Outside body

Myatt's Field Centre Community Association

Description

 

RULESOF:

TheMyatt’s FieldCentre CommunityAssociation Ltd(RegisteredundertheCo?operative and CommunityBenefit SocietiesAct 2014)

 

 

 

 

1.                 Inthese rules"theAct" means theCo?operative and CommunityBenefit SocietiesAct2014 or any act of Parliament amending orin substitution for that act for thetime beinginforce.

 

 

NAME

 

2.                 Thenameof thesociety shallbe:TheMyatt’sFieldCentre CommunityAssociation Ltd(hereinaftercalled "theSociety").

 

3.                 Themanagementcommittee oftheSocietyshall becalled "theBoard".

 

 

OBJECTS

 

4.                 Theobjectsof thesociety shallbe,forthebenefitof thecommunityinMyatt’s Field,London Boroughof Lambethand theareas surroundingMyatt’s Field,London Boroughof Lambeth(the"Area ofBenefit"):

a.        tomanage thefacilityknownas the"Myatt’s FieldCentre" (the"Centre");and

b.       toprovide, maintainand managecommunityactivities andservices withintheArea ofBenefit.

 

 

POWERS

 

5.                 The Societyshall have power to do all things necessaryor expedientfor the fulfilmentof itsobjects, providedthat thesociety shallnot tradefor profit.

 

 

REGISTEREDOFFICE

 

6.                 Theregistered officeof thesociety shallbetheMyatt’s FieldCentre, 24Crawshay Road,London SW96AJ.


SHARES

 

7.                 Sharesof thenominal valueof onepound(£1)eachshall beissued topersons uponadmission tomembership oftheSocietyinaccordance withRule10 below.Theshares shallbeneitherwithdrawable nortransferable, shallcarry noright tointerest, dividendnor bonusand shallbeforfeited andcancelled oncessation ofmembershipfrom whatevercauseand theamount paid?upthereon shallbecomethepropertyof theSociety.

 

8.                 A membermay holdone shareonly inthe Society.

 

 

LIMITEDLIABILITY

 

9.                 Theliabilityof amemberislimitedtoany amountremaining unpaidon thatmember’s singleone poundshare.

 

 

MEMBERSHIP

 

10.              Thefirst membersof thesociety shallbethose namedinRule 34.Thereafterthe Board:

a.        shall admitto membershipany individualaged 18years oroverwho isa lawfulresident inone oftheresidential unitsthat comprisethecompleted RegenterMyatt’sFieldNorth HousingPFI scheme(ofwhich thereare 980residential unitsat thetimeof registrationof theSociety)(“theScheme”)and whoagrees tobeboundbytheprovisions ofthese rules;and

b.       shall admittomembership anytwoindividualswho havebeennominated byRegenterMyatt’sFieldNorthLtd asits appointees;

c.        shall admitto membershipany twoindividualswho havebeennominated bytheLondon Boroughof Lambethas itsappointees;

d.       may atitsdiscretionadmit tomembershipany society, company,firm orlocalauthority whichisconsidered abletomakea contributiontothe activitiesof theSociety(orany individualwho isan employeeor memberof suchan organisationand hasbeen nominatedas therepresentative ofit);

e.       may atitsdiscretionadmit tomembership anyunincorporated associationwhichisconsidered ableto  makea  contributionto  theactivitiesof  theSociety  (or anyindividualwho isa memberof suchan associationand hasbeennominatedas therepresentative ofit).

 

11.              A corporatebodywhichis amemberof theSociety shallappointa representativeor representativesas applicablewho shallduringthecontinuanceof hisor  herappointmentbeentitledto exerciseat aGeneral Meetingof theSocietyall suchright andpowers asthecorporate bodywould beabletoexercise ifitwere anindividualperson. Writtennotificationof anorganisation’s choiceof representativeshall besent totheSecretary.


12.              Upon acceptanceof aperson intothemembership andthepaymentof onepoundtheSocietyshall issuetohimor herone shareand acopyof theserulesand shallenterhisor hernameintheregister ofmemberswhichismaintained bytheSecretary.Membership shallnot bewithheldfrom anyindividualadmittedtomembershipunder Rule10 unlessinaccordance withRules14 and15.

 

13.              A person(a‘person’for thesepurposes shallincludeany individual,entity,organisation orassociation referredtoinRule10) whoisa memberhavingqualifiedunderRule10above mayapply totakeupa positionon theBoard (towhich Rules31 to53 applyinparticular).

