Terms & Conditions
LIABILITY OF MEMBERS
3. The liability of the members is limited to a sum not exceeding £10, being the amount that each member
undertakes to contribute to the assets of the charity in the event of its being wound up while he, she or it is a
member or within one year after he, she or it ceases to be a member, for:
3.1 payment of the charity’s debts and liabilities incurred before he, she or it ceases to be a member;
3.2 payment of the costs, charges and expenses of winding up; and
3.3 adjustment of the rights of the contributors among themselves.
4. The charity’s objects (Objects) are specifically restricted to the following:
4.1 To sell second-hand clothes in a shop, the proceeds of which will be distributed to the charity DIVINE LADIES WIDOWS and also to supporting widows in my community here in the UK.
5. The charity has the power to do anything which is calculated to further its Object(s) or is conducive or incidental to doing so. In particular, the charity has power:
5.1 to raise funds. In doing so, the charity must not undertake any taxable permanent trading activity and must comply with any relevant statutory regulations;
5.2 to buy, take on lease or in exchange, hire or otherwise acquire any property and to maintain and
equip it for use;
5.3 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 117 and 122 of the
Charities Act 2011;
5.4 to borrow money and to charge the whole or any part of the property belonging to the charity as security for repayment of the money borrowed or as security for a grant or the discharge of an obligation. The charity must comply as appropriate with sections 124 to 126 of the Charities Act
2011 if it wishes to mortgage land.
5.5 to co-operate with other charities, voluntary bodies and statutory authorities and to exchange information and advice with them.
5.6 to establish or support any charitable trusts, associations or institutions formed for any of the charitable purposes included in the Objects.
5.7 to acquire, merge with or to enter into any partnership or joint venture arrangement with any other charity.
5.8 to set aside income as a reserve against future expenditure but only in accordance with a written policy about reserves
5.9 to employ and remunerate such staff as are necessary for carrying out the work of the charity (the charity may employ or remunerate a director only to the extent it is permitted to do so by article 7 and provided it complies with the conditions in that article);
5.10.1 deposit or invest funds,
5.10.2 employ a professional fund manager, and
5.10.3 arrange for the investments or other property of the charity to be held in the name of a nominee.