Extraordinary General Meeting 26th March 2020 Presenter: Rob Blyth - - PowerPoint PPT Presentation

Extraordinary General Meeting 26th March 2020

Presenter: Rob Blyth (Vice chair) The presentation will start just after 8pm when everyone has been able to dial in - Please be patient A vote will be held at the end of this presentation when you can also hang up your phone

Kendal Snowsports Club – a CIO

• You will have an opportunity to ask a question at the

end of each slide

• If the answer to your question is further on in the

presentation we will say so and move on

• Please state your name and your question clearly
• Don’t speak over others

Kendal Snowsports Club – a CASC

• KSC is a CASC
• The Club does not exist legally
• The trustees ‘own’ the assets on behalf of the Club
• The Committee manage the Club day to day

Kendal Snowsports Club – a CASC

We have insurance BUT….

• Insurance companies seek to avoid losses
• The Club has widened its activities
• The Club is planning further expansion

Kendal Snowsports Club – a CIO

• Therefore, it is suggested the club move to an

incorporated status

Kendal Snowsports Club – a CIO

• This will be a Charitable Incorporated Organisation

(CIO)

• It will have limited liability
• This protects the officers and members of the club

Kendal Snowsports Club – a CIO

• The trustees and Committee unanimously support the

change

• The existing trustees will stay if they wish in the new

format

Kendal Snowsports Club – a CIO

• The aims and purpose of the Club will remain

unchanged

• The constitution will need minor legal changes - if the

change is approved a new version will be available for consideration

Kendal Snowsports Club – a CIO

This will require two step process:

• The creation of a new legal entity, the CIO, with a name

very similar to that which we now have.

• The transfer of the assets to the new legal entity and the

dissolution of the current CASC status

Kendal Snowsports Club – a CIO

Major benefits of operating as a CIO:

• Limited liability status
• Ease of entering into contracts
• Access to ‘charitable’ funding
• Simpler succession management for trustees

Kendal Snowsports Club – a CIO

Motion put to the Membership of Kendal Snowsports Club (the Club) The Committee puts before the members at an Extraordinary General Meeting of the Club on 26th March 2020, that the Membership of the Club resolves to provide the Committee of the Club with a mandate to:

• 1. Form a Charitable Incorporated Organisation (CIO) with objects compatible with the Club;
• 2. Transfer all property and assets of the Club to the CIO;
• 3. Subsequently dissolve the Club;
• 4. Authorise the members of the Committee to do and sign such things and documents in the name
• f and on behalf of the Membership as were necessary to implement the above steps and to

instruct the trustees holding property on behalf of the Membership to act in accordance with the above steps.

The above motion must be approved by a two-thirds majority of the Membership present (in a virtual capacity) at the Extraordinary General Meeting.

Kendal Snowsports Club – a CIO

• We, the Committee and the Trustees, ask you to support

the motion

• The voting link is now live on our web site
• Click here - www.kendalsnowsportsclub.co.uk/vote
• Or select menu option ‘Vote’ from Kendal Snowsports Club

home page or search for vote in search on home page

• Thank you and you cannot hang up the phone