Friends of the Joiners Arms Community Shares Offer

by Amy (Friends of the Joiners Arms) in London, Greater London, United Kingdom

£33,727

£100,000 target 27 days left
33% 604 investors
This project will only be funded if at least £100,000 is pledged by 2nd August 2022 at 10:37am

Friends of the Joiners Arms is aiming to raise £100,000 in Community Shares to open the UK's first community run LGBTQI+ venue!

by Amy (Friends of the Joiners Arms) in London, Greater London, United Kingdom

Long Live Queer Spaces

Friends of the Joiners Arms is aiming to raise £100,000 in Community Shares! We’re crowdfunding to:

  • Finance the opening of the UK's first community run LGBTQI+ venue 
  • Expand the membership of our Community Benefit Society
  • Collectively evolve our community run LGBTQI+ venue

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“I'm so proud to share the work we've done to turn this utopian idea into a real space - one that can survive as a viable business, will create opportunities for queer people to work, perform, create, socialise and just 'be' on their own terms.” - Amy Roberts, Chair Friends of the Joiners Arms

Prinx Silver performing at Lèse Majesté, in a powerful pose making fists and shouting (probably something like: Long Live Queer Spaces!). They are wearing a black top with silver studded clerical collar without sleeves, revealing their muscular tattooed arms.

Our own Prinx Silver, host and performer of Lèse Majesté. Credits: Henri T.


Why we need this

Our vision is to create the UK's first community run LGBTQI+ venue in London. We want a space run by the people who use it, and for the community. A venue that is truly inclusive and accessible. One that inspires us to create truly radical queer spaces.

What do we have to add to the community? Though London has an incredible collection of LGBTQI+ venues, we have lost more than half of our spaces. This has disproportionately affected more marginalised community members, including queer women, trans and non-binary people, people of colour (POC), and disabled and neurodiverse people. Time to change this around! 

With your help we can open a community run LGBTQI+ venue in 2022. A new home for our fabulous Lèse Majesté nights (YES to more Drag Kings and Things!), and a place to collectively realise a fabulous queer space for the community!

Bee'Jamming grinning at the camera while holding an ice cone prop to their head. They are waring a black leather top and teal harness.The fantastic Bee'Jamming performing at Lèse Majesté. Credits: Henri T.

What people say about our events:

“As a trans person it honestly feels like coming home when I go to a space like this, a rare opportunity to feel truly comfortable in London, I’m still buzzing the day after!”

“It felt safe and revolutionary all at the same time.”

“A genuinely supportive and safe community space”


Who we are

Friends of the Joiners Arms (FOTJA) are an award-winning campaign who fought to protect the Joiners Arms on Hackney Road. Our fierce campaign forced the developer to agree to build a LGBTQI+ space. Seven years later and we’re still waiting for our new home. But recently we secured funding for a temporary space! So in 2022, we will open our own LGBTQI+ venue. And a few years later, we will move to our permanent home.    

We envision a LGBTQI+ venue that is truly queer. A space that isn’t about making profit, but reinvests in the community by creating training and employment opportunities. Inclusive by offering a varied programme of day- and night-time events, which showcases the diverse artforms of our community. And accessible, because it has been designed with and for disabled members of our community. 

We already have funding to cover some of the fit-out costs of our temporary location. But a venue needs a business! Now we need help financing the renovation and fit-out of the space, the furnishing, fees for professionals, pre-trading costs and contingency funds. And if we have anything left, a little opening cushion. 

Frank holding their ankle holding their foot to the ceiling, with a theatrical facial expression of surprise and amazement. They are wearing a white shirt, black trousers and a checkered tie.

Frank dropping moves (!) at Lèse Majesté. Credits: Alex Janaszewski.


How it works

FOTJA is a Community Benefit Society (CBS). This means we are run by our members, and that what we do is always in line with our social objectives. A CBS can issue community shares: a withdrawable, non-transferrable equity investment into our CBS. It’s withdrawable because, under certain conditions, you can take your money out of the organisation. It’s non-transferable because you cannot transfer or sell your shares. And it's an equity investment because you buy shares in the organisation. You can read the details of how it works in our Community Share offer Document below.

When you buy shares, you help us raise funds to cover the starting up costs of our community-run business. But you also become a member of our CBS: as a shareholder you get one vote (independent of the number of shares you buy). This means you get to vote on how the community-run business evolves and elect the Management Committee at our AGM.   

Not only do we think a community-run business model is ethical and right for what we envision, community-run businesses also work: 99% of community pubs survive the first five years, compared to 44% for small and medium sized enterprises, according to the Plunkett Foundation. So we’re here to stay!  

Hardik Mistry holding a bag of fake opium, adding the first ingredient to a bowl. They have a large black moustache; their facial expression is somewhat disgusted. They are wearing a colourful suit with prints of Indian tea boxes.It's Hardik Mistry cooking something up at Lèse Majesté. Credits: Alex Janaszewski.

 

Pay-It-Forward Shares

We want to ensure we don't exclude people from membership on the basis of their financial situation. If you would like to become a member of the society, but are on low/no-income or unable to afford a share, please email us at [email protected]

If you are able to afford to invest more, we'd love it if you would consider purchasing a Pay-It-Forward share along with any shares you purchase for yourself. We've created various options to invest, but please contact us if there isn't an option that fits what you want to invest. All Pay-It-Forward shares will be allocated on a first come first served basis once the share sale closes.

