Forum

[Alan R]

Hi Guys----- have any of you good folk out there currently have, or had in the recent past --- experiences of being involved as a Director in a Company Limited by Guarantee ??..........As some of you might be aware many Clubs, Societies, action groups etc. whose structure involves a Committee and a membership are now finding the benefits of becoming a "Company Limited by Guarantee".... the main one being that the individual within the Committee is no longer at risk of being sued for financial recompense for detrimental activities undertaken by the club.....

I ask this question as I have recently taken on the position of Treasurer within my Model Engineering Society ( One which I have done before ) but the Director Position is new to me ----- especially the returns to Company House at the end of the year.......How much detail must I contain within that return ??.........Some of our members are saying that such things as Capital Depreciation must be shown???.....Any help would be much appreciated...Cheers .

[beamish]

Speak to a solicitor. This too technical for this site imho. And before you ask, yes I am a retired solicitor!

[Rattlebattle]

I concur with that, though IMHO you should speak to an accountant (not me, retired now......). Whatever, it’s not particularly difficult.