7. Funds

7.1 The Council has a duty to authorise expenditure of Society funds in order to achieve the objects of the Society.

7.2 The Council has the authority to manage Society funds appropriately and make proper arrangements for the effective management of those funds and for the financial sustainability of the Society.

7.3 The financial year of the Society shall commence on the 1st February and end on 31st of January of the following year

7.4 The Treasurer shall keep account of all income and expenditure and shall submit accounts to the Annual General Meeting.

7.5 Bank or building society account(s) shall be established in the name of the Society and withdrawals shall be made in its name on the signatures of two members of the Council drawn from an authorised panel.

Back to The Rules…