The Charity Commission has published its Revised Model
Memorandum and Articles of Association for Charitable Companies.
From October 1, companies will be formed using an article
of association which will contain all necessary provisions,
with the memorandum of association simply recording the
subscribers’ wish to form a company.
The Commission’s revised document is compliant with
It also contains some changes to clarify the restrictions
on conflicts of interest and directors’ benefits.
Existing charitable companies do not need to change the
format of their current governing documents – from
the date of the change, the provisions in the existing memorandum
of association will become part of the articles.
Additional questions and answers have been produced to
help charities understand incorporation and how to go about
Rosie Chapman, director of Policy and Effectiveness at
the Charity Commission said: “Our free-of-charge model
governing documents make it easier and quicker to set up
and register a new charity and nearly half of new charities
are set up as companies.
"Charities using this revised format can be confident
that the document is compliant with the modernised company
law framework that’s been introduced following the
passage of the Companies Act 2006.“
The new governing document and questions and answers are
available to download at: www.charitycommission.gov.uk