Summary of Terms of Reference

The Company is established for the public benefit within the area within the following objects:-

a.      To relieve persons who are in conditions of need, hardship or distress by reason of their social and  economic circumstances.

b.     To provide or assist in the provision of housing accommodation for person in conditions of need, poverty or distress, including those suffering from a physical or mental disability, on terms appropriate to their means.

c.     To relieve sickness and poverty.

d.     To promote the advancement of education and learning, including training in skills relevant to securing employment.

e.     To advance public education in the arts.

f.     To provide facilities for public recreation or other leisure time occupation in the interest of social welfare with the object of improving their conditions of life.

g.     To promote community businesses which are non-profit making or which employ the whole of their profits for the public benefit and whose objectives and activities are directed towards the provision of paid employment to disadvantage residents of the area of benefit towards other purposes of general public utility and the acquisition (and holding of the shares, stocks, are so directed and the provision of managerial, supervisory and consultancy services to or in respect of such companies).  

Two members of Plymouth City Council from wards within the area of benefit who shall be nominated annually by Plymouth City Council, providing that one member should be a representative from the political party with a majority membership on Plymouth City Council and one member from the main party of opposition.  Should there be elected members of only one political party represented in the Wolseley Trust area of benefit, then Plymouth City Council should be entitled to nominate only one member to serve on the Wolseley Trust Board.

Board meetings are held every six weeks but will move to eight weeks.