He did his training withGrant Thornton and then spent 15 years workingin industry, ending up as finance director of anaward-winning, multi-million pound turnoverbusiness.

He is currently the treasurer of PeacehavenYouth.


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Step One: Interim Board

For the first season, an Interim Board ofPeacehaven & Telscombe Community FCCommunity Benefit Society will ensure a smoothtransitional period while the new governancestructure is set up.

The Interim Board will include existingcommittee members of Peacehaven & TelscombeFC, Peacehaven Youth and Peacehaven United.We seek to retain as much existing talent andexperience from the existing clubs as possible.

We would aim to quickly build up a large pool ofmembers during the first season, including thebulk of the existing supporter base, which willpave the way for the first election.

Step Two: Elected Board

Members of the newly created Peacehaven& Telscombe Community FC CBS will elect aGoverning Board for Peacehaven & TelscombeCommunity FC at the end of the 2016/17 season.

Any member will be able to put themselvesforward for election to the Governing Board,which will be responsible for the overallperformance of the club.

They will exercise all the powers of the club apartfrom those that they may choose to delegate, orare reserved to the members under the club’srules. They can also make direct appointments toensure diversity and a breadth of skills. Theywould represent and would be responsible to themembership.

The Governing Board may delegate responsibilityto manage the day-to-day running of the club toan operational team which would report back to

the Governing Board to ensure that they arefully supported and working to the budget.

Following the first election, in line with the newCBS rules, subsequent years would see a third ofthe Board places being made available each yearto ensure the right balance between continuityand opportunity. The Governing Board will reportback to the membership but will rely on helpfrom members to make the club a success.This is about opening up the club to the widercommunity.

Members’ powers

The members would own the club on a ‘onemember, one vote’ basis. Sounds like chaos?Well, democracy is vibrant and we would notwant it any other way. But there will bemeasures in place to ensure stability.

In particular, some decisions will be delegatedto the elected Board and we will benefit from astrong tried and tested set of rules that areused by more than 50 other community-ownedsports clubs. These can be viewed online atwww.peacehavenfc.co.uk.

If members really don’t like what they see, theycan propose new ideas and challenge the electedBoard. The most fundamental decisions facingthe club will require a greater majority ofmembers to vote and turn out before the Boardcan make a decision.

Remember — this is not fantasy football.Members will not be able to pick the team orsack the manager at a whim. Members areresponsible for looking after the long-terminterests of the club.

There will be opportunities to contribute on aday-to-day basis via a range of practicalvolunteer working groups. Everyone will haveidentified roles and responsibilities, and each willbe accountable to their fellow members.


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What does communityownership actually look like?

Community shares are designed to balance socialand community aspirations with hard businesslogic — to give people the chance to invest in thesocial outcomes they want without simply makingcharitable donations.

Community shares are designed to be repayable.Where the club makes a surplus, holders ofcommunity shares can request repayment andthere is the potential of modest interest at thediscretion of the Board.

In particular

H The shares are withdrawable in the future, at the discretion of the Board, if the club can afford it.

H The shares can pay a small amount of interest (up to two per cent over Bank of England base rate), which would be added to your share account each year, at the discretion of the Board (i.e. if the club can afford it).

H We are seeking tax relief for individual investors as part of the Social Investment Tax Relief (SITR) Scheme. This means that, subject to your personal circumstances, you can claim up to 30 per cent of your investment against your income tax return.

Supporters Direct, which is supporting us withthis share offer, has been successful in achievingthis for other clubs in the past. The process ofsecuring SITR from HMRC can take a numberof weeks, so we will keep people updatedduring the offer period as to whether we havebeen successful or not.

If we reach the target and the offer proceeds, thefollowing benefits will apply

PERSONAL SHARE INCENTIVE SCHEME

Community share option — £100 to £999

H £1 shares to the value of the investment will be issuedH Community share certificateH One year’s membership/owner of the community club (thereafter £10 a year)H 30 per cent SITR tax rebate (if eligible)

Lifetime membership option — £1,000 to £5,000

H £1 shares to the value of the investment will be issuedH Community share certificateH Life membership of the community clubH Two season tickets for the upcoming 2016/17 seasonH Name listed on new permanent Roll of Honour in the clubhouse and websiteH Name printed on main stand seat

H 30 per cent SITR tax rebate (if eligible)

BUSINESS SHARE INCENTIVE SCHEME

Community share option — £100 to £999

H £1 shares to the value of the investment will be issuedH Community share certificateH One year’s membership/owner of the community club (thereafter £10 a year)

Lifetime membership option — £1,000 to £1,299

H £100 of community sharesH Community share certificateH Life membership/owner of the community clubH Two season tickets for the upcoming 2016/17 seasonH Business name listed on new permanent Roll of Honour in the clubhouse and websiteH Business name printed on a main stand seatH Listing in every home programme for 2016/17 seasonH Website sponsorshipH Social media partner

Lifetime membership and sponsor option— £1,300 to £5,000

H £100 of community sharesH Community share certificateH Life membership/owner of the community clubH Two season tickets for the upcoming 2016/17 seasonH Business name listed on new permanent Roll of Honour in the clubhouse and websiteH Business name printed on a main stand seatH Website sponsorshipH Social media partnerH Listing in every home programme for 2016/17 seasonH 20ft x 2ft 6in advertising board located on the pitch perimeter


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So what’s in it for me?

