Accountable: money management for community-led groups

Accountable is The Social Change Nest CIC’s fiscal hosting service on Open Collective.

Being fiscally hosted by SCN means you get a financial home to safely and transparently manage incomings and outgoings, without having to constitute or use your own bank account.

Managing money for informal groups can quickly become an admin headache. Most don’t have the legal status needed to open a bank account, but relying on personal accounts isn’t a long term solution.

Using Accountable, groups hold their funds in our business bank account, and use the Open Collective platform to accept and distribute money.

Groups stay in total control of how and when money is spent and can share responsibility for signing off costs amongst each other, while we handle the time consuming accounting tasks, like bank transfers.  

After years working with grassroots groups and as an incubator for fledgling social movements we know this service can provide the strong foundation needed to get going and keep going.

You can read about the impact Accountable has had so far in our report, Mutual Money: How innovation enabled community-led COVID-19 responses.

“I cannot praise the Accountable service enough. In a few quick, easy steps, we got the ability to fundraise and pay expenses – it has made all the difference in this crisis. No one has had any problems using the platform. I don’t know how we would have kept on going without it.” Felix, Oxford Mutual Aid