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Dormant bank account where funds were promised to charity
7 replies
3.5K views
JosephHumpoletz
Forumite 2 posts
I've just taken over as Treasurer for my local scout group (we'll call it 'A'). My first task is a real headache and I need some advice to see if anyone has been in a similar situation.
Here's the background:
In 2009 Scout Group B merged with Scout Group A due to low numbers and financial difficulties. It was agreed that the Group B's funds would be passed to Group A - this never happened and we are now 10 years down the line.
There are two signatories for Group B's Barclays bank account, 1 has moved away and the other we have a telephone number for but have had no answer yet so we have been unable to get them involved. I approached Barclays today to see if our minutes were proof enough for the transfer or whether they had details for the signatories but they couldn't help in-store. They gave me the Mandate Team's number who were less than unhelpful. They couldn't find an account under the details I gave so I'm assuming it's gone dormant. I was then given the number for the governments Treasury Solicitors but as we're a charity and not a limited company, they can't help either.
Is there any advice or thoughts on the matter?
Here's the background:
In 2009 Scout Group B merged with Scout Group A due to low numbers and financial difficulties. It was agreed that the Group B's funds would be passed to Group A - this never happened and we are now 10 years down the line.
There are two signatories for Group B's Barclays bank account, 1 has moved away and the other we have a telephone number for but have had no answer yet so we have been unable to get them involved. I approached Barclays today to see if our minutes were proof enough for the transfer or whether they had details for the signatories but they couldn't help in-store. They gave me the Mandate Team's number who were less than unhelpful. They couldn't find an account under the details I gave so I'm assuming it's gone dormant. I was then given the number for the governments Treasury Solicitors but as we're a charity and not a limited company, they can't help either.
Is there any advice or thoughts on the matter?
0
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Replies
P.s. The signatory is not aware of the account ever been emptied so I don't think it's been stolen - possibly a naïve outlook.
But as you can see, there's a few IF clauses in there. And it would not be unreasonable (IMO) of Barclays to insist on the second signatory. I know they've moved away, but does that make them untraceable? All you're asking for is a signature: googling their name might even be enough to track them down.
Completed: TWO adult cardigans, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees, 2 sets of handwarmers, 1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 3 balaclavas, multiple hats and poppies, 3 peony flowers, 4 butterflies ...
Current projects: pink balaclava (for myself), seaman's hat, about to start another cardigan!
If it states any one out of say 2 or 3 signatories it should be ok once the dormancy issue have been resolved.
If the mandate says at least 2 must sign then 2 must sign unless you can get a Business Manager at Barclays to overrule this. This will not be easy as nobody will want to know! (I had this issue with another high street bank).