# The Assets of Community Value (England) Regulations 2012, Regulation 5: Voluntary or community bodies


(1) For the purposes of section 89(2)(b)(iii) of the Act, but subject to paragraph (2), “a voluntary or community body” means—
(a) a body designated as a neighbourhood forum pursuant to section 61F of the Town and Country Planning Act 1990;
(b) a parish council;
(c) an unincorporated body—
(i) whose members include at least 21 individuals, and
(ii) which does not distribute any surplus it makes to its members;
(d) a charity;
(e) a company limited by guarantee which does not distribute any surplus it makes to its members;
(f) an industrial and provident society which does not distribute any surplus it makes to its members; or
(g) a community interest company.
(2) A public or local authority may not be a voluntary or community body, but this does not apply to a parish council.
(3) In this regulation “industrial and provident society” means a body registered or deemed to be registered under the Industrial and Provident Societies Act 1965 which meets one of the conditions in section 1 of that Act

---
Source: https://www.legislation.gov.uk/ukdsi/2012/9780111526293/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-assets-of-community-value-england-regulations-2012/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.