Your Accounts

All groups have at least one account with the Finance Office, but others will have two or even more. All of your accounts are managed by the York SU Finance Team. Any questions related to student group finances should be directed to them at finance@yorksu.org.

Own Funds

All groups have an Own Funds account. This is where all your membership money goes, as well as anything you gain through fundraising, sponsorship, or ticket sales for events.

You can spend this amount on anything that benefits your members or is relevant to society activities. Funds carry forward each year. 

Grant

If you fit the criteria your group will also hold a Grant account. When you apply for a York SU grant, you ask for a specific amount of money to be spent on particular items or activities. If you’re successful in your application, your grant money will go into this account.

You can only spend it on the items or activities you were awarded it for. This must be spent by the end of the academic year in which you receive it; if not, it will be reclaimed by York SU and reinvested.

Additional Accounts

In exceptional circumstances, you will sometimes be able to open an additional account for your student group. You might use this for a specific project, or if you decide to start a sub-society within your group, for example running an academic journal which needs its own budget. It could even be a savings account to work towards a big equipment purchase.

If you’d like to set up an additional account, contact the Finance Office at finance@yorksu.org to discuss your plans.

Contact your link staff member or our Finance Team (finance@yorksu.org)