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[LUG]Re: Lug funds

 

Hello Henry,

Thanks for the link, but making it a charity will involve a lot of work
for a number of people, and terrible legal responsibilities.

All we need to do is to establish the user group as a Legal Entity
being a community association, so that we may have a bank account.

Helen McCall

On Sun, 12 Oct 2025 14:50:20 +0100
Henry Bremridge via list <list@xxxxxxxxxxxxx> wrote:

> 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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