Receipt #277480 to Coffee Afrik CIC
By Niall
on Expense scheduled for payment
By Niall
on Expense processing
By Niall
on Expense paid
Amount Paid for Expense: £27.96
Payment Processor Fee: £0.00
Net Amount for Coffee Afrik CIC: £27.96
Net Amount for Javiera Huxley: £27.96
Collective balance
Expense policies
Expense policies
Please make sure you type your full name and not just an initial. For example ‘John Smith’ instead of ‘J Smith’.
Coffee Afrik CIC: Community Bank Account
Expenses Policy
Updated March 2024
Introduction
Coffee Afrik CIC is in the process of developing and piloting ‘a Community Bank Account’ to transfer financial decision making and ownership from the organsation to the community.
The Bank Account will be the foundation for investment into community infrastructure, community-led business ventures, and into the community itself (through financial hardship funds).
We are using the Open Collective (via Social Change Nest) as an transparent platform to raise, host, and spend funds.
How to submit an expense
The Community Bank Account allows any Coffee Afrik Lead and/or community member to be
- Re-imbursed for a pre-agreed expense (ie. buying equipment; food; transport);
- Submit an invoice for a service/time (as agreed);
- Request a grant for community-led projects or initiatives;
- Request a financial hardship grant.
You can submit an expense by clicking this link. You will be sent to a page where you will be able to input your bank account details for the payout.
Please note you will also have to create an Open Collective profile to be paid.
Approval process
The Community Bank Account admin team (Abdirahim Hassan, Francesca Godfrey, Simeera Hassan) will be regularly monitoring requested expenses, and will endeavour to approve any requests as soon as possible.
Social Change Nest (who operate the platform) process payments on Mondays, Wednesdays, and Fridays.
Documentation required:
- Expenses: receipts, however this not compulsory (particularly for smaller amounts);
- Invoices: please submit an invoice to the relevant team member by email, before requesting funds on the platform;
- Grants should be pre-discussed with the Coffee Afrik team prior to making a request. For larger amounts a proposal may be required.
Plans for the Community Bank Account
In the coming months, a community-led governance approach for the Bank Account will be co-produced with the community.
Contact
If you have any questions, please contact Francesca
[email protected] who will be able to help you.
FAQ
How do I get paid from a Collective?
Submit an expense and provide your payment information.
How are expenses approved?
Collective admins are notified when an expense is submitted, and they can approve or reject it.
Is my private data made public?
No. Only the expense amount and description are public. Attachments, payment info, emails and addresses are only visible to you and the admins.
When will I get paid?
Payments are processed by the Collective's Fiscal Host, the organization that hold funds on their behalf. Many Fiscal Hosts pay expenses weekly, but each one is different.
Why do you need my legal name?
The display name is public and the legal name is private, appearing on receipts, invoices, and other official documentation used for tax and accounting purposes.
Collective balance
£992.19 GBPFiscal Host:
The Social Change Nest