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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Wilson Vet Group

News

12 Dogs of Christmas Update

Published 16/01/2017
So our intrepid volunteers have completed their task! Hannah Critchlow has slept, with her Stray Aid rescue dog Jasper, for the traditional "Twelve Days of Christmas", staring on Christmas Day night. Each night she was joined by another Stray Aid volunteer and their ex-Stray Aid rescue dog. Here are their stories: On this, the first night of Christmas me and Jasper here will be s...…read more

Stray Aid's 12 Dogs of Christmas

Published 22/12/2016
Stray Aid's volunteer team have chosen to spend 12 nights sleeping in the kennels to raise money towards repairs, improving and expanding upon the rehoming centre kennels. The volunteers and their adopted dogs will be sleeping in the 20 Block of kennels that is the first in line to be improved upon. Their target is 12,000 for these 20 kennels and roofing for a further 15 kennels,...…read more

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