Rhythms of the World to be dissolved
All three Trustees resigned at the Charity’s AGM on 20 March. It was not possible to elect three or more new Trustees from the membership, which means that it can no longer continue in compliance with its Articles of Association. Regretfully, the Charity and Company will be wound down over the coming months, steered by a working group. They will assess the Company’s assets and liabilities and propose the mechanism for the disposal of any remaining assets in compliance with legal obligations and the Articles of Association.
The membership was unable to elect Trustees at the AGM, which means it is unable to continue and will be wound down. After some discussion, it was agreed to form a working group to assess and propose a mechanism for disposal of the Company’s assets in line with the articles of association.
The outgoing Trustees said, “This is not a situation we wish to find ourselves in. However, with declining membership and other constraints, Rhythms of the World can no longer continue to deliver its charitable aims. Although sad, we ask that the community remember the great times that we had over 30 years of bringing music and art to Hitchin. We offer our heartfelt thanks to all that volunteered and supported the festival over the years and will work to ensure that the legacy of Rhythms of the World is cherished into the future.”
The outgoing, and past trustees, thank you for 31 years of Rhythms.
If you would like to comment, join or contact, the working group please email: email@example.com