The Committee of the Club would like to take this opportunity to inform members that the Club has been restructured to a Company Limited by Guarantee (“CLG”).This follows considerable consultation with professional and legal advisors along with support from the British Gliding Association
As announced at the last AGM, this restructure is intended to best serve the interests of the members of the Club and our sport, by formalising the Clubʼs legal status and protecting membersʼ rights and interests through a CLG.
The existing Rules of the Club have been reflected in a memorandum and articles of association required of a CLG and a proposed form of these documents will be available in due course on our web-site or on application to the Secretary.
Each current member of the Club has automatically become a member of the CLG on renewal of their 2008 annual membership.No further action is required.
All of the assets and liabilities of the Club have been transferred to the CLG. The incorporation of the VGC as a legal entity will have no functional change to the way we currently operate.
                                                                                                            

Extract from Spring 2008 Issue of VGC to be distributed shortly)Requires Adobe Reader)