> £50 is less than five members. We expect to have at least 20 members by the
> AGM
> according to
> http://meta.wikimedia.org/wiki/Wikimedia_UK_v2.0/Business_Plan#Membership

Yes, and most of that money will go on costs already incurred and
costs incurred as part of the AGM (in fact, I doubt 20 members will
cover all those costs - if the board want their travel costs paid for
the AGM [which I think would be reasonable], they will probably have
to wait until more money comes in).
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