Diss Community Partnership CIC CIC

The principal activity of the Company has been to act for the benefit of the inhabitants of Diss and the surrounding area, particularly through the encouragement of the arts and heritage. Its aim has been to make Diss a better place to live, work, visit or run a business. It has, as an organiser and facilitator, supported many of the events and initiatives that have taken place in the town over the last few years. The objects of the Company have overlapped with those of the Diss Heritage Triangle Trust CIO and the boards of the two bodies and their members agreed that they would be more effective in their operations if they combined their activities and that the Triangle Trust would be the most appropriate successor of the two organisations. This is in line with the Charity Commission guidelines to reduce the number of small charitable and not for profit organisations by amalgamation. The primary activity of the Company from August 2023 had been to establish No 8 Marketplace as a retail outlet for local craftspeople and to provide space for embryonic businesses to test their concepts. No 8 was leased from Panther Securities under a pop-up lease arrangement. From 31 March 2024, Bees of Diss Ltd, the trading subsidiary of the Trust, purchased the Company’s stock at book value/ cost. The small trade debtors were transferred from the Company to Bees with appropriate and full payment. The Company’s retail activity transferred to Bees. From 1 August 2024, the Trust took on the lease of No 8 and the obligations of the Company by taking responsibility for the lease and the contracts for services; any debtors or creditors were transferred from the Company to the Trust with appropriate and full payment. The Company’s activities after 31.3.24 were largely wrapping up the business and it currently is not trading. Both the Company and the Trust are asset locked bodies. The Company transferred the bulk of its assets, £7,250, to the Trust leaving a small cash balance to cope with possible liabilities.