There's a log of the meeting at: http://meta.wikimedia.org/wiki/Wikimedia_UK/November_13th_meeting_on_IRC
Main thing is the replacement of the Bylaws document with a shortened Memorandum of Association, draft (by JamesF and VampWillow) of which is at: http://meta.wikimedia.org/wiki/Wikimedia_UK/Memorandum_of_Association
On continuing work, Jon (jguk) has volunteered to go over the MoA, James will be contacting a lawyer to help with advice - any legal advice or ideas from anyone on possible projects are, as always, much appreciated.
Cheers, Cormac