Society Finances Catherine Ashton and Alison

Johnston

What will you learn in this session?

How you can apply for grant money and how it is spent

The different forms of Society banking work

How you can spend the membership money that comes in

Why being a good Treasurer is important and the answers to your questions

Grant Allocation

• As a society you are entitled to Grant Money

• GRANT GAME

Society Grants

Grant Application Form + Quotes for intended purchases +End of Year Report + Asset Form

Deadline to email or hand in applications to

the Societies Office

The grant allocation will be decided by the incoming and outgoing VP Societies

Emailed the amount you have been granted

Society Grants

  • All Grant Money must be spent by the 11th December!

• Grants will be looked at again in term 2

Claim forms

Treasurer\Chair + claimant

Bank details LSU website

Helpdesk

Collect form and receipts

Account Types

?External

Internal

Auditing

• What is an Audit?• What happens if you fail an Audit?

• What is the point of an Audit?

Key Rules

• A Society member cannot be a paid instructor

• All external instructors need to fill in a time sheet and will be paid by BACS or an invoice with a UTR

• Please do not directly pay invoices and claim them back in case there is a problem with the invoice

Top Tips for Managing your Accounts

 • Keep things organised

• Put bank details online

• Keep receipts for everything

• Fill in the Red Book as you go

Any Questio

ns?

Exceptional Society

Treasurer

Good Society Treasurer

Poor Society Treasurer