The Gift Debentures Scheme

The £10 membership scheme by itself was not enough to secure the Shop as a viable enterprise. We therefore devised a gift debenture scheme. This scheme provides a means for members of the community who want to help the shop to provide additional financial assistance in return for a discount on the goods they buy. As at early 2008, we have raised an amazing £35,000 from this initiative - a huge vote of support from our Community!

The gift debentures are sold in units of £100 and and are valid for 5 or 10 years. People who subscribe for up to £1000 of gift debentures will receive 5% off their grocery bills on account for 5 years, and those who subscribe for over £1000 will receive 5% off their grocery bills on account for 10 years. These percentages will be deducted off their monthly bills. At the end of the term, the gift debentures will fall away and the Shop management at the time can propose to the village to renew them should there be the need for additional capital at that time.

The gift debenture scheme remains open. If you would like any further information on these schemes, please contact any member of the management committee, or ask n the shop.

Below you will see a sample debenture certificate, which will be filled in and sent to you on receipt of funds. Your shop account discount will apply from the date of issue of the certificate.

gift debenture scanA

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