 

 

CESSATIONOF MEMBERSHIP

 

14.              A membershall ceasetobe amemberimmediatelyif heor she:

a.        resigns inwritingtothe Secretary;or

b.       ceases intheopinion oftheBoard toqualify formembership underthe provisionof Rule10; or

c.        isexpelledfrom membershipin accordancewith Rule15; or

d.       dies(ifan individual)or iswound upor goesintoliquidation (ifa corporatebody);or

e.       Isan individualnominatedbyan unincorporatedassociation whichiswound upor ceasestobe amemberof thatunincorporatedassociation.

 

15.              A membermay beexpelled bya resolutioncarried bya majorityof noless thantwo?thirdsof thosemembersvotingat ageneralmeeting oftheSocietyof whichduenotice hasbeengivenprovided thatthegrounds forexpulsion havebeenspecified inthenoticescalling themeeting andthat thememberwhose expulsionistobeconsidered shallbegiven theopportunity tostate hisor hercasetothemeeting. Ifon duenotice havingbeenserved thememberfails toattendthemeeting,the meetingmay proceedinthe member’sabsence.

 

16.              Nomemberexpelled frommembershipshall bere?admittedexceptbya resolutioncarried bya majorityof notless thantwo?thirdsof themembersvoting atany generalmeetingof whichduenoticehas beengiven.

 

 

GENERALMEETINGS

 

17.              An "AnnualGeneralMeeting" shallbeheldwithin fourmonthsof theclose oftheyear ofaccountof theSocietypursuant tosection 77of theAct, thebusiness ofwhichshall comprise:

a.        thereceipt of theaccounts andbalance sheetand allreports oftheBoard andof theauditors;

b.       theelection ofBoard members;


c.        theappointment ofan auditor;

d.       such  other  business  as  may  have  been  included  in  the  notices  convening  themeeting.

 

18.              All general meetingsother thanthe AnnualGeneral Meetingshall becalled "SpecialGeneralMeetings".

 

19.              A SpecialGeneralMeeting maybeconvened eitherupon anorder oftheBoardor upona writtenrequisition signedbyat leasttenper centof themembersof theSocietyor 25members, whicheveristhe lesser.Ifwithin twentyone daysof thedelivery ofa requisitiona meetinghas notbeenconvened thememberswho havesignedtherequisition mayconvene ameetingin themannerprovidedfor inRule 20.

 

20.              A GeneralMeeting shallbeconvened byat leastfourteen days’noticeinwritingeither byemail totheemail addressmost recentlynotifiedbythememberor postedor deliveredtothe addressof everymemberand toevery Boardmemberrecorded inthe registerof members,specifying whetherthemeeting isan AnnualGeneral Meetingor aSpecialGeneral Meetingand statingthetime,dateand placeat whichit istobeheld. Inthecase ofanAnnual GeneralMeeting, thenoticeshall includedetailsof thegeneral natureof thebusiness tobetransacted; inthecase ofa SpecialGeneral Meetingthe noticeshall containdetailsof theprecise natureof thebusiness tobetransacted, andnobusiness maybetransacted ata SpecialGeneral Meetingother thanthat specifiedinthenoticescalling it.

 

21.              A noticesent bypost toa member’sregistered addressshall bedeemedtohave beendulyserved 48hours afteritsposting.

 

22.              Theaccidentalomission tosend anynoticestoor thenon?receiptof anoticebyany membershall notinvalidate theproceedingsat themeeting.

 

 

PROCEEDINGSAT GENERALMEETINGS

 

23.              Noperson otherthan amemberdulyregistered shallbeentitledtovote onany questionat anygeneralmeeting. Eachmembershall holdone voteonly. Votesmay onlybegiven personally;proxyvoting isnot permitted.

 

24.              Nobusiness shallbetransacted ata GeneralMeetingunlessa quorumispresent.A quorumshall beten percentof themembershipor 25members, whicheverthe lesser,subjecttoan absoluteminimumof sixmembersincluding atleast onememberbeing (orhavingbeenappointed byor onbehalfof) RegenterMyatt’sField NorthLtd pursuantto Rule10.b.

