Download - Penicuik 19 05_11
![Page 1: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/1.jpg)
The Community is the Currency
Chris Cook
Penicuik 19 May 2011
![Page 2: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/2.jpg)
Enterprise Models are Legal and Financial Structures
01/06/10 2
![Page 3: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/3.jpg)
The unseen plumbing of Society
01/06/10 3
![Page 4: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/4.jpg)
Public = State...
01/06/10 4
![Page 5: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/5.jpg)
...funded by taxes and public borrowing
01/06/10 5
![Page 6: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/6.jpg)
Private = Legal Person: Individual or Company
01/06/10 6
![Page 7: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/7.jpg)
'For Profit' Companies are funded by
shares with par value eg £1.00 - Equity
01/06/10 7
![Page 8: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/8.jpg)
'Not for Profit' Companies are Limited by
Guarantee
01/06/10 8
![Page 9: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/9.jpg)
Financing and funding requires Debt - usually secured by a legal claim eg mortgage
01/06/10 9
![Page 10: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/10.jpg)
...giving two conflicting claims over the same productive asset
01/06/10 10
![Page 11: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/11.jpg)
Or an unequal 'partnership' relationship
01/06/10 11
![Page 12: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/12.jpg)
Scots know it's not a case of 'either/or'
01/06/10 12
![Page 13: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/13.jpg)
'Not Proven' is both...or neither
01/06/10 13
![Page 14: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/14.jpg)
A 'quantum' zone of uncertainty
01/06/10 14
![Page 15: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/15.jpg)
There’s a new legal animal out there
01/06/10 15
![Page 16: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/16.jpg)
There are now over 60,000 UK Limited Liability Partnerships (LLP)...
01/06/10 16
![Page 17: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/17.jpg)
...even in the Public Sector, where Glasgow has five municipal LLPs
01/06/10 17
![Page 18: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/18.jpg)
An LLP is a corporate body with limited liability....
01/06/10 18
![Page 19: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/19.jpg)
...and...errrr...that’s it !
01/06/10 19
![Page 20: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/20.jpg)
As far as the Tax Man is concerned it is a Partnership
01/06/10 20
![Page 21: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/21.jpg)
LLPs are being put to very interesting uses
01/06/10 21
![Page 22: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/22.jpg)
Capital Partnership
CustodianCustodian
InvestorsInvestors
UsersUsers
Managers
% %
£
01/06/10 22
![Page 23: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/23.jpg)
Equity Shares - % age shares in revenues or production...
01/06/10 23
![Page 24: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/24.jpg)
Units - redeemable in payment for production
01/06/10 24
![Page 25: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/25.jpg)
Example: “The Art of Flirting” – a film incorporated as an LLP
01/06/10 25
![Page 26: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/26.jpg)
The actors received nth’s of the gross revenues
01/06/10 26
![Page 27: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/27.jpg)
I got 5%...and the producer the rest...
01/06/10 27
![Page 28: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/28.jpg)
But we needed lights, cameras, pizza, coffee
01/06/10 28
![Page 29: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/29.jpg)
Two Capital Partners invested £10k for 20% of revenues
01/06/10 29
![Page 30: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/30.jpg)
If there are any
01/06/10 30
![Page 31: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/31.jpg)
Art of Flirting Partnership
CustodianCustodian
Financial Capital(Investors)
Financial Capital(Investors)
ViewersViewers
Human Capital(Actors, Producer, Me)
% %
£
01/06/10 31
![Page 32: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/32.jpg)
The Capital Partnership aligns stakeholder interests....
01/06/10 32
![Page 33: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/33.jpg)
...but it’s not a magic bullet
01/06/10 33
![Page 34: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/34.jpg)
Conventional finance requires binding contracts
01/06/10 34
![Page 35: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/35.jpg)
Partnership finance requires consensual agreement
01/06/10 35
![Page 36: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/36.jpg)
But there may be no magnetism..
01/06/10 36
![Page 37: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/37.jpg)
...or partners may fall out...
01/06/10 37
![Page 38: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/38.jpg)
A Capital Partnership is not an Organisation
01/06/10 38
![Page 39: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/39.jpg)
...it does not own anything, do anything, employ anyone, or contract with anyone...
01/06/10 39
![Page 40: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/40.jpg)
...it is simply a framework within which the stakeholders self organise ...
01/06/10 40
![Page 41: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/41.jpg)
Community Partnership
CustodianCustodian
InvestorInvestor
UserUser
Manager
% %
£
01/06/10 41
![Page 42: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/42.jpg)
An associative framework agreement for community projects or events
![Page 43: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/43.jpg)
Agreement between stakeholdersIndividually
![Page 44: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/44.jpg)
How does it work?
01/06/10 44
![Page 45: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/45.jpg)
Custodian – asset-holder and steward
01/06/10 45
![Page 46: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/46.jpg)
Company Limited by Guarantee
01/06/10 46
![Page 47: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/47.jpg)
Collective agreement between all Stakeholders
01/06/10 47
![Page 48: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/48.jpg)
User - a Club or Association
01/06/10 48
![Page 49: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/49.jpg)
A Club is Closed because only members have access....
01/06/10 49
![Page 50: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/50.jpg)
...but also Open because anyone consenting to club rules may join
01/06/10 50
![Page 51: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/51.jpg)
Manager – gets things done....
01/06/10 51
![Page 52: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/52.jpg)
...and agrees who does what
01/06/10 52
![Page 53: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/53.jpg)
Community Partnership
CustodianCustodian
InvestorInvestor
UserUser
Manager
% %
£
01/06/10 53
![Page 54: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/54.jpg)
Community Land Partnership
CustodianCustodian
InvestorInvestor
OccupierOccupier
Manager
% %
Rental
16/06/10 54
![Page 55: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/55.jpg)
Community Energy Partnership
CustodianCustodian
InvestorInvestor
UserUser
Energy Energy
Energy
ManagerManager
![Page 56: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/56.jpg)
Energy Pool: Community Mega Watts
![Page 57: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/57.jpg)
Or even NegaWatts of energy savings
![Page 58: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/58.jpg)
Community Media Partnership
CustodianCustodian
InvestorInvestor
UserUser
Service Provider
% %
£
01/06/10 58
![Page 59: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/59.jpg)
Networks of Communities are the future
01/06/10 59
![Page 60: Penicuik 19 05_11](https://reader036.vdocuments.us/reader036/viewer/2022062312/553965c0550346e93a8b499e/html5/thumbnails/60.jpg)
Thank You
16/06/10 60