Phil Groom writes:
Came across this whilst revisiting last year’s Trustees Report & Accounts from SPCK (pdf – p.20, under ‘Exceptional Items’; scroll down to p. 22 in Google’s cached version), figured we shouldn’t let this third anniversary go by without marking it. Hadn’t thought much about it being Halloween before: trick or treat, anyone?
Transfer of Bookshops
On 30 October 2006, SPCK entered into an agreement with Saint Stephen the Great Charitable Trust (SSGCT), a registered charity (no. 1109008), for the creation of a new Christian Resources Group including the SPCK Bookshops in operation at that date. Under the terms of the agreement and in furtherance of its charitable purposes, SPCK transferred its Bookshops activities to SSGCT on 31 October 2006, including the transfer of certain freehold and leasehold properties, fixtures and fittings and stock. SPCK also agreed to grant leases to SSGCT, at peppercorn rents, on certain other freehold properties for a period of seven years, after which time they would be transferred to SSGCT if the SPCK Bookshops Group remained in operation on an agreed basis. From the date of completion, SSGCT became responsible for the trading activities of all bookshops continuing to trade under the ‘SPCK Bookshops’ name, which it had been agreed could be used by SSGCT under an annually renewable licence. The licence was withdrawn in November 2007 in view of their failure to abide by the terms of the agreement.