 

25.              Ifat halfan hourafter thetimeappointed forthemeeting aquorum isnot present,the meetingifconvenedupon therequisition ofmembers, shallbedissolved. Inany othercase itshall standadjourned untila daynot morethan twenty?eightdays afterthedate


set fortheoriginalmeeting,and noticeshall begiven toall membersof theadjourned meetingas oftheoriginal meeting.Ifat suchan adjournedmeetinga quorumisnot presentwithin halfan hourafter thetimeset forthemeeting, thenthemembers shallconstitutea quorum.

 

26.              TheChairperson oftheSocietyshall presideat everyGeneral Meeting.Inthe eventofhisor herabsence orunwillingnessto act,theVice?Chairpersonshall preside.Inthe eventof hisor herabsence orunwillingnesstoact also,thememberspresentshall chooseone oftheirnumbertobeChairperson ofthemeeting.

 

27.              TheChairperson maywith theconsent ofthemeeting atwhich aquorum ispresent, andifso directedbythemeeting,adjourn fromtimetotimeand fromplacetoplace, butno businessshall betransacted atany adjournedmeetingotherthan thebusiness leftunfinishedat themeetingfrom whichthe adjournmenttook place.Where ameetingisadjourned for30 daysor more,noticeof theadjournment shallbe givenas inthecase oftheoriginal meeting,otherwise itshall notbenecessary togive anynotice ofany adjournmentor ofthebusiness tobetransactedat anadjournmentmeeting.

 

28.              Subject alwaystoRule54, atany GeneralMeeting aresolution puttovote ofthemeetingshall bedecidedon ashow ofhandsunlessa secretballot is,before oron thedeclaration oftheresultof theshow ofhands, demandedbyat leasttwomemberspresent.Unless a secret ballot be so demanded, a declaration by the Chairperson, thata resolutionhas onshow ofhandsbeencarried orlost andan entrytothat effectin thebook containingtheminutesof theproceedingsof theSocietyshall beconclusiveevidence ofthefactwithout theproof ofthenumberof proportionsof thevote recordedin favouror againstsuchresolutions. Thedemandfor asecret ballotmay bewithdrawn.

 

29.              Ifa secretballot isdulydemanded itshall betaken insucha manneras theChairperson directs(having regard always to Rule 54), and the result of the ballot shall be deemedtoberesolution ofthemeeting atwhich theballot wasdemanded.

 

30.              Inthecase ofan equalityof votes,whether ona showof handsor ona ballot,theChairperson shallhave asecond orcasting vote.

 

 

CONSTITUTIONOFTHE BOARD

 

31.              Unless otherwise determined by the Society ina General Meeting,the Society shall havea Boardcomprising notmore than15 andnot lessthan eightelected members(plus personsco?optedinaccordancewiththe provisionsof theseRules).

 

32.              TheBoard shallbeconstitutedas follows:

a.        four Boardpositionsshall bereserved formemberswho arelawful residentsand membersof 'TheHappenings'residents’ associationcontained intheScheme;


b.       twoBoard positionsshall bereserved formemberswho arelawfulresidents ofotherareas withintheScheme(such asthe'Oval Quarter')butwho donot qualifyunderRule32.a above;

c.        one Boardpositionshall bereserved fora residentof theestate knownas the'Cowley Estate'in Lambeth;

d.       one Boardpositionshall bereserved fora residentof theestate knownas the'Patmos Estate'in Lambeth;

e.       one Boardpositionshall bereserved fora residentof theestate knownas the‘Myatt’s FieldSouthEstate'inLambeth;

f.         one Boardposition shallbe reservedfor aresident ofany othersurrounding area;

g.        two Board  positions shallbereserved for individualsappointedbythe London Boroughof Lambeth;and

h.       twoBoard positionsshall bereserved forindividualsappointed byRegenterMyatt’sFieldNorth Ltd.

 

33.              TheBoard mayat anytimeco?optany person,whether ornot amemberof theSociety,toserve ontheBoard inaddition totheelectedmembers, subjecttothe followingprovisions:

a.        Co?opteesmay beco?optedwithfull,limitedor novoting rights,as determinedbytheBoard uponbeing co?opted.

b.       Nomore thansix personsmay beco?optedwith fullvoting rightsat meetingsof theBoard. Suchvoting co?opteesshall notbecounted forpurposes ofcalculatinga quorumbutshallotherwise befullmembersof theBoard.

c.        TheBoard mayat anytimeco?optany memberto fillany casualvacancy ontheBoard providedthat membersso co?optedshall neverexceedone thirdof thetotal Board.Priority forco?optionshall begiven tomembers whowere nominatedbut notelected attheprevious AnnualGeneralMeeting,inorder ofnumberof votescast.

d.       Subject toRule47, co?optedmembers shallserve untiltheAnnual GeneralMeeting followingtheirco?optionbutshall thereafterbeeligiblefor furtherco?option.

e.       Any personco?optedbytheBoard mayberemoved bythemajorityvote oftheBoard.

f.         TheBoard mayinviteotherpersons, whetheror notthemembersof theSociety,toattendany ofitsmeetings. Suchinvitedpersons shallnot havevoting rightsand shallonly havespeaking rightsat thediscretionof theChairperson.

