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Hi Claire<BR>
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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. I can understand that there may be implications for the wording of the licence agreement but I’d say it was worth further investigation before setting up a separate parallel body - a simple amendment to the descriptor of your company in the licence should surely suffice? If you do have to go that route then I guess you would set up a charitable trust linked to the activities of the trading arm?<BR>
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Your hopefully<BR>
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Phil<BR>
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On 10/9/11 09:33, "claire penketh" <clairepenketh@yahoo.co.uk> wrote:<BR>
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</SPAN></FONT><BLOCKQUOTE><FONT FACE="Verdana, Helvetica, Arial"><SPAN STYLE='font-size:12.0px'> Stroud FM, currently a company limited by guarantee, is thinking about becoming a charity limited company. Had a quick chat with OFCOM re implications for our licence, which is held in the name of Stroud Community Radio Limited and they said that we will have to keep the current ltd company and set up the charity alongside, because the charity isn't a body coperate. Then they suggesed I ask the CMA what other members do, so here I am. However, I think a charity limited company is a body corporate? But, if the licence is held by Stroud community Radio limited, does that mean we still have to keep the company, or could the licence be transferred to the charity limited company?<BR>
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Yours, confused.<BR>
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Claire Penketh, Stroud FM<BR>
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