Invoice #186850 to Sion Mills Community Forum
5% Management Fee
Paid
Invoice #186850
Submitted by The Social Change Nest•Approved by Andrew Patton
Feb 8, 2024
Invoice items
5% Management Fee for Grant Installment 8/2/24
£512.80 GBP
Total amount £512.80 GBP
Additional Information
payout method
Bank account
Details
********Expense created
By Andrew Pattonon
Expense approved
By Mei Yee Yauon
Expense scheduled for payment
By Mei Yee Yauon
Expense processing
By Mei Yee Yauon
Expense paid
Expense Amount: £512.80
Payment Processor Fee: £0.00
Net Amount for Sion Mills Community Forum: £512.80
Collective balance
Expense policies
Expense policies
Sion Mills Community Forum – Expenses Policy
Expenses will be covered for costs which support and progress our Ideas Fund project, for example and non-exhaustively:
· Equipment pertaining to the project e.g. fishing equipment, pottery supplies, drawing materials, clay materials
· Printing & promotion e.g. photographs
· Food, drink/hospitality for meetings and events etc
· Car mileage/travel
In line with the full transparency provided on the Open Collective website, the available budget, all financial contributions, and expenses reimbursed can be viewed on the Open Collective pages.
We will follow the guidelines of our Fiscal Host, Open Collective:
How to submit an expense
· Expenses will only be paid if there is enough income to cover the expenses within the collective.
· Expenses must be documented with a receipt or an invoice and approved by the collective admin.
· Both the receipt and invoice must include the provider name, address, amount, date and what the payment is for etc.
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
£9,353.94 GBPFiscal Host:
The Social Change Nest