The Companies Act 1985 and The Companies Act 1989
COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL
MEMORANDUM OF ASSOCIATION OF
Netherton Park Neighbourhood CENTRE
Incorporated the 11th day April 2011.
Registered number : 7600057
The Company’s name is the Netherton Park Neighbourhood Centre ( and in this document it is called “the Charity”)
The Charity’s Registered office is to be situated in England and Wales.
The Charity’s objects (“the Objects”) are: –
To provide community facilities and activities in order to promote social welfare, education, recreation and leisure within the Netherton Park area and by so doing improve the welfare and spirit of those living within the area. The facilities are intended to assist all those living within the community in order that they may achieve their full potential, as both individuals and members of Society, as well as improving their general conditions of life”
In furtherance of the objects but not otherwise the Charity may exercise the following powers:
(a) to draw, make, accept, endorse discount, execute and issue promissory notes, bills, cheques and other instruments, and to operate bank accounts in the name of the Charity.
(b) to educate and inform the public concerning the issues affecting young people in their communities and to encourage
young people to play an active role for the benefit of their community.
(c) to issue appeals, hold public meetings and take such other steps as may be required for the purpose of promoting and
publicising the objects of the Charity and procuring contributions to its funds in the shape of donations, subscriptions
(d) to communicate and co-operate with government and authorities, national, local or otherwise and to obtain from such
bodies any rights, privileges and concessions for the attainment of the Charity’s objects or any of them.
(e) to raise funds and to invite and receive contributions; Provided that in raising funds the Charity shall not undertake any
substantial permanent trading activities and shall conform to any relevant statutory regulations.
(f) to acquire, improve, alter and (subject to such consents as may be required by law) to charge or otherwise dispose of
(g) subject to clause 5 below to employ such staff, who shall not be directors of the Charity ( hereinafter referred to as the
“the trustees”). As are necessary for the proper pursuit of the objectives and to make all reasonable and necessary
provision for the payment of pensions and superanuation to staff and their dependants;
(h) to establish or support any Charitable trusts, associations or institutions formed for all or any of the Objects;
(i) to co-operate with other charities, voluntary bodies and statutory authorities operating in the furtherance of the Objects
or similar charitable purposes and to exchange information and advice with them;
(j) to pay out of the funds of the Charity the costs, charges and expenses of and incidental to the formation and
registration of the Charity;
(k) to buy, take lease or in exchange, hire or otherwise acquire any property and to maintain and equip it for use;
(l) to sell, lease or otherwise dispose of all or any part of the property belonging to the Charity. In exercising this power, the Charity must comply as appropriate with sections 36 and 37 of the Charities Act 1993;
(m) to borrow money and to change the whole or any part of the property belonging to the Charity as security for repayment of the money borrowed .The Charity must comply as appropriate with sections 38 and 39 of the Charities Act 1993 if it wishes to mortgage land;
(n) to set aside income as a reserve against future expenditure but only in accordance with a written policy about reserves;
(o) to :
I. deposit or invest funds;
II. employ a professional fund manager; and
III. arrange for the investments or other property of the Charity to be held in the name of a nominee;
in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000.
(p) to do all such other lawful things as are necessary for the achievement of the Objects;
The income and property of the Charity shall be applied solely towards the promotion of the Objects and no part shall be paid
or transferred, directly or indirectly, by way of dividend, bonus or otherwise by way of profit, to members of the Charity, and
no trustee shall be appointed to any office of the Charity paid by salary or fees or receive any remuneration or benefit in money
or money’s worth from the Charity: Provided that nothing in this document shall prevent any payment in good faith by the
(1) of the usual professional charges for business done by any trustee who is a solicitor, accountant or other person
engaged in a profession, or by a partner of his or hers, when instructed by the Charity to act in a professional capacity
on its behalf ; provided that at no time shall a majority of the trustees benefit under this provision and that a trustee
shall withdraw from any meeting at which his or her appointment or remuneration , or that of his or her partner, is
(2) of reasonable and proper remuneration for any services rendered to the Charity by any member, officer or servant of
the Charity who is not a trustee;
(3) of interest on money lent by any member of the charity or trustee at a reasonable and proper rate per annum
not exceeding 2 percent less than the published base lending rate of a clearing bank to be selected by the
(4) of reasonable and proper rent for premises demised or let by any member of the company or a trustee;
(5) to any trustee of any reasonable out-of-pocket expenses.
The liability of the members is limited.
Every member of the Charity undertakes to contribute such amount as may be required (not exceeding £10) to the Charity’s assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for the payment of the Charity’s debt’s and liabilities contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
If the Charity is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property it shall not be paid to or distributed among the Charity, but shall be given or transferred to some other Charity or Charities having similar Objects which prohibits the distribution of its or their income or property to an extent at least as great as is imposed on the Charity by Clause 5 above, chosen by the members of the Charity ay or before the time of the dissolution and if that cannot be done then to some other charitable object.
We, the persons whose names and addresses are written below, wish to be formed into a company under this memorandum of association.
Signatures, names and addresses of subscribers
Dated the …………………….
Witness to the above signatures: