On 18 August, the club held an EGM to decide whether to move the club's activities from being run by an 'unincorporated' organisation to an 'incorporated' Company Limited by Guarantee. The reason for the proposal was to enable to club itself (rather than individual committee members) to enter into contracts and hold assets on behalf of the club. Full details about the EGM and the proposal are on the website here. The EGM agreed to the proposal unanimously, and we have now set up a new company, called 'Bigfoot Youth Cycle Club Ltd' and we will now begin the process of formally moving the club, and its contracts and assets to the new company. How does it affect you? And what do you need to do? There is no need for anyone participating in the club to do anything, the transition will happen automatically.
We'll keep you updated with progress over the coming months. |
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