Transcript Treasurer Training - Loughborough Students' Union

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
Emailed the amount
you have been granted
Deadline to email or
hand in applications to
the Societies Office
The grant allocation will be decided by the incoming
and outgoing VP Societies
Society Grants
• All Grant Money must be spent by
the 11th December!
• Grants will be looked at again in
term 2
Claim forms
Helpdesk
Treasurer\Chair +
claimant
Collect form and receipts
Bank details LSU
website
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
Exceptional Society
Treasurer
Good Society
Treasurer
Poor Society
Treasurer
Any
Question
s?