Number 63 is run as a Registered Society, regulated by the Financial Conduct Authority under the Co-operative and Community Benefit Societies Act 2014 and managed by a Board of Directors of nine elected shareholders.
As a hotel, now a gracious old lady of 70, but with a history dating back some 150 years, Number 63 is a property with expensive needs for maintenance, upkeep and upgrading. As well as supporting this lovely boutique hotel by using the accommodation and other facilities, there is the opportunity to support the fundraising activities of the 500 and 2000 Clubs, whose additional income for 63 is very much appreciated.
The Purchase of Shares in Number 63 (Soroptimist Ltd)
Individual Soroptimists, Soroptimist Clubs, National Networks and Regions from any Federation which is part of Soroptimist International and all the Federations, are eligible to purchase share in Number 63 (Soroptimist) Limited which is a registered Community Benefit Society. Shares sales have now recommenced following the adoption of a new Rule Book at a Special General Meeting of the Society held on 19 January 2019.
The shares are £5 shares with a minimum purchase of 10 shares (total minimum cost £50). The shares carry no right to any dividends or profit on dissolution and are only repayable at up to par (i.e. a maximum of £5 each) at the discretion of the directors or on death. If any shareholder ceases to be a Soroptimist before applying for repayment, their shares are forfeited back to the Society without payment.
Shares may only be transferred to another Soroptimist, Club, Region or Federation.
Current shareholders holding less than the minimum of 10 shares have a period of 1 year from 19/1/19 to increase their holding to the minimum. After that, the par value of their shares will be treated as non-voting loan stock.
Please apply to Alison Cramer, the Share Registrar, at Number 63 Bayswater Road, London W2 3PH or email to email@example.com
The Platinum Appeal
The seventieth anniversary of the purchase of Number 63 by Soroptimists seemed a fitting time to launch a new appeal for funds to support the future of our Residential Club. The Platinum Appeal, launched on 29 November 2018, invites shareholders and supporters to contribute to the refurbishment of our iconic property, through interest free loans for a fixed five year period after which they will be repaid, donations and legacies. The funds raised will be used to further upgrade and improve bedrooms and public areas.
Alongside the Appeal, a booklet was launched, highlighting the history of the building and especially the 70 years of service by Soroptimists and friends. The booklet was researched and compiled by Director of Marketing and Communications Liz Batten, assisted by many past Chairmen and committee members. The booklet is available at a cost of £5.00 from Number 63 Reception and at the Number 63 (Soroptimist) Ltd Annual General Meetings, Federation Conferences and at Regional Meetings.
Details about the history and purpose of the 500 Club, recent winners and an application form to join can be found here.
Leave a gift
Legacies are a wonderful way for members who have enjoyed the privilege of staying at 63 over the years to leave a gift so that current and future generations can enjoy staying there too. Since 2003 more than £500,000 has been left in bequests to Number 63 which has been a tremendous help in funding refurbishment and updating of facilities.