# What Can We Spend Money On

![](https://913408664-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-LiNOVQhjsOFgpkvodjH%2F-LiNOYTxIGgeXP3ry8wr%2F-LiNOZEp8AehDnf8tSKU%2Fimport.png?generation=1561629971876150\&alt=media)

In accordance with the by-laws, each student group will have a President, Captain and a Treasurer. The responsibilities of these roles are outlined in the role description and these roles are elected every year. The Treasurer is responsible for ensuring that the student group finances are healthy and that appropriate scrutiny is being applied; the President is overall responsible for the student group.

Student Groups will accumulate funds in a variety of ways including: memberships, grants from the SU and sponsorship from external companies. Groups are responsible for setting their own membership prices and collecting those memberships. Every year Goldsmiths SU may award student groups with a grant which must be spent to further the purposes of the student group. Funds which are spent on student activity can be recouped or paid for directly by Goldsmiths SU on behalf of student groups.

## What can you spend this money on?

### Membership fees

**Money collected through the SU website when members join**  \


* **Food & drink for meetings / events**
* **Publicity**
* **Equipment for society**
* **Hire for training**
* **Coaching/instructor/teaching cost**
* **Kit & equipment for playing games**

### Fundraised money

**Money raised by the committee and members through an event project, i.e a bake sale**  \


* **Food & drink for meetings / events**
* **Publicity**
* **Equipment for society**
* **Hire for training**
* **Coaching/instructor/teaching cost**
* **Kit & equipment for playing games**

### Grant from the SU

**Money given to the group for their core purpose from the SU**

* **Pitch hire for competitive games**
* **Travel to competitive games**
* **Entry fees**

#### **Grant or funding is always gifted for a specific purpose or event. All groups MUST be able to show that the money has been spent on the specific cause.**&#x20;

### Sponsorship

**When a company agrees to give a group money for a purpose**&#x20;

* **Food & drink for meetings / events**
* **Publicity**
* **Equipment for society**
* **Hire for training**
* **Coaching/instructor/teaching cost**
* **Kit & equipment for playing games**

#### Sponsorship is usually gifted for a specific purpose or event. All groups MUST have a contract with a company to accept sponsorship.
