We have converted to a Community Benefit Society

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In the summer of 2017, we let you know Poplar HARCA was in the process of converting to a CBS. This process is now complete and we are officially a ‘Registered Society’.

What is a CBS?

A Community Benefit Society is a corporate body incorporated under the Cooperative and Community Benefit Societies Act 2014. We will still be a charity that works to benefit the community. Any money we make is reinvested to benefit the community.

Why did we convert to a CBS?

The vast majority of housing associations are incorporated as a CBS. Before our conversion, Poplar HARCA had always been a charitable limited company. When we were set up in 1998 it was one of the first of its kind and governance decision required us to be a Charitable Company. Since then, we have achieved a lot, and we want to make sure our governance structure supports the ambitions we have to deliver our vision. Converting to a CBS will allow us to streamline some of our governance processes and bring us into line with the rest of the sector.

What has changed?

We will be registered with the Financial Conduct Authority and continue to be regulated by the Regulator of Social Housing. We remain a charity and our charitable objectives will not change, nor will our vision, aims or objectives. Some of our internal governance processes will change to ensure smooth business operations.

What does it mean for me?

Residents – there are no changes for any residents of Poplar HARCA.

Suppliers – any new contracts with us post conversion need to describe the organisation correctly: Poplar Housing and Regeneration Community Association Limited (Registered society number: 7726) registered office 167a East India Dock Road, London, E14 0EA.

Want to know more?

Get in touch with us at info@poplarharca.co.uk

This article was updated on 26th February 

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