Forum Bank Account Closure

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CitroJim
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Forum Bank Account Closure

Post by CitroJim » 08 Oct 2014, 16:26

Some five years ago now I opened a bank account for the BXC and FCF when it was anticipated the forums would have to be commercially hosted and regular payments and fundraising would be required to meet the costs.

Thankfully that never happened and since then the forums have enjoyed free hosting and very low running costs. As a result the forum bank account is now serving no useful purpose and is proving to be an administrative headache in some respects.

The account will therefore be closed in the next few weeks.

Currently a number of members are paying small contributions into the account on a monthly basis. I should be grateful now if those members could please brings those contributions to a close and advise me when that has been done please. I do not want to formally close the account until all regular payments into it have ceased.

I should like to take this opportunity to say a big and grateful thank you to all members who have contributed over the years either via regular payments or one-off payments. It has been very much appreciated.

Those who wish to contribute to forum running costs can still do so via the forum PayPal account. This can be found at forumfund (at) bxclub.co.uk. Any contributions so made will be acknowledged.

Currently, between the PayPal account and the Bank Account the forum has funds exceeding £400. These are tucked away in a savings account. With our current arrangements this is enough to keep the forums going for another four years at least as our only real costs are domain registrations, the occasional small piece of hardware and subscriptions to our email host.

The funds held in the name of the forums are audited on a weekly basis by an independent treasurer.

Thank you.

Peter.N.
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Re: Forum Bank Account Closure

Post by Peter.N. » 08 Oct 2014, 22:54

Thanks for all your good work Jim and the others of course, you run a very useful and friendly forum.

Peter

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CitroJim
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Re: Forum Bank Account Closure

Post by CitroJim » 09 Oct 2014, 04:17

superloopy wrote:Jim ... i have a 'yearly' standing order ... closedown?
Yes please Mike.

And many thanks for all the donations to date!
Peter.N. wrote:Thanks for all your good work Jim and the others of course, you run a very useful and friendly forum.
Thank you Peter, very kind words but it’s not just me. There's a whole team behind this forum :)

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Trainman
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Re: Forum Bank Account Closure

Post by Trainman » 10 Oct 2014, 12:11

CitroJim wrote: it’s not just me. There's a whole team behind this forum :)
Agreed =D> so thank you to you all. =D> =D> =D>

Homer
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Re: Forum Bank Account Closure

Post by Homer » 25 Nov 2014, 06:49

Oops, missed this.

DD cancelled.

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CitroJim
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Re: Forum Bank Account Closure

Post by CitroJim » 25 Nov 2014, 06:51

Thanks Homer :-D