Stray Aid - A Stray Dog's Best Friend - Charity No. 1117372
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Stray Aid, Limited by Guarantee

Why is Stray Aid a company limited by guarantee? Companies limited by guarantee are widely used for charities, community projects, clubs, societies and other similar not-for-profit bodies - that is, they do not distribute their profits to their members, but retain them within the company or use them for a charitable purpose.

The reason for the charity to be a company limited by guarantee is to protect the people running the company from personal liability from the company's debts, and also other bodies such as local authorities will insist on an organisation being so registered to trade with it.

If a charity is not registered as a limited company, the people running it can be made personally liable for unpaid debts, which could be substantial if the charity owns property, employs people, runs vehicles and has equipment and finance contracts. If, due to unforseen circumstances, a sudden withdrawal of financial support leads to a shortfall, the people running the company will only become personally liable for the company's debts if they are guilty of some wrong-doing, such as wrongful or fraudulent trading. 

A company limited by guarantee is much like an ordinary private company in that it must have at least 1 director. Stray Aid has a board of directors whose powers come from the company's articles and when the directors act collectively when they sit as a board, they can pass resolutions for the management of the company, set up sub-committees, delegate powers and may give particular responsibilities to individual directors. Some directors may be appointed by outside bodies, or be elected from within the charity itself.

In a company limited by guarantee, there are no shareholders but the company must have at least 1 member who is entitled to attend general meetings and vote. A company limited by guarantee cannot have share capital but it can borrow money and may issue debentures. As there are no shareholders it is not possible to own a company limited by guarantee in the way that a company with a share capital is owned by its shareholders, however the members control it in the same way shareholders control a share company, but they do not have shares or other securities in the company that they can sell to another.

A list of Stray Aid's current directors and members can be seen in "Who's Who".

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Affiliates

Wilson Vet Group

News

Back to school for Izzy and Lola!

Published 29/06/2017
  As part of our charity's awareness and promoting responsible ownership in line with Durham County Council's Civic Pride Team, we are asked by local schools and a variety of other groups to attend dates and deliver talks and engage with current owners and owners of the future. Recently we were asked to attend Sherburn Village Primary School where the children along with their tea...…read more

Persimmon Homes - Charity Community Champion

Published 13/06/2017
We are proud to publish a press release made by Persimmon Homes, Durham, who have supported our charity greatly this year as one of their Charity Community Champions.  Following visits by their staff to our centre to see the work that we do they have donated £4,000 which is absolutely amazing and very much appreciated by us all at Stray Aid. …read more

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