I personally agree with TD’s comments on which MoA options we should choose, but perhaps the decision over Clause 5 Option 1 or 2 here:
Do we want to allow directors to:
· “enter into a contract for the supply of goods or services to the charity where that is permitted in accordance with, and subject to the conditions in, section 73A of the Charities Act 1993.”?
· “receive interest on money lent to the charity at a reasonable and proper rate which must be 2% (or more) per annum below the base rate of a clearing bank to be selected by the Directors.”?
· “receive rent for premises let by the Director to the charity if the amount of the rent and the other terms of the lease are reasonable and proper and provided that such a Director shall withdraw from any meeting at which such a proposal or the rent or other terms of the lease are under discussion.”?
Again, your comments are appreciated.