UTCE Ltd

History and UTCE documents (for minutes of meetings scroll down) on this page

When the shop in Broughton closed on 15th March 2018 a group of locals got together, at the invitation of the Upper Tweed Community Council, to try and find a way of re-opening the shop as soon as possible. The Broughton Shop Development Group (BSDG) was formed soon after.

BSDG was a simple voluntary organisation which enabled the group to raise some initial funding and take on a consultant to help find the best way forward. We made the decision to try and buy the existing premises with help from the Scottish Land Fund, and to raise further funds with a Community Share Offer.

These strategies required a new organisation known as a Community Benefit Society, which is registered with the Financial Conduct Authority (using rules devised by the Plunkett Foundation). Accordingly Upper Tweed Community Enterprise Ltd (UTCE) was registered on 21st December 2018 with the number 7979. UTCE is authorised to issue Community Shares with the help and expertise of Community Shares Scotland

The UTCE Registration document can be downloaded here. The following document UTCE Change to FYE Date records a subsequent change in our financial year end date.

In due course the BSDG committee became the board of UTCE. There are potentially six vacant positions on the board. Please come forward if you wish to help. The current  UTCE Ltd  board members are:

Simon Edwards (Secretary and Membership Secretary)
Christopher Lambton (Chair)
Jennifer McBeth (shop manager)
Donald Stewart (Treasurer)
Camilla Younger
Bill Sheridan

(updated after 2nd AMM)

UTCE can be contacted through the contact page

The original Broughton Shop Development Group has a register of about 250 members, who filled in the BSDG – Membership Application Form. This form is no longer in use. Original members of BSDG will automatically become “supporters” of UTCE. In the future, those wishing to support the shop but without buying shares will also become “supporters” of UTCE. This will effectively become a mailing list for the shop so that the management can keep everyone informed of opening hours, offers, and events.

Click here to download the BSDG Constitution

Upper Tweed Community Enterprise Ltd (UTCE) is a Community Benefit Society whose members are its shareholders. Each shareholder member has one vote, irrespective of holding. There are currently over 250 shareholders holding share capital of around £66,000.

SHARE OFFER

The share offer has now officially closed and all share certificates have been issued. If anyone is missing their certificate or has missed the deadline and would still like to buy shares please email shares@broughtonvillagestore.co.uk in the first instance.

USEFUL DOCUMENTS

To read the business plan for Broughton Village Store click here

To read the shorter executive summary of the business plan click here

Click on this link to read the Broughton Village Store Share Offer Document which contains FAQs about your shareholding

BELOW YOU WILL FIND MINUTES OF SHOP MANAGEMENT COMMITTEE MEETINGS

UTCE – Minutes of Meeting – 16-Jul-19

UTCE – Minutes of Meeting – 15-Aug-19

UTCE – Minutes of Meeting – 18-Sep-19

UTCE – Minutes of Meeting – 23-Oct-19

UTCE – Minutes of Meeting – 20-Nov-19

UTCE – Minutes of Meeting – 22-Jan-20

UTCE – Minutes of Meeting – 19-Feb-20

UTCE – Minutes of Meeting – 11-Mar-20

UTCE – Minutes of Meeting – 17-June -20

UTCE – Minutes of Meeting – 15-Jul-20

UTCE – Minutes of Meeting – 12-Aug-20

UTCE – Minutes of Meeting – 23-Sep-20

UTCE – Minutes of Meeting – 21-Oct-20

UTCE – Minutes of Meeting – 18-Nov-20

UTCE – Minutes of Meeting – 16-Dec-20

UTCE – Minutes of Meeting – 20-Jan-21

UTCE – Minutes of Meeting – 17-Feb-21

UTCE – Minutes of Meeting – 17-Mar-21

UTCE – Minutes of Meeting – 21-Apr-21

UTCE – Minutes of Meeting – 19-May-21

UTCE – Minutes of Meeting – 16-Jun-21

UTCE – Minutes of Meeting – 21-Jul-21

UTCE – Minutes of Meeting – 18-Aug-21

UTCE – Minutes of Meeting – 22-Sep-21

UTCE – Minutes of Meeting – 20-Oct-21

AMM (Annual Members Meetings)

The first Annual Members Meeting of UTCE Ltd was held by Zoom on Tuesday 18th August 2020 at 7pm. Over 20 members (shareholders) attended remotely, and a further 37 had previously asked the Chairman to vote as their proxy. The meeting was thus comfortably quorate under the Financial Conduct Authority rules governing the Community Benefit Society. There were six resolutions, all passed unanimously. These concerned receiving and adopting the Chair’s report, the Treasurer’s report, and the accounts to the year end 31 December 2019. It was decided not to appoint an auditor. Further resolutions re-elected most of the current management committee, with two resignations and one new election. The agenda, reports, accounts, and minutes of the meeting can all be seen below

text of AMM email includes agenda

accounts to 31 December 2019

chair’s report and treasurer’s report for 1st AMM

First AMM 2020 minutes

The second Annual Members Meeting of UTCE Ltd was held by Zoom on Tuesday 31st August 2021 at 7pm.

Over 15 members (shareholders) attended remotely, and a further 35 had previously asked the Chairman to vote as their proxy. The meeting was thus quorate under the Financial Conduct Authority rules governing the Community Benefit Society. There were eight resolutions, all passed unanimously. These concerned receiving and adopting the Chair’s report, the Treasurer’s report, and the accounts to the year end 31 March 2021. It was decided not to appoint an auditor. Further resolutions re-elected most of the current management committee, with one resignation and two new elections. The agenda, reports, and accounts can all be seen below

word version of AMM2 email     (this includes agenda and resolutions)

accounts to 31 March 2021

chair’s report and treasurer’s report for 2nd AMM updated 25 Aug 21