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students in their union: clubs and societies handbook 2002/3chapter 5: financesThis chapter will focus on: Club or Society Treasurers Example Financial RegulationsOnce you have registered your club or society and your grant application has been accepted, the students’ union willprovide you with an account for your grant and any other money you make. It is important to remember that the‘account’ is merely a record of your monies held by the students’ union. The only ‘Bank Account’ money gets paidinto will be the students’ unions.You must not open a bank account for your society – all finances must gothrough the students’ union.The responsibility for administration of clubs and societies finances varies from union to union. However, the role ofthe Treasurer will be fairly similar across the board. The Treasurer can be seen as the most important member of acommittee as they are responsible for the group’s money and financial situation.29