SV have finally published some information on their Town Hall proposals, but only on their Facebook page:
Just to explain as there is an individual who seems to have missed everything we said at our meeting. We intend to become a ‘Charitable Incorporated Organisation (CIO)’ this is fully regulated by the ‘Charities Commission’ and we will have a Board of Trustees. Just like the Hospital League of Friends or say Red Cross we will have a trading arm which will be The Gateway (Community Interest Company). All profits, donations, patronage, legacies etc will be ‘gift aided’ over to the (CIO) and everything is fully Asset Locked….so we cannot runaway and sell it all. The Gateway Community Trust is merely the ‘name’ we have selected for the Charitable Incorporated Organisation. xxx Please share xx
This is clearly in response to my post (read by over 200 people in two days), but it gives much less information. Although they suggest I ‘seem to have missed everything’, they still haven’t found a mistake in my account.
Their post clarifies that the proposed trust would be a Charitable Incorporated Organisation. As described at their meeting, it would appear to be what the Charity Commission calls a ‘foundation’ CIO, ‘whose only voting members will be the charity trustees‘ – in this case the 7 people appointed by Seaton’s Voice.
This is where concerns arise. Unelected trustees would own and control Seaton’s (former) Town Hall. The Charity Commission explains: ‘In practice a CIO using the ‘foundation’ model will be like an incorporated charitable trust, run by a small group of people (the charity trustees) who make all key decisions. Charity trustees may be appointed for an unlimited time and they will probably appoint new charity trustees.’
In other words a self-perpetuating group, unaccountable to the people of Seaton.
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