[See bios word doc]
Mark Penny, Chair
Alastair Singleton (director)
Sam Willitts (director)
Liz Barling (operations manager)
The wider group KCE is made up of a group of people who are passionate about helping make Keynsham a green
energy producer. This group meets twice a year and helps us elect our Directors at our AGM. There’s more information here [LINK TO GET INVOLVED] about how to become a member, or get involved with KCE in any other way.
Governance (Level 2)
Keynsham Community Energy is a community benefit society (BenCom), a type of registered society
under the Co-operative and Community Benefit Societies Act 2014. It͛s similar to a co-operative in
many ways, except a BenCom is set up mainly to benefit the community rather than, as with a co-
operative, its members.
A BenCom can raise funds by issuing shares and pay a reasonable rate of interest to its members.
The rate of interest should be the minimum sufficient to enable it to attract finance for its projects,
but any surplus should be used to benefit the community.
BenComs are run and managed by their members and must submit an annual return to the Financial
Conduct Authority (FCA), with whom they are registered.
As a BenCom, our aim is to work for the long-term benefit of people in Keynsham by investing in
renewable energy projects and energy-saving schemes. Our Rules and a copy of the latest report and
Accounts can be downloaded here. [LINK TO PDFS]
Rules of Keynsham Community Energy [MARK TO PROVIDE]
Directors͛ Report and Accounts 2017 [MARK TO PROVIDE]
BenComs are democratic structures with the legal ability to raise money directly from members of
the public. With a ͚one member one vote system͛ and a board elected from the membership, they
offer a fair and transparent way to operate a community owned renewable energy business. They
also have the power to prioritise investment from the local area, ensuring that as much as possible,
financial benefits from renewable energy are felt by people living in and around Keynsham.
The wider Keynsham Community Energy group meets twice a year, and its directors meet on
average bi-monthly. We hold an AGM where members get the opportunity to help steer the
strategic direction of the organisation. Directors take day-day-to-day operational decisions.
To find out more about community shares, please visit the Cooperatives UK video guide, which
explains what community shares are and could help you decide if they are for you. [HYPERLINK