Who runs the Co-op?
The Co-op
is run by a voluntary Board of Directors, consisting of five directors (as at January
2010). The directors are elected for a term of two years by the members at the
AGM held every November. Our Rules currently allow for a maximum of 7
directors. 1 being an employee/director and the other 6 are members.
As well
as the directors, there are twenty five paid staff (as at January 2010), who
are responsible for the shop on a day to day basis. Additional support is
provided by volunteer members.
Where does all the money go?
The
money made from selling food goes straight back into the Co-op. Because it is a
non-trading co-operative, there is no distribution of surplus to workers,
directors or members. Prices are kept as low as possible, just so that the
surplus covers overheads and wages.
5% of
annual gross profit is donated to various local community organisations.
Monthly
financial statements are produced for every Directors meeting, all members are
very welcome to access these records at the Co-op.