Finance

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FINANCE

 

Apply for Grants Funding

Expenses

 

VAT and Fundraising

The basics:

Do not spend money without checking your accounts first

With agreement from your fellow committee members you can purchase items for the Society and get reimbursed 

Before any large scale events, a meeting must happen with your campus specific Activities Coordinator or the Activities Manager

Keep all receipts from purchases as no returns can be given without clear receipts 

 

Membership Account 

This account can be used to purchase items to benefit the Society and all of its members but not to benefit individuals.

 

Grant Account

This account is where the grant you recieve from the SU goes into. The money you have been allocated can only be spent on the items that were approved and MUST be spent by the deadline given.

You are unable to spend money allocated in one area on another area. E.g Money allocated on travel can't be used to buy refreshments.

 

We can help...

You should contact your relevant society coordinator before making any payments as:

  • Coordinators may be able to make payments for you directly out of your societies account (Membership/ Grant) so that you're never out of pocket. Use us to your benefit, thats what we are here for!
  • Coordinators will work with you on activities to ensure that your income and expenditure within your accounts remains healthy.
  • Coordinators can help you work out the best way to pay, maybe you can use your Grant and you didn't know you could.

 

Extra funding available:

Green Fund: The Green Fund is an initiative that allows Societies to gain rewards for ensuring their activities are environmentally friendly. By working closely with the University Environmental Team, Societies can educate themselves and those around them about how ARU is proud to be a green University. Find out more info here and apply here


University Arts Council: The University Arts Council exists to enrich the cultural life of students, staff and the wider University community by providing financial support for, and encouraging involvement in, a wide variety of creative arts activities. Music, photography, drama, visual arts, literature, crafts, film, digital technologies, displays, workshops, performances, exhibits. and more. In fact, almost anything that involves creative arts! Click here for more info

 

Course Leader Fund: The fund is designed to enable and encourage additional, optional activities to add value to the student experience. The Course Leader can bid for up to £500 per course, or £750 if the activity is designed to increase student retention. This fund is used by your Course Leader, but societies are encouraged to speak to their course leaders to discuss how the society and course can collaborate on an event. The more creative the better!