The use of large up-front fees and disproportionate deposits has already resulted in significant cost consequences for one care provider.
As state funding reduces, and communities look to take responsibility themselves, there are places in many communities that are of particular importance to the local people. They may be facing closure or sale or may be being considered by the council for alternative uses or being run in alternative ways.
Community asset transfers look to put ownership and/or management back into the hands of the community and the organisations and charities that represent them.
We are holding a seminar jointly with the Ethical Property Foundation for small charities and other organisations to consider how they can become involved in community asset transfer.
This is an area of particular interest as town halls, parks, libraries and other buildings are considered for transfer of ownership or management from a statutory body, such as the council, to a community group or charity at less than the market value provided they are used for social, economic or environmental benefit.
There is clearly a myriad of issues to consider, from: understanding exactly what asset transfer involves; understanding the liabilities that can be taken on; financial management and risk management; as well as looking at the relevant legal structure to enable community bodies and groups of individuals to succeed.
We have been lucky to be involved with a number of community asset transfers which have seen, amongst other things, the following:
- a transfer of a town hall to a community charity to run as a community centre;
- transfer of a town hall to a charity to run for the purposes of its community;
- the transfer of an environmentally relevant outdoor areas to a wildlife charitable trust for their preservation and the future running of them; and
- the transfer of dilapidated buildings to community groups from the council for running nurseries and for the use of other community organisations.
This seminar will look to uncover some of the issues involved and give real life examples of successes and failures to enable those attending to better understand the opportunities for them.
If you are interested in attending this event please sign up here.
For more information
For further advice or information on community asset transfers please contact Dominic Curran.
The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.
Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.
A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.
Thinking about the legal status of being a cohabitant probably isn’t at the top of the ‘to do’ list.
When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.
We are now only a few weeks away from the biggest change to data protection laws in over 20 years. Are you compliant?
The tragedy, in this case, is that there were options readily available to the midwives that they could have used. This was not a case of having to go above and beyond.
Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.
The SCCS has issued providers in the scheme a series of updated and new documents in order to assist with their National Minimum Wage review.
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