The Trustees have agreed that BucksVision should register a company under the Companies Act 2006 to protect the Trustees and the Members from liability and to be in an appropriate position to compete in an increasingly commercial environment, i.e. submit tenders for commissioned services etc.

There are a variety of reasons for securing limited liability via registering as a company. It limits the liability of company directors, which usually equates to those on the management committee (who will also be the charity trustees if it is a charity). Employing staff, taking up a lease or owning property are common prompts to get limited liability. The move to Company Registration will include creating a new charitable structure

There are two ways of becoming a registered company - the 'normal' commercial approach of being 'limited by shares', and the general model used by voluntary organisations 'limited by guarantee', where members guarantee to meet the debts of the company if necessary, but only up to a limit which is almost always £1. Both will require the company to make annual returns, keep various registers and proper accounts which will usually need to be audited professionally.

The Chief Executive and Trustees therefore, invite Members and volunteers to a consultation day to explain the detail and structure of this new BucksVision company would hold income and other assets on their behalf.

Please let reception know if you will be attending, so we know how many people to set up for.
For more information please contact reception on 01296 487556