As a Society you have two accounts which are looked after for you by the SU.
Deposit – This account holds money which, as a society you have acquired or raised through things including membership fees, ticket sales for an event or merchandise sales. This money is unrestricted and can be spent on things that will benefit your society membership base and can also help cover cost of deposits for End of Year parties. Funds in this account roll over year to year.
If you want to understand how much is in your account please email email@example.com
All funds regarding your society must be held by the SU. External bank accounts to hold society funds is against SU Bye Laws and could result in the closure of your society. Please contact firstname.lastname@example.org to arrange transferring funds into your account.
Grant – This account holds money which has been applied for through the Student Union Activities Fund (SUAF). The money in this account can only be spent on what it has been applied for and must be applied for before spending (not retrospective applications). Funds in this account are recouped one month after your event is completed.