Articles of Association
The full articles of association for the charity are 90% Companies House boiler plate, and the admin-editable document is here for any future adjustments to the Articles, and here for a version suitable for accessory funding documentation.
However, the Additional Provisions clause is the primary aspect of this document that is relevant to the operation of the charity, and is repeated here, as they fundamentally define the characteristics of the organisation.
Changes to this document will not mean anything; changes to the articles can only be ratified at an AGM, and only then after receiving approval from the Charities Commission for Northern Ireland, can Companies House be informed of the change to the articles.
Part 5 - Additional Provisions
Objects of the company
40.—(1) The objects of the company are the education of the public in STEAM (Science, Technology, Engineering, Arts and Mathematics) and the provision of community accessible workspaces to facilitate STEAM outreach and education in Northern Ireland, primarily focused in the Belfast area.
Promotion of objects using income
41.—(1) The income and property of the company must be applied solely towards promoting its Objects.
Prohibition of payment of dividends or capital
42.—(1) As the income must be solely used for promotion of the company’s Objects, no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit to members or Directors of the company.
Distribution of assets upon company wind up
43.—(1) If the company is wound up or dissolved, and there remains any property after all debts and liabilities have been met, the property must be given or transferred to some other charitable and educational institution.
Requirements of members upon company wind up
44.—(1) Every member of the company agrees to contribute to the company £5.00 or any smaller amount required of it if the company is wound up while he or she is a member or within a year afterwards.