Following the proposal on the 13th March 2021, and the resultant successful application to the Charity Regulator, we are pleased to announce the PCDT had become s Scottish Charities Incorporated Organisation (SCIO). This is a change of legal form but our objectives (now called “purposes”) remain essentially the same.The Articles of Association have been changed to a SCIO Constitution and rather than have a Board of Directors we now have a Board of Trustees. Both legal forms follow the model template produced by Development Trust Associated of Scotland (DTAS) and apart from the nomenclature changes are almost identical, both set out the same limits on Directors/Trustees Powers and offer the same protections for members.
• Independent, aiming for self-sufficiency and not for private profit.
• Engaged in the economic, environmental, and social regeneration of Portpatrick and surrounding area.
• Community based, owned and managed by the members.
• Actively involved in partnerships and alliances between the community, voluntary, private and public sectors.
We are pleased to report on the Special Board Meeting of the 29th March 2021, held to consider the members ballot on the legal form and constitution of the PCDT. Under the current Covid-19 restrictions this was an online virtual meeting to formally review the Board’s, recommendation to members that PCDT seek charity status, by converting to a Scottish Charity Incorporated Organisation (SCIO) and the subsequent ballot of members. It was noted that the membership notice and papers had been served on the 13th March 2021 by email and newsletter. The same information was also posted on our website with the opportunity to vote by paper or web site form.
Votes Received 24. Votes for the proposal 24. Votes against 0
A voting record has been placed in the company documents.
In consideration of the Boards’ recommendation to members and receipt of the members votes. The following resolution was passed in accordance with the Company’s Memorandum and Articles of Association:
We propose that following the unanimous vote by members of PCDT agreeing with the Board’s recommendation of 13th March 2021, the Board proceed to conversion to a Scottish Charity Incorporated Organisation (SCIO). Proposed by T Monteith and seconded Alex Palmer. The resolution has been entered in the register of company resolutions and the Board shall proceed accordingly.
PCDT is an incorporated organisation. As a Development Trust our stated aims and objectives included the provision of social and community facilities, supporting local environment initiatives, supporting local heritage and cultural improvements, youth development and providing support to local people, groups and businesses.
Having taken advice PCDT Board are of the opinion that the benefits of being a SCIO outweigh any potential disadvantages and are unanimously recommending to members a proposal to convert to a SCIO. It is however important to note that this is a one-way opportunity. A limited company can convert to a SCIO but a SCIO cannot convert back to a company, it would have to be dissolved.
You can read about the proposal and if you are a full member of PCDT then you can vote here.