Community Benefit Society
As a Community Benefit Society (CBS), Darlington FC Supporters Group are set up for the benefit of their community.
A Community Benefit Society is a registered society that has an asset lock, so that its assets cannot be distributed to its members in the event of a winding up, and surpluses cannot be paid to members by way of a dividend. It has limited liability. A CBS is controlled democractically by its members on a one member, one vote basis, even if some members have more shares than others. It is recognised as a form of co-operative by Co-operatives UK.
Unlike other structures, registered societies including CBSs are exempt from the Financial Services and Markets Act 2000, which means they are able to seek social investment direct from the public in the form of loan stock or community shares.