So we can both run off with it together eh?
No problem! I would recommend a separate bank account with two signatories. Depending on how our “pledgors” feel, I would not be able to audit the fund if I was a signatory – that is, if it is felt appropriate and/or necessary to have the accounts audited. This would, of course, be free of charge.
I would be more than happy to be a signatory and, if an audit was felt appropriate, I’m sure I can sweet talk (i.e. bribe) a colleague into doing it.
I’m quite prepared to pop over from The North Folk to The South Folk!
Cheers
Whirls