Are there any restrictions on the paymentof interest?

No interest will be paid during the first threeyears in order to help the club build its activities.

When can I apply for the return of my investment?

No withdrawals will be allowed for the first threeyears to enable the club to utilise the funds raisedto build the business and ensure thatinvestments are compliant with the SITR scheme(should we be successful in securing it). FromYear Three requests to withdraw will beconsidered by the Board in order of receiptsubject to the conditions set out in the share offerdocument.

While it is our intention to develop sufficientfunds to enable individuals to receive a return ontheir investment, no guarantee can be given thatthe sum you invest will be returned.

Can anyone buy a community share?

Yes. Technically you must become a memberof the new Peacehaven & Telscombe FCCommunity Benefit Society (CBS), which meansyou agree to the rules which are hosted atwww.peacehavenfc.co.uk to buy shares but youwill be able to apply for this at the same time aspurchasing community shares. (As indicatedearlier, we will not be launching the annualmembership until we hit our target as we want toknow that there is enough financial support forthe CBS to take control).

Also, the offer set out in this document is onlyopen to UK residents. If you live abroad andwould like to invest, please contact us separately.

Is there any minimum age limit on buying shares?

You must be aged 16 years or older to be a fullvoting member of the CBS (and therefore able topurchase community shares).

However, we are aware that people may want tobuy shares for their children or grandchildren.

If you are investing money for someone under theage of 16, you need to complete a form that isavailable at www.peacehavenfc.co.uk.

Can organisations/companies subscribe forcommunity shares?

Yes. A representative of that organisation willneed to become a member of the CBS as nomineefor their organisation/company.

So what will happen to my money?

When we receive payment we will send you anacknowledgement within five working days. Yourdeposit will remain in a dedicated bank account.

The bank account will have three signatories andthese individuals will ensure that the money isheld securely. The signatories to the account arePhil Woodgate, Phil Merry and Dan Palmer.

If, and only if, we reach the target of £35,000 by30th June, 2016, will your money be convertedinto the appropriate number of communityshares.

You will receive notification that the transferhas been confirmed and a personalised sharecertificate will follow within 30 working days.

Your funds will then be used in line with thepurposes laid out in this offer document.

Progress/reporting

Progress reports to all those supporting thescheme will be issued as and when appropriate.If we do not reach our target of £35,000 by 30thJune, 2016, we will be in contact with youthrough your preferred method of communicationwithin ten working days.

What about the football authorities?

We will need to seek approval from the league,county FA and the FA for the club to become aCBS. We have made them aware of our plans andare confident that there will be no problem intransferring the membership of the club if wemeet our target. We will work closely withSupporters Direct, which has a great deal ofexperience in helping clubs through this process.


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Additional detailsof share offer

The information provided in application formswill be dealt with in accordance with dataprotection legislation and will not be disclosed toany third party except for the purpose of runningthe share offer, for preventing crime, to thepolice if required by law, to any relevantregulatory authority if required by law, or withthe permission of the person concerned.

Applications will be processed in the order inwhich they are received and may be accepted orrejected at the absolute discretion of the InterimBoard of the CBS. Any application rejected willbe returned to the applicant together with acheque for application monies received withoutinterest.

What am I committing to?

By completing and delivering an application formyou, as the applicant

H Offer to acquire the number of community shares in Peacehaven & Telscombe Community FC CBS specified in the form on the terms and subject to the conditions set out here and in the offer document and subject to the rules of Peacehaven & Telscombe Community FC CBS.

H Confirm that in making the application you are not relying on any information or representations other than those contained in the offer document and this application form, and agree that no person shall have any liability in connection with your application for any information or representation not contained in the offer document and application form.

H Peacehaven & Telscombe Community FC CBS accepts responsibility for the information contained in this document. To the best of the knowledge of the Peacehaven & Telscombe Community FC CBS (which has taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts and contains no omission likely to affect its substance.

An annual membership fee will be payable.This will be set at a low level to encourage alarge, diverse membership.

Initially the membership fee will be £10 foradults and £5 for under 16-year-olds.

The full rights, role and responsibilities ofmembers are set out in the rules of the CBSwhich are available at www.peacehavenfc.co.ukbut the following points relevant to thecommunity share offer are drawn to yourattention

H In the event that a member fails to renew their annual membership, and they have purchased community shares, these funds will remain invested in the scheme until a request to withdraw is made in line with the process outlined for members.

