Leadership Resources Events Planning Finance Budgeting Annual Budget Event Budgets Society Ledgers Funding your Society Membership Financial Processes Using Expense365 VAT Money IN Fundraising Money OUT Committee Support Brexit Committee Badges Elections and Handover Society Stash Society Storage and Post Marketing your Society Health and Safety Resources Committee Leadership Who Represents You? Freshers' Week Society of the Month Start a Society Support Events Spotlight Request List of Societies Society Awards Budgeting is incredibly important for societies, from forecasting spending for the academic year to ensuring that events are viable financially and don’t pose any financial risk. Budgets are required in the following situations: Selling tickets for an event An event which falls under TOMS or Educational If you are selling a product such as society stash It is also advised that you create an annual budget to plan how you spend your society membership income throughout the year to ensure members get value for money and is spent in line with society aims and objectives. Annual budgets do not need to be approved by the Activities Team, however we strongly recommend you make one as part of your annual plan. Remember that you will need to produce a financial report for the academic year for your society’s AGM, so producing an annual budget will help with this!