Information for Members

This page provides key information for Members of Farfield Mill — those who have invested in shares in our Community Benefit Society. For information about Friends of Farfield Mill, click here.

About Membership

Farfield Mill is a charitable Community Benefit Society, owned by its Members and run for the benefit of the community. Every Member has one vote, regardless of how many shares they hold.

Members can:

  • Attend and vote at General Meetings
  • Stand for election as a Director
  • Help shape the future of Farfield Mill

Farfield Mill AGM 2026

Date: to be confirmed Time: 11:00 AM Format: Hybrid — in person at the Mill and via Zoom

To ensure as many Members as possible can participate, we will again be using Choice Voting’s online portal.

2026 AGM Booklet2026-AGM-Voting-Rep-Form2026 Annual Report & AccountsDraft AGM Minutes 20252026 Audit Management LetterGovernance ManualSociety Financial RegulationsShare surrender formNominating a BeneficiaryCode of Conduct for DirectorsThe Essential Society DirectorRules of Farfield Mill LimitedSocial Impact Report for Farfield Mill

Membership Changes & Share Information

If your contact details have changed, please email: SocietySecretary@farfieldmill.org

If You No Longer Wish to Be a Member

You can resign by withdrawing all your shares. However, withdrawals are currently suspended until the Society is in a financial position to repay investments.

If you do not wish to wait, you may surrender your shares. This means:

  • You give your investment to Farfield Mill outright
  • Your shares are cancelled
  • You cease to be a Member

To surrender your shares, please complete the form

Nominating a Beneficiary

Special rules apply to Community Benefit Society shares and you may nominate a beneficiary to receive up to £5,000 of your shares when you die. These shares:

  • Transfer automatically to the nominated person
  • Do not form part of your estate
  • Are not subject to inheritance tax

Any shares above £5,000 will pass through your estate and may be subject to inheritance tax.

To nominate a beneficiary, complete a nomination form and send it to: Society Secretary Farfield Mill, Garsdale Road, Sedbergh, LA10 5LW, or by email to SocietySecretary@farfieldmill.org

If you change your mind, simply send a new form nominating a different beneficiary.

To inform us of the death of a Member, send an email to SocietySecretary@farfieldmill.org

Your Questions Answered

When will I receive interest on my shares?

As a charitable Community Benefit Society, we cannot pay dividends. We can pay modest interest (up to 3%) when financially possible.

  • Currently, no interest is being paid

Can I sell my shares?

No, shares cannot be sold or transferred to another person.

How can I get my investment back?

You may withdraw your shares only when the Society can afford it. Withdrawals are currently suspended, however, when withdrawals reopen

  • Members may withdraw some or all shares
  • Annual limits will apply to protect the Society’s financial stability

How do I update my details?

Email any changes to SocietySecretary@farfieldmill.org

Can I view the Member Register?

Yes, the Register is held at Farfield Mill and you can email manager@farfieldmill.org to book an appointment to view.