Your application

The Board do not have to accept your application for shares. They may decide not to issue shares to you or may issue you with fewer shares than you had asked for. They do not need to give a reason for their decision. If membership is approved, a share certificate will be issued within 30 days of the closure of the share offer.

Your payment

Shares are payable in full on application. We will inform you once your application and payment have been received. The Board may cash your cheque as soon as it is received. Cash payments cannot be received. The CBS will hold your funds on trust for you until the Board considers your application. The Board will return your money, or the balance if you are allocated fewer shares than you applied for, within 28 days of the Board meeting at which they make their decision.

If your application is declined or if no shares are issued, for instance if the minimum is not reached and a bridging loan cannot be obtained, then your money will be re-turned when the refund can be processed.

Rules Governing Group Purchases of Shares

Groups of individuals may club together to purchase shares subject to the following
rules.

1. The group must nominate one named individual as the shareholder.
   The nominated person will represent the group as a member of the Community Benefit Society. Joint shareholding is not permitted under our rules.
2. The shareholding must be for a minimum of 500 shares.
3. It will be for members of the group, not the Community Benefit Society, to determine appropriate arrangements to manage their investment, including the following possible situations.
   • What happens if one of the group wants to withdraw their investment.
   • How any eventual interest payment is to be split amongst the group.
   • Redistribution of the asset should a member of the group die. The group may for example wish to establish a rule amongst themselves that the proportion of the shareholding belonging to the deceased has to be bought out by the other group members, or that the death triggers a withdrawal request to the CBS.

Your promises to us:

• You are at least 16 years of age.
• Your cheque or payment will be honoured on presentation.
• You have authority to sign the application form.
• You will supply us with proof of your identity and address if we ask for
  it. We may need this to comply with current Money Laundering Regulations.
• You are resident in the United Kingdom.
• You are not relying on any information or representation in relation to the share offer which is not included in this document.

Dissolution, demutualization, or winding-up

In the case of the solvent dissolution or winding up of the CBS, holders of shares will have no financial entitlement beyond payment of outstanding interest and repayment of paid-up share capital, subject to approval by the Board. Any remaining funds must be given or transferred to such charity or community benefit society as we may nominate from time to time.

Board declaration

The Board, whose details can be found here, accept responsibility for the information contained in this Offer document. They have taken all reasonable care in producing this document and, to the best of their knowledge, have not withheld any facts essential to its understanding.

This offer document was approved by the Board of the CBS on 15th January 2026.

The share offer represented by this document expires on 12th February 2026, unless extended by the Board of the CBS.

© The Bell Inn Iden Community Limited 2025. All Rights Reserved. By Olli Hopkins