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[LUG]Re: Lug funds
- To: list@xxxxxxxxxxxxx
- Subject: [LUG]Re: Lug funds
- From: Henry Bremridge via list <list@xxxxxxxxxxxxx>
- Date: Sun, 12 Oct 2025 14:50:20 +0100
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- Cc: Henry Bremridge <henry.bremridge@xxxxxxxxx>
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Top posting and designed for charities but
https://www.ncvo.org.uk/help-and-guidance/setting-up/
On Sun, Oct 12, 2025 at 11:55:03AM +0100, Helen McCall wrote:
> Dear Paul and Julian and all,
>
> I agree with Paul that Julian's idea is a good one. Having over my long
> life set up various community groups/clubs, I am aware that to get a
> group bank account like this needs several things in place:
>
> 1) Need a legally constituted association.
>
> 2) A legally constituted association requires at least two officers as
> Treasurer and Chair. Other officers such as a couple of assistant
> Treasurers can then be added to that.
>
> 3) The association needs a (preferably simple) Constitution.
>
> 4) The Association need to have members, which might just be anyone who
> subscribes.
>
> 5) We need to find a bank willing to give free banking to community
> associations. Some do and some don't.
Changing authorised signatories can be a REAL pain
>
> The Constitution needs some vital components:
>
> a) Description with aims and objectives
> b) Definition of Officers of Committee
> c) Definition of modes of membership
> d) declaration of being in perpetuity
> e) description of how the association might be wound up and funds
> distributed.
>
2025-10-12 14:48:13
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