At Global Grooves, we combine community leadership, entrepreneurial innovation, and robust accountability to deliver meaningful social impact. As a Community Benefit Society (CBS) and an exempt charity, our governance model empowers communities, ensures financial resilience, and fosters creativity while maintaining the highest standards of transparency and oversight.
What is a Community Benefit Society (CBS)?
A Community Benefit Society is a not-for-profit organisation designed to serve the public good. Its key principles include:
- Democratic Decision-Making: Every member has an equal vote, ensuring that the voices of our community and beneficiaries shape our direction and projects.
- Asset Lock: Profits are reinvested into community-focused initiatives, safeguarding resources for long-term impact.
- Flexible Fundraising: Community shares and earned income streams allow for sustainable growth and investment in innovative projects.
This model ensures that the voices of our communities are at the heart of everything we do, guiding decisions that reflect their needs and aspirations.
What is an Exempt Charity?
As an exempt charity, we are regulated by the Financial Conduct Authority (FCA) instead of the Charity Commission. This gives us:
- Strong Accountability: We adhere to rigorous governance standards, ensuring trust and transparency in how we manage resources.
- Operational Flexibility: We have the freedom to innovate and grow, unencumbered by the constraints of traditional charity models.
The Power of a Social Enterprise Model
Our choice to operate as a social enterprise reflects our commitment to sustainability, adaptability, and creativity:
- Entrepreneurial Freedom: Over 50% of our income is generated through enterprise activities, such as training and events. This reduces reliance on external funding and enhances our financial stability.
- Investing in Excellence: Unrestricted funds allow us to invest in ambitious artistic projects, ensuring that creativity and innovation are central to our community programmes.
- Adaptability and Growth: The flexibility of our model means we can scale and evolve, responding to emerging needs and opportunities swiftly.
Our Senior Management Team (SMT) and Board champion this approach, embedding sustainability and innovation into our organisational strategy.
Why Your Support Matters—and Is in Safe Hands
For funders and investors, partnering with Global Grooves offers the confidence that your support drives measurable social outcomes, managed with rigour, transparency, and accountability. Our governance model ensures:
- Strong Oversight and Resilience: A democratically accountable structure, combined with FCA regulation, safeguards resources and supports financial sustainability.
- Social Impact Focus: Every pound invested is directed towards projects that empower communities, foster inclusivity, and deliver tangible benefits.
- Community-Led Action: By placing decision-making in the hands of our members, we ensure that the voices of our communities are heard and reflected in our work.
For our communities, this model guarantees that your voice shapes our projects and priorities, ensuring relevance and impact in everything we do.
Together, we are building a future where creativity transforms lives and communities. Join us and be part of this transformative journey
