Aims of OxVox - a summary of the OxVox constitution
Go to: Objects Powers Not-for-Profit Membership Organisation Meetings Financial Audit
Background
OxVox is a Supporters Trust, which has been registered as an Industrial and Provident Society (IPS) with the Registrar of Friendly Societies (RFS), as recommended by Supporters Direct
The IPS operates a model rule system and the RFS monitors changes from that model. Everything OxVox does is guided and controlled by its Constitution which is based on the "Model Rules for a Football Community Mutual" produced on behalf of Supporters Direct. The model was approved by the RFS last year and has been adopted by other Supporters Trusts around the country.
Among the powers granted by the Constitution for the attainment of its objectives is the power to acquire an interest in the club (e.g. shares, etc.), the power to establish, promote, and maintain any lawful fundraising scheme and the power to hold and exercise proxies for shares in the club.
The Constitution guarantees that OxVox will operate for the benefit of the community it serves and that its members and officers will not profit, directly or indirectly, from its activities.
If OxVox ceases to exist or is dissolved by the membership, any assets remaining after payment of all debts and liabilities will be transferred to a sporting charity or charities operating for the benefit of the community in the area, or as directed by the membership.
OxVox is wholly owned by its membership. Every adult member will own one share and shares cannot be traded or transferred.
Membership can be open to any person, corporate body or company who is a supporter of the club, or has an interest in the game of football in the area, and who agrees to be bound by the OxVox Constitution.
The Constitution contains machinery for expulsion of members under appropriate circumstances and reserves the committee's right to refuse membership applications.
All adult members own one share renewable annually, with a nominal value of £1, and this may not be withdrawn, traded or transferred. Once individual membership ceases the share registered in the name of that member will be cancelled and the amount subscribed for the value of the share becomes the property of OxVox.
Shares carry no right to interest, dividend or bonus.
The management of OxVox is entrusted to a Management Committee, though the Constitution allows other arrangements if appropriate or necessary. The Constitution also allows the OxVox membership to specifically direct the Committee's actions.
In addition to the statutory annual general meeting (AGM), the Constitution allows for other general meetings to be called by the OxVox Management Committee or by the membership.
The OxVox Management Committee will meet at least 4 times in every calendar year.
The Constitution requires that the OxVox Management Committee appoint a qualified auditor to audit the revenue accounts and balance sheet for each financial year. A set of these accounts must then be presented at the AGM and a set must also be submitted to the RFS.
A copy of the full Constitution is available upon request to enquiries@oxvox.org.uk