This website uses cookies

We use cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, and assist with our promotional and marketing efforts. View our Privacy Policy

Solar for Schools

Governance and people

The Solar for Schools Community Benefit Society was established in 2016 to provide schools with the means to have a solar panel-generated energy supply without having to pay for the installation and, ultimately, to receive a share of the profits from the panels.

 

Target amount to be raised through the bond offer

This bond offer aims to raise £1,000,000. The minimum investment per applicant is £1,000. The minimium investment into an IF ISA is £1,000.

Total number of bonds in issue

This offer is looking to issue 1,000,000 bonds.

Date of the AGM

The AGM will be held during the first week of October each year before interest repayments are made to bond holders.

The AGM will be hosted so as to allow for participants to join via video link. At the AGM, members of the CBS will vote on how the surplus profits will be distributed back to the Schools where solar systems have been installed.

People

Board of Directors

The Directors combine long-term experience in renewable energy finance, helping schools go solar, managing schools and education for sustainable development. The Schools that become members of the CBS may elect additional Directors at the AGM.

Conflict of interest statement

Robert Schrimpff and Ann Flaherty are also directors of Solar Options for Schools Ltd. They were two of the founding directors and set-up the CBS. They were involved in drafting many of the original agreements governing the CBS but are prepared to step down in future as schools nominate other suitable directors. They will not participate in any Board approvals on contracts associated with Solar Options for Schools Ltd.

Ann Finlayson and her organisation provide marketing and sustainable education consultancy services to help shape the educational programmes funded and being developed by Solar Options for Schools Ltd.

Marino Charalambous, represents the first 4 schools funded by the CBS and, as such, approved many of the agreements between the CBS and Solar Options for Schools Ltd. 

Other than valid expenses, the Directors do not receive any payment as directors, although they are entitled to the small finder fees offered by the CBS to any party making a successful school introduction. They would abstain from approving projects they introduced.

The Directors are not aware of any other actual or potential conflicts of interest.

Material contracts

Directors' remuneration

Directors are not currently paid for being a directors of the Community Benefit Society, but are reimbursed for legitimate out of pocket expenses in the course of their duties as a director. Individual Directors may from time to time be asked by the board to perform additional services, for which they would be paid an arms length commercial fee. In addition some directors receive introduction fees (£5/kWp) resulting from projects that are successfully completed.

Directors' holdings

The Directors are members of the CBS, but do not receive any financial benefit from their membership.

Diversity

Whilst Solar for Schools Community Benefit Society does not employ anybody directly, it encourages diversity and equal opportunity practices amongst its key suppliers. The board currently consists of 2 women, one of whom holds the position of Chair, and 4 men.

Employee satisfaction

Solar for Schools Community Benefit Society does not employ anybody directly.

Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

Invest and save with Ethex to

make money do good

You can browse, compare and invest in a range of products on Ethex platform from bank accounts and ISAs to equity investments and charity bonds that offer a social/environmental as well as a financial return. All you need to do is get started...