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On 11/09/2011 13:41, Phil Shep wrote:
<blockquote cite="mid:CA926AFA.EEC4%25phil@somersetfilm.com"
type="cite">
<title> Charity limited company</title>
<font face="Verdana, Helvetica, Arial"><span style="font-size:
12px;">Somerset Film has been a company limited by guarantee
since 1998 – and has had charity status since 2002. In lay
terms the charity status simply ‘wrapped itself round’ the
company structure and is not a separate body. We continue to
trade the company as before but with the advantages of the
charitable status. If you were to do the same your company
number would remain the same as ours has done. </span></font></blockquote>
<br>
This is what I was suggesting in my e-mail.<br>
<br>
<blockquote cite="mid:CA926AFA.EEC4%25phil@somersetfilm.com"
type="cite"><font face="Verdana, Helvetica, Arial"><span
style="font-size: 12px;"> I can understand that there may be
implications for the wording of the licence agreement </span></font></blockquote>
<br>
As the licence would still he held by the same body I can't see this
being needed.<br>
<br>
Also:<br>
On 11/09/2011 09:28, Tony Bailey wrote:
<blockquote cite="mid:4E6C7141.1030702@ravensoundradio.co.uk"
type="cite">I think the regulations require independent trustees,
which might not fit a limited company profile. </blockquote>
<br>
The trustees of a charity that is a Company Limited by Guarantee are
the Directors of the company. As a charity trustee you can not
receive any payment from the charity (other than out of pocket
expenses and a few extremely specific exceptions of being paid for
'professional services'.) This means that a director of the company
can not be an employee. If any of the current directors of <font
face="Verdana, Helvetica, Arial"><span style="font-size:12.0px">Stroud
Community Radio Limited are employees they would have to stand
down as directors or cease being an employee once you became a
Registered Charity.</span></font><br>
<br>
Phil.<br>
<br>
<br>
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