I have taken the liberty of asking my online accountant, Crunch, whether they would do a freebie/discount for a CIC. They would be able to sort out banking as they get a small referral fee.
A number of banks do special accounts for CICs but I don't see a huge difference between them and business startup accounts. Perhaps in that CIC account might never have a monthly fee whereas a business account may start paying after a couple of years. https://www.metrobankonline.co.uk/Commercial/Bank-Accounts/Community-Accounts-for-Clubs-Societies-and-Charities/ http://www.co-operativebank.co.uk/business/community/community-directplus CIC banking charges involve a percentage on monies paid in over a certain value, e.g. 0.5% on payments of over £10k made in a month (a £50 charge per £10k paid in isn't exorbitant), or transactions over a certain value, e.g. 20p for every cheque after 200 in a month, and of course overdrafts at 25% but I am not expecting us to ever have one. Regards, Jez On Wed, 29 Jun 2016 at 12:36 Brian Prangle <[email protected]> wrote: > Hi everyone > > The final Articles of Association have now been available > <https://drive.google.com/file/d/0B6J5ZA1hu93bSUFIdERMNHZhM1U/view> for > some weeks and have attracted no comments, so I think it's safe to say we > can go ahead now and start the process of incorporation. We have 5 names > for interim directors (i.e legally necessary for incorportaion but all > standing down at an initial meeting so that an election can take > place).They are me, Rob Nickerson, Adam Hoyle, Greg Marler and Robert > Whittaker. (Others have indicated a willingness -if your name is not here > don't worry - you're not being excluded from the operational organisation - > just stand for election at the first meeting. Also if your name is here and > shouldn't be let me know) > > Thankyou to everyone who participated in getting us this far, it wasn't > the most inspiring of tasks examining the fine detail of an Articles of > Association document, and we'd all rather have been mapping. > > From now on it's just background boring bureaucratic stuff getting the > documents ready, legally reviewed, signed and off to Companies House and > setting up a bank account. Suggestions for a preferred bank welcome. I'll > keep everyone up to date as to where we are. > > Rather than wait for this process to complete I think we should start > discussing what we want to do as an organisation: what priorities we should > have, maybe a 100 day kickoff plan. To remind everyone, these are our > agreed objectives: > > - increase the quality and quantity of data about the UK in > OpenStreetMap; > - improve and increase the size, skills, toolsets and cohesion of the > OpenStreetMap community in the United Kingdom; > - promote and facilitate the use of OpenStreetMap data by individuals > and organisations in the United Kingdom; > - promote and facilitate the release by organisations in the United > Kingdom of data that is suitable for use in OpenStreetMap. > > > We still have some organisational stuff to agree, like what should the > membership fees be, what classes of members should there be; when where and > how do we organise our first meeting; and so on and so forth > > Let's get some discussion going here and when we've accumulated enough > comment, we can organise another conference call. > > Regards > > Brian > > _______________________________________________ > Talk-GB mailing list > [email protected] > https://lists.openstreetmap.org/listinfo/talk-gb >
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