The Liverpool Commonwealth Association is a company Limited by Guarantee (Registration Number 11678821) and its Members are each entitled to:
- Receive a copy of the company’s annual accounts;
- Attend general meetings and cast a vote;
- Elect Directors/Trustees by voting at the Annual General Meeting; and
- Vote on any significant changes to the company, its purpose, its name or how any profit is applied.
Any profit made by the company will be retained as a contribution towards the cost of activities in future years. Members are, therefore, not entitled to receive any dividend or other distribution from the company, including if the company is wound up.
The Association’s constitution is contained in the Articles of Association, its rules and by-laws. A copy of the articles and the other rules made to date are available on request.
If the Association is wound up, the maximum a Member commit to paying towards the company’s debts is £1. This is the guarantee a person or organisation would make upon becoming a Member, as described in the Articles of Association, and applies for the time of joining as a Member and 12 months thereafter.
Applications for any category of membership shall be considered by the Trustees, which shall be authorised to accept or reject applications for membership at its sole discretion.
The Trustees may reject applications for membership if it has reasons to believe that it is in the best interests of the organisation that such person or organisation should not be accepted as a Member.