HMRC Advance Assurance for SITR Posted 3rd February 2018
We now have a letter from HMRC confirming Advanced Assurance for SITR
Notice to share purchasers Posted 1st February 2018
We are now proceeding with the purchase of The White Lion subject to contract, to enable us to do this all outstanding cheques will be cashed on Friday 9th February 2018. So please check the funds are in place. Thank you for your wonderful support.
Progress to date Posted 1st February 2018
To date we have raised an incredible £200,000 from the local community and have received £100,000 in grant and loan funding which means we are able buy The White Lion. BUT we still need £20,000 to provide working capital to meet initial running costs. This could be met by loans that have to be paid back, we would prefer to raise the money by share sales or donations.
If you are in a position to buy a share or to increase the investment you have already made please:-
Email: [email protected]
or fill in and return a shares application form. These can be collected from the bar at The White Lion or downloaded from this website.
Notice of Public Meeting Posted 9th January 2018
A public Meeting will be held on Thursday, 1st February 2018 at 7pm in Ash Village Hall.
Share Purchasing Posted 9th January 2018
The committee have extended the share sales period to 31st of January 2018 to allow for outstanding pledges to be honoured and for share purchasers to take further advantage of the generous tax arrangements.
Ways to Pay
As we move into the third week of our share offer we are starting to receive monies from many of you either through BACs payments into our bank account or by you letting us have a cheque. Many thanks to all of you who have already given your money.
We have now held three drop-in sessions, where several people have been able to ask questions about the share offer. A common question has been – “When will you cash the cheques?”
This is probably of interest to many of you, so to clarify – Cheques will not be cashed until the closing date of the share offer and only then if we have met our minimum fundraising target of £220,000 (in shares or donations).
Therefore if you prefer to pay by cheque rather that make a BACs payment we will keep your cheque safe and will not cash it unless and until we are able to formalise purchase of the White Lion. This would not be prior to 9 January 2018 and would probably be later in the month. We do, however, need your cheque or BACs payment ASAP so that we can see how much money is being raised and whether we will be in a position to buy the pub. NB – if you do pay by cheque we will let you have a weeks notice of when we intend to bank them so that if needed you can manage the transaction.
Note also that if we do not meet our target and are unable to purchase the White Lion your cheques would be returned to you or destroyed.
When making payment please do not forget to fill in a shares application form which can be downloaded from the website http://savethewhitelionash.co.uk or picked up at the White Lion.
Our next drop in session is at the White Lion on Wednesday 20 December between 6 and 8 pm so please come along if you have any queries or just want to chat things through.