The 1 October was an incredible milestone for Foundation as we are pleased to announce that the Inspire North Group Board of Trustees have approved that we commence the process to convert Foundation into a Community Benefit Society (CBS). This is the first stage in a 2-stage process to amalgamate Inspire North, Community Links and Foundation to form ONE Community Benefit Society (CBS).

This amalgamation is key to safeguarding a positive and sustainable future for the group and will enable us to deliver our services more effectively and innovatively to our clients and tenants.  A CBS is a type of not-for-profit organisation that is registered with the Financial Conduct Authority with the specific intention that it must benefit the community. CBS’s are well established in many sectors.  It will be a company for charitable purposes which is exempt from registration with the Charity Commission.

From 1st October 2024 Foundation is known as a CBS. In terms of service delivery nothing will change – it will be business as usual under the newly converted CBS.  We will continue to work with all of our regulators, including OFSTED and the RSH.

Foundation is part of the Inspire North Group which is the parent company of Foundation and Community Links.  All three companies have converted to CBS’s on 1 October with the amalgamation being completed on 31 March 2025.