<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span>Just to add to the possible choices if you haven't already considered perhaps a CIC (Community Interest Company) might be worth exploring, Like Tony without knowing the rationale for becoming a charity - it's a little hard to know what is your best strategy. I've set up but not actually operated a CIC, but theoretically it gives you a bit more flexibility than a company limited by guarantee (and can have an asset locked arrangement with a charity), and I think you can migrate from a company ltd by guarantee to a CIC and keep Ofcom happy in terms of maintaining the same responsible license holders.It might be worth giving the CIC people a ring (</span><cite>www.<b>cic</b>regulator.gov.uk).</cite></div><div><br><cite></cite></div><div><span>I hope that helps rather than further
confuses!</span></div><div><br><span></span></div><div><span>all the best</span></div><div><span>Lol<br> </span></div><div><cite><br></cite></div><div><br><cite></cite></div><div><cite><br></cite><span> </span></div><div><br></div><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><font face="Arial" size="2"><hr size="1"><b><span style="font-weight: bold;">From:</span></b> Tony Bailey <studio@ravensoundradio.co.uk><br><b><span style="font-weight: bold;">To:</span></b> claire penketh <clairepenketh@yahoo.co.uk><br><b><span style="font-weight: bold;">Cc:</span></b> 'cma-l' <cma-l@commedia.org.uk><br><b><span style="font-weight: bold;">Sent:</span></b> Sunday, 11 September 2011, 9:28<br><b><span style="font-weight: bold;">Subject:</span></b> Re: [cma-l] Charity limited company<br></font><br>You don't say why you want to become a
charity. I assume you have <br>looked at the Charity (England/Wales) Commission website. <br><a href="http://www.charity-commission.gov.uk/" target="_blank">http://www.charity-commission.gov.uk/</a><br>I think the regulations require independent trustees, which might not <br>fit a limited company profile. I also believe that while it's probably <br>not possible to merge the two entities as you suggest, they can <br>sometimes share Trustees/Directors. If you don't want to trade but you <br>need a corporate body you can be a non-trading company, which requires <br>only a single page annual account return. Most charities run separate <br>trading companies because charity commercial trading isn't permitted.<br><br>Regards, Tony Bailey<br><br><br><br>claire penketh wrote:<br>> Stroud FM, currently a company limited by guarantee, is thinking about <br>> becoming a charity limited company. Had a quick chat with OFCOM
re <br>> implications for our licence, which is held in the name of Stroud <br>> Community Radio Limited and they said that we will have to keep the <br>> current ltd company and set up the charity alongside, because the <br>> charity isn't a body coperate. Then they suggesed I ask the CMA what <br>> other members do, so here I am. However, I think a charity limited <br>> company is a body corporate? But, if the licence is held by Stroud <br>> community Radio limited, does that mean we still have to keep the <br>> company, or could the licence be transferred to the charity limited company?<br>> <br>> Yours, confused.<br>> <br>> Claire Penketh, Stroud FM<br>> <br>> <br><br><br>-- <br><br>Local Reports and Vintage Tunes 24/7 at www.ravensoundradio.co.uk<br><br>Raven Sound PO Box 1062 Bromley BR1 9QA UK<br><br>Call or Text: 0775 896 2392 Int: + 44 775 896 2392<br>Call or Text:
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