 

 

THEFIRST BOARD

 

34.              Theinitial Boardof theSocietyfrom incorporationuntilthe firstAnnualGeneralMeeting shall be: Cheryl Duncan,Dorothy N’Tinu, Lilianna Reine,Edward Venni,Roger O’Sullivan,Mark Dibblin,Nick Wright,Andrew Saundersand oneof JohnGibson orFasil Raja.


35.              There shall be co?opted to the firstand each subsequent Board, as non?voting co?opteesinaccordance withRule 33.a:

a.        themanager oftheCentre; and

b.       an individualappointed bytheoperator ofthecafé locatedwithin theCentre.

 

 

ALTERATIONOFTHE BOARD

 

36.              At everyAnnualGeneralMeeting(otherthan thefirst AnnualGeneral Meeting)one? thirdof themembersof theBoard (orthenumberof membersnearest toone?third)shall retire.Those toretire shallbethose whohaveserved thelongest.Intheevent oftwoor morememberselectedon thesame day,those toretire, intheabsenceof agreement,shall bethose whoreceived thefewest voteswhen lastelected totheBoard.

 

37.              A retiringBoard membershallbeeligible tostand forre?election.

 

38.              New Boardmembersshall beelected asfollows:

a.        Nominations forelections totheBoardshall beinvitedbythe Societyfrom allmembers(by writing to eachmember ofthe Societyat the address recordedfor himintheregister ofmembers)not lessthan28 daysbefore thedateset fortheAnnualGeneral Meeting.

b.       Inorder to be valid,completed nominationforms mustbereceived atthe registeredofficeof theSocietynot lessthan fourteendays beforethedateset fortheAnnualGeneral Meeting.Nomination formsmust include:thenameand addressof theperson beingnominated;a signedstatement bythe personnominatedof hisor herwillingness tostand forelection; andthename,address andsignature ofthemembermakingthenomination.

c.        Theelection shallbeconductedbysecret ballotinsucha manneras theBoard shalldirect,provided thatall membersof theSociety aregiven clearinstructionsregarding howtheymay participateinthe election.

d.       Save in respect of the reservations containedin Rules32.b tof above,only membersof theSocietyor representatives oforganisations whichare membersmay standfor electiontotheBoard ormay nominatepersons tostand forelection tothe Board.

 

 

OPERATIONOFTHE BOARD

 

39.              Membersof theBoard mustmeettogether forthedispatchof business atleast sixtimesa year,and mayadjourn andotherwise regulatetheirmeetings astheysee fit.A Boardmembermay (andthe Secretaryat therequest ofa Boardmembershall) summona meetingof theBoard atany reasonabletimeproviding thatevery memberof theBoard shallreceive atleast sevenclear days’noticeof anysuchmeeting.


40.              Thequorum necessaryfor thetransaction ofbusiness ata BoardMeeting shallbesix electedmembers oftheBoard includingat leastone Boardmemberappointed byor onbehalfof RegenterMyatt’s FieldNorth Ltdpursuantto Rule32.h.

 

41.              At everyBoard meetingthe Chairpersonshall preside,butinthe eventof hisor herabsence orunwillingness toacttheVice?Chairpersonshall preside.Inthe eventof hisor herabsence orunwillingness toactalso, thememberspresentshallchoose oneof theirnumbertobeChairperson ofthemeeting.

 

42.              Subject alwaystoRule54, questionsarising attheBoard meetingsshall bedecidedbya majorityof votesof thosepresent.Inthe caseof anequalityof votestheChairpersonshall havea secondor castingvote.

 

43.              IftheBoard fallsbelow theminimumnumberas expressedinthese rules,theBoard shallacttofill vacanciesor tocall aGeneral Meetingof theSociety,and fornootherpurpose.

