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Memorandum and Articles

UK Athletics is formed as a company limited by guarantee. This means that instead of having shares or shareholders, it has Members (currently the members of the Council) who undertake to pay £1 each in the event of the company being wound up without sufficient funds. 

It does not distribute any surplus it makes; it is kept as reserves for future use. The Memorandum and Articles are the documents which set out:

  • what the company will do and its powers,
  • the rules for the running and regulation of the company’s affairs,
  • the compositions and relationship between the Council and the Board, and
  • other legal requirements.