Memorandum of Association of a company limited by guarantee and not having a share capital.
1. The name of the Company is Student Activities Safety Association whichmay also be known by the initials SASA and is hereinafter called “the
association”
2. The registered office of the Association is to be situated in England and Wales.
3. The objectives for which the Association is established are; 3.1 To act as a representative national body for professionals acting in the area of safety in student sports, activities and events at further and higher education institutions. 3.2 To acquire the assets and undertaking of the unincorporated association called “Student Activities Safety Association” (also known as SASA) and enter into any agreement or agreements for that purpose. 3.3 To establish SASA as a recognised voice of safety practitioners in all Student Activities. 3.4 Promote good practice within all Student Activity Groups. 3.5 Raise awareness of Safety & Risk Management 3.6 Liase with relevant national agencies and governing bodies to encourage delivery of safe practices.
4. And the Association shall have the following powers exercisable in furtherance of its said objects but not otherwise, namely: - 4.1 To purchase, take on lease or in exchange, hire or otherwise acquire real or personal property and rights or privileges, and to sell, let, mortgage, dispose of or turn to account all or any of the property or assets of the Association. 4.3 To undertake and execute any charitable trusts which the Association may lawfully undertake. 4.4 To borrow or raise moneys on such terms and on such security as may be thought fit. 4.5 To invest the moneys of the Association not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) and such consents (if any) as may for the time being be imposed or required by law and subject also as hereinafter provided. 4.6 To establish and support or aid in the establishment and support of any charitable associations or institutions and to subscribe or guarantee money for charitable purposes. 4.7 To do all such other things as are incidental to the attainment or furtherance of the said objectives or any of them.
5 Provided that: - 5.1 In case the Association shall take or hold any property which may be subject to any trusts, the Association shall only deal with or invest the same in such manner as allowed by law, having regard to such trusts. 5.2 The Association’s objectives shall not extend to the regulation of relations between workers and employers or organisations of workers and organisations of employers. 5.3 The income and property of the Association shall be applied solely towards the promotion of its objects as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise however by way of profit, to members of the Association.
Provided that nothing herein should prevent any payment in good faith by the Association- 5.3.1 of reasonable and proper remuneration to any member, officer or servant of the Association for any services rendered to the Association; 5.3.2 of interest at a rate not exceeding 6 per cent. Per annum on money lent or reasonable and proper rent for premises demised or let by any member of the Association or its Governing Body; 5.3.3 to any member of its Governing Body of out-of-pocket expenses; 5.3.4 to a company of which a member of the Association or of its Governing Body may be member holding not more than one hundredth part of the capital of such company.
6 No addition, alteration, or amendment shall be made to or in the provisions of the Memorandum or Articles of Association for the time being in force, which would have the effect that the Association shall cease to be a company to which section 30 of the Companies Act 1985 applies.
7 The liability of members is limited.
8 Every member of the Association undertakes to contribute such amount as may be required (not exceeding £1) to the assets of the Association if it should be wound up while he is a member of within one year after he ceases to be a member, for payment of the Association’s debts and liabilities contracted before he 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
We, the subscribers to this Memorandum of Association, wish to be
formed into a Company pursuant to this Memorandum.
Name Address Signature Date Witnessed by |