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:
http://www.charity-commission.gov.uk/Library/publications/pdfs/gd1text.pdf
is controversial.
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.
Tom