 

44.              Subject alwaystoRule54, aresolution inwriting signedbyall memberfor thetimebeing entitled to vote atmeetings of the Board shall be validand effectiveas if the samehad beenpassed ata meetingdulyconvened andheldand mayconsist ofseveral identicaldocuments eachsigned byone ormore members.

 

45.              Board membersshall declareall theirinterestsin,and subjectalways toRule54 shallnot voteinrespect of,any matterin whichheor shehas apersonal financialor materialinterestand ifheor shedoesvote, thatvote shallnot becounted.

 

46.              Board membersmay bepaid allreasonable expensesincurred bytheminattending andreturning frommeetingsof theBoardor GeneralMeetingsof theSocietyor inconnectionwiththebusiness oftheBoard, butshall otherwisereceive noremuneration.

 

47.              Theoffice ofa Boardmembershall beimmediatelyvacatedifhe orshe:

a.        resigns hisor herofficeinwriting totheSociety;or

b.       (beingan electedmemberof theBoard)ceases tobea memberof theSociety, orisreplaced astherepresentative ofan organisationwhichisthememberof theSociety,or isan individualnominated asa representativeof anincorporatedassociation whichcases tobea memberof theSociety;

c.        isremoved bya simplemajorityvote ofthemembers ata generalmeetingof theSociety,the noticesof whichspecifiedthat thequestionof suchremoval wastobe raised;or

d.       fails todeclarehisor herinterestinany matterwhich wasrequired tobedisclosed pursuanttoRule 45;

e.       fails toattendall Boardmeetings fora periodof sixmonths;

f.         becomesbankrupt.


OFFICERS

 

48.              TheBoard shallat itsfirst meeting(whichshall take placeimmediatelyfollowing thefirst AnnualGeneralMeeting)electfrom itsown numberas "Officers":

a.        one "Chairperson";

b.       one "Vice?Chairperson";

c.        one "Secretary";and

d.       one Treasurer,

to serve untilthefollowing AnnualGeneralMeeting.TheBoard mayalso appointanysuchofficers asitmay fromtimetotimedecide,who shallfulfil theroles givenbyand underthe directionof theBoard, andwho shallhave thosefunctions specifiedintheseRulesand suchotherfunctions astheBoard maydecidefrom timetotime.

 

49.              Any Officerelectedor appointedbythe Boardmay beremoved byit.Intheevent ofa casualvacancy occurring inany officer post the Boardmay appoint such of their numberas theythink fittofill suchvacancy.

 

 

POWERSAND DUTIESOFTHEBOARD

 

50.              Theactivities oftheSociety shallbemanaged bythe Boardwho may payall expensesof theformation oftheSocietyas theythinkfit andmay exerciseall suchpowers oftheSocietyas maybeexercised ordonebytheSocietyina generalmeeting.

 

51.              Noregulations madebythe Societyina generalmeetingshall invalidateany prioractof theBoard whichwould havebeenvalid hadtheregulations notbeenmade

 

52.              TheBoard maydelegate anyof itsfunctions tosub?committeesmade upof themembersof theBoard andsuchotherpersons asitseesfit providedthat nomore thantwomembersof anysub?committeemay bepersons otherthan electedmembers oftheBoard. Anysub?committeeso formedshall intheexercise ofitspowers conformwithany regulationsimposed uponitbytheBoard.

 

53.              All cheques,promissory notes,draft,billsof exchangeand othernegotiableinstruments, andall receiptsfor moniespaid tothesociety shallbesigned, drawn,accepted,endorsed orotherwise executedinsuch amanner astheBoard shallfrom timetotime byresolution determine.

 

 

UNDERWRITEPERIOD VETORIGHTS

 

54.              Throughout theperiod fromthe Society'sregistration until31 December2016:

a.        RegenterMyatt’sFieldNorth Ltd (ortheindividual(s) appointedby RegenterMyatt’s Field NorthLtd as members of the Society pursuantto Rule 10.b)shall, to the extent permittedbylaw, havetheright (whichitmay usein itsabsolute discretion)to veto


any orall resolutions passed atany generalmeeting of the Society to the extentthatsuchresolutions mayresult inthe creation,increase orextension ofany liabilityorfinancial obligationof theSociety;

b.       theindividual(s)appointed byRegenterMyatt’sFieldNorth Ltdas Boardmembersof theSocietypursuant toRule32.h shall,totheextent permittedbylaw, havetheright (which it may usein its absolute discretion) to veto any orall resolutions of theBoard totheextent thatsuchresolutions mayresult inthe creation,increase orextensionof anyliabilityor financialobligation oftheSociety;and

c.        theprohibitionon votingcontained inRule45 shallnot applyinrespect oftheindividual(s) appointedbyRegenter Myatt’sFieldNorthLtd asBoard membersof theSocietypursuanttoRule 32.h.

