Lower Streatham Neighbourhood Watch and Residents Association Method for Collection of Subscriptions and Donations 1 Scope of this Document The Lower Streatham Neighbourhood Watch and Residents Association, hereinafter referred to as "the Association", requires a certain amount of funding, and a main method of achieving this is by collection of subscriptions and donations from members. This document lays out the way in which these monies are to be collected and recorded. The scheme is based upon using triplicate recording books, and at present prices and one pound subscriptions the record books cost between 3% and 5% of the subscriptions collected. 2 Collection Procedures 2.1 Subscriptions may be collected by any of the officers of the Association including nominated Helpers, but only if they possess and use the necessary form of advice/receipt book as described here below. 2.2 Each collected subscription with its two relevant advice slips must be delivered within seven days to the Treasurer, or, in the case of collections by Helpers, to any Street Coordinator of the Association. In the latter case the Coordinator must deliver the monies and advice slips within a further seven days to the Treasurer. 2.3 Each subscription must be accompanied by two advice slips produced as carbon copies of a receipt given to the subscriber, marked "SUBSCRIPTION", carrying: ESSENTIALLY: Name and address of the subscriber. Signature and date by the collector. WHENEVER AVAILABLE: Telephone number. Email address. Please mark these slips clearly. Phone number and email address are very useful, so please try to obtain them unless there is explicit reason for not doing so. Where the new member uses email then request an email with subject "New Member" to be sent to the Membership Secretary (currently to the address LSNW@ABOOTH.CO.UK) containing the name, address and phone number of the new member to act as a check against the paper record. 2.4 A printed clarification of the instructions contained in section 2.3 above is to be glued into the cover of each receipt book. 2.5 The advice/receipt books are to be issued by the Treasurer with signed cover sheet dated with an expiry date and a journal record of the issue shall be kept by the Treasurer. Any such book on which the signature and expiry date are not clearly readable is not valid for collection purposes. Any such books which are date expired, used up, or which are excess to requirements or otherwise unusable must be returned to, recorded by journal entry and any unused slips destroyed by the Treasurer so as to resist their use for fraudulent or erroneous collection of subscriptions. 2.6 Donations may be collected and recorded by the same persons and procedures as for subscriptions, except that the slips shall be marked saying "DONATION" instead of "SUBSCRIPTION". 3 Accounting of Sums Received For each subscription or donation received the first of the two advice copies in the three part carbon copy book is to be used by the Treasurer as a primary record leading to further accounting. The Treasurer will store these advice slips as part of the accounting record. 4 Recording of Member Payment Status For each subscription or donation received the second of the two advice copies in the three part carbon copy book is to be forwarded by the Treasurer to the Membership Secretary within seven days as notification for update of the payment status of the respective member record and the membership record must be updated within a further seven days of receipt of this notification by the Membership Secretary. These second copy advice slips need not be stored after the membership record has been properly updated. 5 Subscription Amounts and Periods The standard subscription for all members is one pound per annum payable in advance for individual periods of the calendar year or part of it. Where a new membership or recovery from lapse greater than one year is established within the last three months of a calendar year the membership rights shall start immediately whilst the one pound payment is credited to cover the following calendar year. To reduce the collection work involved any member may subscribe for a forward period of up to twenty years. However once such advance payment is made no guarantee is offered that a refund would be possible in case of either resignation of the member or of liquidation of the Association, though if funds permit then such refund may be offered at Chairman's discretion.