If you like what you see and hear about The Antwerp Arms then there’s an easy and simple way that you can become part of North London’s first Community Pub.
This will directly support your community pub and help us make improvements before Spurs return in 2019. We support vulnerable people in crises, reduce isolation and raise awareness for people with disabilities.
You can even claim a 30% tax rebate on shares tax relief shares
Payment is by cash or card in the pub, by sending a cheque or by bank transfer (Bacs)
A limited number of shares are available to the public. The offer may be closed at any time.
Antwerp Arms Association Ltd Community Shares – A Quick Guide
Benefits
Most shareholders are entitled to claim Social Investment Tax Relief off their Income Tax bill (please see the HMRC website).
If you hold 4 shares, you will be entitled to get interest (see below).
If you hold 10 shares you will get a card to give you a 10% discount off drinks.
Holders of 20 or more shares are Patrons of the Association and are entitled to have a plaque over the bar.
Selling Shares
The Association is not yet in a position to buy back shares. When funds are available, the Committee and the Annual Members’ Meeting will need to approve rules. Shares may only be transferred on death or bankruptcy.
Interest on Shares
If the Association makes a profit in a particular year, the committee may decide to pay interest on the shares. This needs to be approved by the Annual Members’ Meeting.
The maximum interest that can be paid at present would be about 4%. Shareholders may opt not to collect their interest, in which case the money will be used for community purposes.
A dividend of 2.5% was declared for 2016-17 but there was no profit in other years and so no dividend was declared. The accounts for the year to 30 April 2019 will be prepared during the summer.
Rules
Legal details relating to the Community Shares are contained in the Society’s Rules. This guide is based on those rules.
AGM documents below
Sept 2019 AGM agenda and Minutes
2018 AGM Minutes
2018 Formal Notice of AGM
2017 SMM Minutes
2018 AMM Agenda
2018-21 Business Plan
Annual Accounts below