 

55.              RegenterMyatt’sFieldNorthLtdshall usethepowers ofveto providedbyRule54 ingood faithtopromote theorderly andprudentmanagementof theSociety.

 

 

BORROWING

 

56.              TheSocietymay receivefrom anyperson donationstowards itswork.

 

57.              TheSocietyshall havethepower toborrow moneyfor thepurposes oftheSocietyprovided thattheamountof moneyborrowed forthetime beingremaining undischargedshall notexceed £25,000.

 

58.              Inthecase ofa loanfrom theSociety’sbankersor ona mortgagetheSocietymay paysuchrate ofinterestfrom timetotime asmay benegotiable bythe Society,butinthe caseof anyothersource theSocietymay notpay interestat arate exceeding1% perannumabove theBank ofEnglandbase lendingrate or5% perannum,whichever ishigher

 

59.              TheSocietyshallnot receivemoney ondeposit

 

60.              Subject tothe proceedingclauses ofthisrule theBoard shallhave thepower todeterminefrom timetotimethe termsand conditionsupon whichthemoney isborrowed andvary suchterms andconditions.

 

 

INVESTMENTOFFUNDS

 

61.              TheSocietymay investany partof itsfunds:

a.        inor uponany securityin whichtrusteesare forthetimeauthorised bylaw toinvest;

b.       inor uponany mortgage,bond,debenturestock,corporation stock,rent charge,rent orother securities(not beingsecurities payabletobearer) authorisedbyor


underany Actof Parliamentpassed ortobepassed ofany LocalAuthority (asdefinedintheLocal GovernmentAct 2000);

c.        inthe sharesor onsecurity ofany othersociety registeredor deemedtoberegistered undertheActor ofany companyregistered undertheAct(orany otheractof Parliamentor by andcharter) providedthat no suchinvestment shallbe madein the sharesof anysociety orcompany other thanthe one with limited liability. TheSocietymay appointany oneor moreof itsmemberstovote onbehalfatany meetingof anyothercorporate bodyinwhich theSocietyhas investedany partof itsfunds.

 

 

APPLICATION OFSURPLUS

 

62.              Any surplusor anyotherprofit generatedbytheSocietyshall beapplied solelytoa generalreserve forthecontinuationand developmentof theSociety.

 

 

AUDITORS

 

63.              TheSocietyshall, inaccordancewith Part7 oftheAct,appoint eachyear oneor moreauditors towhom theaccounts oftheSocietyfor thatyear shallbesubmitted foraudit asrequired bytheAct,and whoshallbeinvitedtoGeneral Meetings,and begiven accesstobooksand informationas providedbytheAct. Forthe avoidanceof doubt,whether ornot requiredunder the Act,the Society shallappoint oneor moreauditors inaccordance withthisRule63 andPart 7of theAct.

 

64.              Theprovisions ofPart 7of theActshall applyinrespect oftheappointment(etc.)of auditorsbythe Society.

 

 

ANNUALRETURN

 

65.              Sections 89and 90of the Act shall apply in respectof annual returnsrequired to be filed bytheSociety, including(butnot limitedto) therequirementundersection 89(1)of theActtosend totheFCA withintheperiod of7 monthsbeginningimmediatelyafter theendof ayear ofaccount:

a.        an annualreturn preparedinaccordance withsections 89(2)to(4) oftheAct;;

b.       a copyof eachbalance sheetmade duringthe year;and

c.        a copyof theauditor's reportfor thatyear.

 

 

SOCIALAUDIT

 

66.              A socialauditof theSociety’s activitiesmay, byresolution oftheSocietyina generalmeeting,beundertakenannuallyinadditional toan annualreturn. Therole ofsucha social auditwould betoattempttoidentify thesocial costs and benefitsof the Society’s


work, andtoenable anassessmenttobemade oftheSociety’soverall performanceinrelation toits’objectsmore easilythan maybemade fromfinancial accountsalone.

