Cooperation Walthamstow Expense Policy

Cooperation Walthamstow is currently using Open Collective to administrate financial transactions. Co-op funds are held by the Social Change Nest, who manage our account in a transparent, reliable and accountable way. Funds are anticipated from members’ subscriptions and public funding.

Co-op organisers are responsible for authorising expenses, raised by submitting an invoice or a receipt. All transactions are noted in the co-op budget and on the Open Collective platform.

Funds will be used for the following purposes:

Purchasing groceries as per the Co-op shopping list
Purchasing supplies associated with food distribution and related costs
Purchasing equipment associated with food storage and distribution
Paying for transport associated with food distribution

After an expense claim has been approved, it will be processed by the Social Change Nest team on their next working day which are: Monday, Wednesday and Fridays.

Payments will be made directly to a bank account.

Expenses must include a valid receipt or invoice, clearly showing the total amount spent, date, payee’s address and a description of the expense.

For more information email CooperationWalthamstow@gmail.com