Learn more about
Community Shares on Crowdfunder.
Please #investaware — investments of this nature carry risks to your capital.
We need to raise £350,000 to give our heritage asset a cash injection through our first Community Share Offer.
by Bramley Baths in Leeds, West Yorkshire, United Kingdom
Learn more about
Community Shares on Crowdfunder.
Please #investaware — investments of this nature carry risks to your capital.
Bramley Baths has been a treasured asset in the local community of Bramley, Leeds for 120 years.
Our primary purpose is to benefit the local community and to maintain and protect an Edwardian heritage treasure. We provide swim, gym and classes but we are much more than that…
In short, we need to raise £350,000 – We know… it’s a big ask…
Things have been going well, but we’re not resting on our laurels. We care deeply about this place and want to ensure that we are never in position where the legacy we leave for future generations isn’t as secure as it possibly could be. We are constantly looking for ways to future proof the building, both structurally and environmentally. We are out of capacity in terms of raising such a substantial amount of capital through simply delivering our services. As things stand, our building is safe and functional, but we know how quickly the tides can change - we only have to take the pandemic and increasing extremes of the weather to know that our organisation could cease in the blink of an eye. In order to ensure our wonderful community asset continues to thrive, we have identified a series of improvements to be made over the next 5 years; the most pressing is full repair of the roof structure and replacement of the lanterns
We believe that this is the time for us to become not only community led, but part community owned. This is the time for local people who love the building to invest and support in the continued use of the building. This is the time for you to come with us on our journey into a new chapter of the Bramley Baths story…
Full repair of the roof is the most pressing piece of work that needs to be completed within the next year. We know the roof lanterns throughout the building are damaged and water ingress continues to risk further damage to the steam room floor, original ironworks in the current gym space, pool hall and studio roofs. If you are a frequent user of our “dry side” areas, you will know that, as soon as a storm hits, the water will find a way in. Although the damage at this point is minimal and causes little disruption to our normal operations, there are parts of the roof that are rotting and in serious need of attention. Currently, we try to find short term solutions by “plugging the hole,” but obviously this is not sustainable long term – we need more than buckets! Delaying repairs and restoration also risks potential closure and interrupted service delivery, albeit temporary, would still have an impact on our overall income. With your investment we will ensure not only the roof is repaired and replaced where needed, we will also install elements that are moveable, ensuring better circulation of fresh air, and maybe even give Wimbledon a run for their money!
For generations, Bramley Baths has been championed by local residents and supporters all over the UK and beyond. In recent history, we were described as the “people powered Baths.” This encapsulates not only our social significance, but also reminds us that we wouldn’t exist if people hadn’t fought to keep us open. Generations have learned to swim, bathed, danced, raced, and worked at Bramley Baths. It is more than a pool – it is a special place in people’s lives and histories. Our community support continues to preserve its past, deliver its present and help secure its future for generations to come.
Our priorities centre on providing accessible, affordable, equitable and excellent services for the whole community of Bramley, Leeds (West Yorkshire). Within the Bramley area, we have 3 postcodes that sit within the top 10% index of multiple deprivation. If the Baths didn’t exist, people would have to travel a least 2 – 3 miles to visit their nearest leisure centre, which is completely unachievable for many in this particular area.
On the site of the original Globe Foundry, Bramley Baths was built in 1904 in response to the cholera epidemic. One of eight bathhouses across Leeds, we have continuously operated as a facility for leisure and wellbeing activities, whilst simultaneously showcasing exemplary examples of Edwardian ornate features and stained-glass windows which remain to this day.
Threatened with closure in 2011 due to financial constraints of Leeds City Council, the local community, residents, organisations, schools and councillors immediately responded with a high-profile campaign to “Save The Baths’’. A successful business plan secured a peppercorn lease, ultimately taking the Baths to community ownership in January 2013.
The Friends of Bramley Baths, the original members of the society were instrumental in “Saving the Baths” in the early years.
The more share capital we raise, the less cash we need to use from our reserves. This is vital, because we’ve learned over the last 10 years that having a cash reserve enables us to move quickly when we need to make unplanned repairs to things like boilers, or indeed pay staff for months during a global pandemic! If we surpass our target of £350,000 (amazing!) we would then be able to aim for a stretch target of £500,000 which would allow us to refurbish our accessible toilet facilities
What are Community Shares – People-powered finance for community-centred businesses
Community shares are an opportunity for people to champion an organisation like ours through financial investment. Community shares are unique to co-operatives and community benefit societies (like we are). They can’t be sold to anyone else, and no matter how many shares you buy, you only get one vote for your shares. you only get one vote for your shares. That makes them a perfect way for us to raise the kind of sums we need for large projects like this, as nothing will ever change the fact that the Baths can be owned by everyone, not just those with the wealth to buy more shares and influence.
As a Community Benefit Society, all our profits must be reinvested to benefit the community, but we can pay interest for allowing us to use your investment.
This is your opportunity to embark with us on this journey and make our collective dreams a reality…
We are asking for a minimum level investment of £50 for all investors.
It is also possible to simply donate and support us for any amount.
Money will be held by Crowdfunder until we have successfully hit our minimum target by the deadline, when they will pass it to us. If we aren’t successful, money will be refunded to you within 10 days.
After the share offer closes, we will contact each investor asking what interest they would like to receive on their shares 2%, 4% or 5% or waive interest entirely to allow us to benefit from having more resources. Interest will be paid in cash.
If the share offer reaches its maximum target, any sums invested above that amount will be refunded on a last-in, first out basis.
For this investment, you must keep your shares for a minimum of 3 years. After this time, applications can be made to withdraw part - or all - of an investment, but this can only be approved if these two conditions are met:
• The Board declares the society has sufficient funds to allow share capital to be withdrawn. This will only occur, if the Baths continues to thrive and make a surplus as projected year on year, or sufficient new capital is invested to allow us to let older investments be returned.
• In any given year, no more than 10% of the total funds raised can be withdrawn by members. This will be on a strictly first-come first-served basis, giving three months’ notice using the form of application prescribed by the Board at the time. Obviously, we’re very keen to ensure that no one loses out, but the decision on whether any withdrawal can be made is at the discretion of the Board of Directors
For more details, full share offer document, financials for the last 3 years and governing document please visit our website: