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

Just An Hour

Published 07/05/2017
There are so many different ways that people help our charity. We were incredibly fortunate to have a visit recently from a team of dedicated volunteers from Northumbrian Water, joined by Seymour Civil Engineering and supported by Olivers Tree Services. When I say "team" I really mean it! John Knowles, Technical Support Advisor from Northumbrian Water, visited our site recently on...…read more

Annual Dog Show Sunday 28th May 2017 at Hardwick Park, Sedgefield

Published 06/05/2017
On Sunday 28th May we will be holding our Annual Dog Show at Hardwick Park, Sedgefield, TS21 2DN, 10am-4pm. Parking on site is available next to the show ring at a cost of £2 up to 2 hours and £3 over 2 hours. There will be 17 classes to enter so always something for everyone, all classes have an entry fee of £2.  We will also be joined by Scrappy the Fire Dog and a HMP Search Do...…read more

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