The Committee has proposed that we should change our structure to become a Charitable Incorporated Organisation (CIO). This will mean that the trustees no longer have unlimited liability. This proposal will be put in a resolution at the next AGM, which will take place on 1st May this year. A new constitution has been drafted and can be viewed here.
All responses requesting amendments to the proposed Constitution must be:
- From a paid up identifiable member of the current charity “The Camberley Society”
- Received at least one week before the AGM meeting date i.e. by 24th April
- Clearly flagged with the subject “THE CAMBERLEY SOCIETY CONSTITUTION”
- In a form that clearly identifies the section number, the words to be changed and the words proposed as a substitute
- Supported by a reason or reasons for making the amendment
And will be published in advance of the AGM on this website and our Facebook page with the Trustees opinion on them.
For information, here is a note on Charitable Incorporated Organisations, (from Wikipedia):
A charitable incorporated organisation (CIO) is a form of legal entity designed for non-profit organisations in the United Kingdom. It became available to charities in England and Wales on 4 March 2013.
The main intended benefits of the new entity are that it has legal personality, the ability to conduct business in its own name, and limited liability so that its members and trustees will not have to contribute in the event of financial loss. These are already available to limited companies; charities can be formed as companies, but then they must be registered with both Companies House and the Charity Commission. In contrast, the CIO only needs to register with the Charity Commission. This is expected to reduce bureaucracy for the charity