Want to check our paperwork

We want to reassure you we are a well-run organisation. Everything you need to know about our share offer is explained in the Share Offer Document, below, and on our website here.

Our CBS is led by a Management Committee, elected at our annual AGM. The Management Committee keeps oversight of the organisation and the venue once it has opened.

Our CBS is registered with the Financial Conduct Authority (FCA): see FCA Mutuals Register, registration no. 7735. 

We are governed by our Society Rules, which are based on the model rules for community ownership by the Plunkett Foundation.

We already have a business plan, and a plan for the move to our permanent home. You can view the Business Plan below, and on our website here. Many experts helped us create the plan, including the Greater London Authority’s Cultural Infrastructure Special Assistance (CISA) programme. We also received a £10K development grant by Co-operatives UK as part of their ‘Boosting Community Business London’ programme.

And we have been awarded the Community Shares Standard Mark and meet national standards of good practice.

Any questions? Contact us at [email protected]


Tax Relief

This share offer is eligible for Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment  Scheme (EIS) which will enable investors to claim between 30-50% of the value of what they invest back against their tax return (provided they are personally eligible). Please see the Business Plan and Share Offer Document for further details.

Please note that Pay-It-Forward shares are not eligible for tax relief.

Additional Investment

Please note that the 'Additional Investment' field can be used to purchase extra shares - please only use multiples of £25 if you are using this field.

Non-UK Residents

If you're not based in the UK, you can still buy shares (or Pay-It-Forward shares) but please be aware that you may not be eligible for tax relief.

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Levels of Investment

£25 or more

Buy A Share!

£25 is the minimum amount you can invest. It buys you 1 share - you can buy as many as you like! Remember, you always get one vote at our AGM, regardless of how many shares you buy. And you receive a fantastic community shares certificate!

£25 or more

Pay It Forward share only!

Buy a share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. You personally won't become a member of the society. This is a great option for allies!

£50 or more

Buy 1 Share + 1 Pay it Forward!

Buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£50 or more

Buy 2 shares!

Double trouble: get yourself two shares! You only get one vote at our AGM, despite your shares couple. We do send you that community shares certificate.

£75 or more

Buy 2 Shares + 1 Pay it Forward!

Get 2 shares and buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£75 or more

Buy 3 Shares!

Everyone loves a thruple: get yourself three shares! You get one vote at our AGM and a lovely community shares certificate.

£100 or more

Buy 4 Shares!

Why buy 1 if you can have 4 shares?! Though you only receive one vote at our AGM, independent of the number of shares you have, get yourself that shares quartet. Which will be stated on your community shares certificate. What a deal!

£100 or more

4 Pay It Forward shares!

Buy shares for others! We will assign these shares individually to people who would like to become a member, but cannot afford to purchase shares (e.g. each person will get one). You personally won't become a member of the society. This is a great option for allies!

£125 or more

Buy 4 Shares + 1 Pay it Forward!

Get 4 shares and buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£250 or more

Buy 10 shares!

10 shares with your name on it! Buy 10 shares, receive one vote at our AGM, and have your own community shares certificate come your way. You know you want it.

£250 or more

10 Pay It Forward shares!

Buy shares for others! We will assign these shares individually to people who would like to become a member, but cannot afford to purchase shares (e.g. each person will get one). You personally won't become a member of the society. This is a great option for allies!

£275 or more

Buy 10 Shares + 1 Pay it Forward!

Get 10 shares and buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£500 or more

Buy 20 shares!

It's in the name babes: buy yourself a fantastic set of 20 shares! Again, no surprises here: you get one vote at our AGM. And a fabulous certificate you can use to prove you're the proud owner of 20 shares.

£500 or more

Buy 10 shares + 10 Pay It Forward!

10 shares with your name on it AND 10 shares for other people! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Fabulous darling.

£525 or more

Buy 20 Shares + 1 Pay it Forward!

Get 20 shares and buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£1,000 or more

Buy 40 shares!

Oh hun, look at you investing! 40 shares, all yours, launching us to our target. Remember: you get one vote at our AGM. Plus your community shares certificate.

£1,025 or more

Buy 40 Shares + 1 Pay it Forward!

Get 40 shares and buy an extra share for someone else! We will assign these shares to people who would like to become a member, but cannot afford to purchase shares. So for each Pay It Forward share sold, you AND someone else receive a share! Plus, both of you have a vote at our AGM and get a community shares certificate. Isn't that nice?!

£2,500 or more

Buy 100 Shares!

Thank you, babes. 100 shares, all for you! You have just got us so much closer to our target. Remember: you get one vote at our AGM. Plus your community shares certificate.

£5,000 or more

Buy 200 Shares

WOW! 200 shares, and a place in the history books. We are one step closer to opening our community-run queer utopia! Remember: you get one vote at our AGM. Plus your community shares certificate.

£7,500 or more

Buy 300 Shares!

Lordy! 300 shares. We are so grateful for your huge help in getting us so much closer to our target. Remember: you get one vote at our AGM. Plus your community shares certificate.

£10,000 or more

Buy 400 Shares!

Unbelievable! You have hit the maximum amount of shares, and given us a stunning 10% of the total we need to raise. Remember: you get one vote at our AGM. Plus your community shares certificate.

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