 

67.              Sucha socialaudit maybedrawn upbyan independentassessor appointedbytheSocietyina GeneralMeeting orbytheBoard whomay submittheirreport forverification orcommentstoan independentassessor. Asocial auditmay includean assessment of the internalmanagementof the Society, democracyand decision making,healthand safety,skill sharingand educationopportunities, orothermatters concerningmembers’ welfare;and anassessment oftheSociety’s activitiesexternally, includingits effectson peopleengagedinthe sameor similaractivities, onusers, customersand suppliers,and onthecommunity.

 

 

RECORDS ANDSEAL

 

68.              TheSocietyshall keepat itsregistered officea "Registerof Members"inwhichthe Secretaryshall enterthefollowingparticulars:

a.        Thenamesand addressesof itsmembers;

b.       A statementthat oneshare onlyisheldbyeachmemberand thatone poundhas beenpaid oragreed tobeconsidered aspaid oneach share;

c.        A statementof anyotherpropertyheldintheSocietybyeachmember;

d.       Thedateat whicheachperson wasentered intheregister asa member,and thedateat whichany personceased tobea member;

e.       Thenamesand addressesof allBoard membersand theSecretary oftheSociety,withthe dateson whichtheassumed officeand thedateson whichtheyretired fromoffice.

 

69.              TheSociety shallkeep atits registeredoffice aduplicate registerof memberswhichshall also be keptinsecure electronic  format. Such duplicateregister ofmembers shallcontain theinformation inthe registerof membersexcept forinformation regardingmembers’ sharesand otherpropertyin theSociety.

 

70.              Any memberchanginghisor heraddress shallnotify theSociety.

 

71.              TheBoard shallensure thatproper minutesare keptof allgeneralmeetings, Boardmeetingsand sub?committeemeetings oftheSociety.Suchminutesshall includea recordof thosepresentand ofany decisionstakenand shallbeavailable forinspectionbyany memberand anyBoard memberof theSocietyat allreasonable times.

 

72.              TheSocietyshall havea sealkeptinthecustody oftheSecretaryand usedonly bythe authoritiesof theBoard. Sealingshall beattested bythesignature oftwo Boardmembersor ofone Boardmembersand theSecretaryfor thetime being.


AMENDMENTS TORULES

 

73.              Section16 oftheAct appliesinrespect ofall amendmentstothese Rules.

 

74.              Subject alwaystotheAct, andtorule54 above,any Rulehereinmay berescinded oramendedor anewrule madebya voteof threequartersof themembersof theSocietypresentand votingtoa GeneralMeetingof whichfourteenclear daysprior noticehas beengiven, suchnoticetoincludedetails ofthechange(s)to beproposed at  themeeting.No  amendment  of  rules is  validuntil registered  by  theFinancial ConductAuthority andany otherrequirementsof theActare met.

 

 

DISSOLUTION

 

75.              TheSocietymay bedissolved bytheconsent ofthreequartersof themembersbytheirsignatures ofan instrumentof dissolution, or by windingupin amanner providedby theAct.Ifon thewinding upor dissolutionof theSocietyany ofits assetsremain disposedof afteritsliabilitiesare satisfied,theassets shallnot bedistributedamong themembers, butshall, inaccordance withtheobject oftheSociety,betransferred tosuch organisationor organisationshavingobjectssimilar tothose oftheSocietyas maybedecidedbythe membersat orbefore thetimeof thewindingup ordissolution or,insofar astheassets arenot sotransferred, thentosome othercharitableobject.

 

 

DECEASEDAND BANKRUPTMEMBERS

 

76.              Upon aclaim beingmade bythepersonal representativeof adeceasedmemberor thetrusteein bankruptcyof abankruptmember, anypropertytowhich personalrepresentative ortrustee inbankruptcyhas becomeentitledmay beused asthepersonal representativeor trusteeinbankruptcymay direct.

 

77.              A membermay inaccordancewith theActnominate anyperson orpersons towhom anyof hisorherproperty  in theSocietyat the  timeof hisor her  death  shallbetransferred, butsuch nominationshall onlybevalid totheextent forthetime beingprovided inthe Act.On receivingsatisfactory proofof thedeath ofa memberwho hasmade anomination theSocietyshall, inaccordancewiththeAct,eithertransfer orpay thefullamount ofsuch propertytotheperson sonominated.

 

Contact information

Location: Myatt's Field Centre, 24 Crawshay Road, SW9 6AJ

Contact:
Stephanie Hudson
Email:&nbsp;<a href="mailto:shudson2@lambeth.gov.uk">shudson2@lambeth.gov.uk</a>

Our representatives