Our Legal Structure And Charitable Status
Growing Well is an Industrial and Provident Society (IPS) for the Benefit of the Community (registration number 29680R). As such we are a corporate entity, with limited liabilities for our members, regulated by the Financial Services Authority.
The rules of our society strictly determine how we must operate, ensuring our assets are held for the good of the community in perpetuity. Our objects are charitable and we are recognised as a tax exempt charity by the Inland Revenue (number XR76204).
The IPS legal structure was chosen deliberately by our founding directors so that membership and control of Growing Well could be offered to local community members (particularly our volunteers). As at the close of 2010, we have 120 members.