H By not renewing your annual membership fee, you may cease to be entitled to member benefits, including your equal voting share in the CBS.

Those who invest £1,000 or more will becomelife members of the CBS and will not be requiredto pay an annual membership fee, and thosethat invest between £100 and £999 during theoffer period will have their first year’s annualmembership included.


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What will happen tothe personal informationI provide?

Membership


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You can find all of the following supportingdocuments at www.peacehavenfc.co.uk or byapplication to Mike Bradbury, 63 AmblesideAvenue, Peacehaven, BN10 7LN [email protected]

H The proposed constitution of Peacehaven & Telscombe Community FC CBS.

H FAQs to provide more detail as to how the scheme will work.

H More information about community shares and how they have been successful at other football clubs.

H Information on the Social Investment Tax Relief Scheme.

H A financial summary of the club including financial projections for Peacehaven & Telscombe Community FC CBS for season 2016/17.

H More information about the three clubs coming together under the banner of community ownership.

H A summary of the SD financial review of the existing Peacehaven & Telscombe FC.

This document contains certain forward-lookingstatements that are subject to certain risks anduncertainties, in particular statements regardingPTFC’s plans, goals and prospects.

The CBS’s actual results and operations coulddiffer materially from those anticipated in suchforward-looking statements as a result of manyfactors including the risks faced by the CBSwhich are described in this section and elsewherein this document.

These statements and the assumptions thatunderlie them are based on the currentexpectations of the Interim CBS Board and aresubject to a number of factors, many of which arebeyond their control. As a result, there can be noassurance that actual results will not differmaterially from those described in this document.

Our share offer is exempt from the FinancialServices and Markets Act 2000 or subsidiaryregulations. This means you have no right ofcomplaint to an ombudsman. A CommunityBenefit Society is registered with but notauthorised by the Financial Services Authorityand therefore the money you pay for your sharesis not safeguarded by any depositor protectionscheme or dispute resolution scheme. As thewhole of what you pay could carry a risk, pleaseconsider it carefully in the context of the complete

share offer document, and if needed, seekindependent advice.

On the solvent dissolution or winding up of PTFCholders of the shares will have no financialentitlement beyond payment of outstandinginterest approved by the Board and repayment ofpaid-up share capital.

Supporters Direct (SD) is the leadingorganisation developing and promotingcommunity-owned sports clubs. SD is aCommunity Benefit Society owned by itsmembers, the supporters’ trusts orsupporter-owned clubs that it has helped create.

The SD club development consultancy hasco-ordinated, or advised on, every communityshare offer involving football clubs, helping toraise more than £6 million since 2013.


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Community Shares MarkThe Community Shares Standard Mark is awardedby the Community Shares Unit to offers that meetnational standards of good practice.

For more information about community shares, theCommunity Shares Standard Mark and the Communi-ty Shares Unit go to www.communityshares.org.uk.

Supporting documents

Contingencies and risks

Supporters Direct

Please complete the following form. By signing it you confirm that you have read the entire offer documentand accept the terms set out there. When you have completed and signed the form please send it to MikeBradbury, 63 Ambleside Avenue, Peacehaven, BN10 7LN.

If you wish to buy, you must either enclose a cheque for the value of shares made payable to 1923 Club PTSCor make a bank transfer to NatWest Bank, sort code 60-16-41, account number 83113444.

Please quote your full name as a reference so that your payment can easily be linked to your application forshares.

Your payment must come from a UK clearing bank account in your name and you must complete this formwith your full name, address and date of birth.

Full name ………………………………………………………………………………….……………….….………………

Address …………………………………………………………………………………………………………………………

……………………………………………………………………………………………….….….………………….…………..

………………………………………………………………………………………………….….…………..…………………..

Date of birth ……………………………………

Telephone ………………………………………………………………………………………

Email ……………………………………………………………………………………………

Please confirm that you wish to join as a member by ticking this box. (If you do not, you cannot invest in theshare scheme.) [ ]

Members investing £1,000 or more will be entitled to free lifetime membership. Members investing£100 — £999 before 30th June, 2016, will be entitled to a year’s free membership.

We aim to provide as cost efficient a service as possible for members and we aim to protect the environment.For these reasons our preferred method of communication is via email.

Tick this box if you do not wish to receive information by email. [ ]

I would like to buy community shares to the following value (minimum £100) £……..…

Should interest be payable on my community shares I would like to receive the following rate above Bank ofEngland base rate

None

1%

2%

(If interest is paid, additional monies will be added to the share account of the individual)

I would like to be considered for the Social Investment Tax Relief Scheme

Yes

No

Signed ………………………………………….….….…... Date ……………………………

If you wish to buy shares for someone under the age of 16 or on behalf of a business, you need tocomplete a separate form which is available at www.peacehavenfc.co.uk


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Pictures: Focus Media and Patrick Kneath PhotographyDesign: Chandler Editing & Writing

Application form for community shares

Date post:	08-Apr-2017
Category:	Sports
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