Published June 2024 (updated October 2024)
 
Thanks to all those whose generous purchase of shares will help us bring the old shop back to life. The share offer closed on October 13, 2024. 
 
Perranwell Community Stores has gone from strength to strength thanks to you, the wonderful residents of our village. We are very grateful to you, whether you became a shareholder, have helped out as a volunteer, or simply support us through your custom. You have all helped make this enterprise something we can be proud of.
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Further details about the outcome of the share offer and our first grand prize draw will be published here soon.
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This was a big new step for our little retail enterprise – the issue of community shares over the summer and early autumn of 2024 to enable us to realise our dream of moving into the former Perranwell Stores building at the heart of the village and to put the governance of it firmly in your hands.
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We opened the Community Stores in a converted container in the car park of the Perran-ar-Worthal Village Memorial Hall in November 2023. Thanks to you, we have not only done a roaring trade but also had plenty of fantastic volunteers to run it.
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Now the new owner of the former Perranwell Stores is giving us the chance to jump to the final phase of our original plan far more quickly than we could have hoped: to put the village shop back where it belongs.
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We have reconstituted the original not-for-profit limited company into a Community Benefit Society. This not only enables us to run the shop in the most tax-efficient way but also to make this a fully collaborative venture by handing ownership over to the community. Throughout we have been advised by the highly respected Plunkett Foundation, which has been supporting community businesses like ours since 1919.
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Our goal is to move back into the original location of Perranwell Stores by the beginning of 2025.
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In June 2024, we issued an initial tranche of shares costing £50 each. The offer closed on October 13. The money raised will support the costs of relocating back to the original shop site and funding a part-salaried shop manager.​
 
Any adult living in the Perranarworthal Parish was eligible to purchase one or more shares (maximum of 10), with each shareholder having only a single voting right regardless of how many share batches they own.
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In addition, the 109 people who originally donated £50 or more to help the Community Stores project get off the ground were each offered a complimentary batch of 50 shares.
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What are the benefits of being a shareholder?
Unlike regular shares, there is no annual dividend with these and you cannot sell them on to third parties. But there are many great reasons why many of you 'grabbed a slice' of our enterprise during this period. Shareholders:
 

• Own their own slice of this valued community asset.

• Enable us to realise the dream of reviving the original village shop.

• Vote for the chairperson, director and a committee member running the venture every two to three years, and make other key strategic decisions about the store at twice-yearly shareholder meetings.

• Choose the recipients of an annual Community Improvement Donation we will make to a worthy village cause.

• Are entered in a twice-yearly shareholders draw to win a cash prizes of £25 up to £150.

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We are so grateful to all those who took this chance to play a part in the future of our community store and are excited as we, the current committee, are about putting this precious village service on a firm foundation for generations to come.
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David Podd (Chairman) and the Committee,
Perranwell Community Stores
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You can read the essential information about the share issue process here.
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