The financial year of the group begins on 1 October each year.
(1) Funds may be raised from donations, fund-raising projects and grants from any appropriate source.
(2) All monies received are to be deposited as soon as practicable in the group’s bank account.
All cheques, drafts, bills of exchange, promissory notes and other negotiable instruments must be signed by the treasurer and one other committee member.
(1) The accounts and financial records of the group must be audited at least annually.
(2) Audit must be by a person who:
· Is not on the committee;
· Has not helped prepare the accounts.