Unity account  
This is the branch’s bank account, access this via internet banking  

Branch signatories  
These  are  2  members  of  the branch  (usually  the  treasurer  and  pro-co)  who  have  individual  access to the branch’s unity account online. They are able to create and authorise payments.   

Tools  
These are  forms which  help  you  progress  through  the SKIP  year, monitor and analyse all  things  treasury and help keep us legal and retain our charity status. They are all available in the branch’s  gdrive folder, and should be completed according to deadlines set by the National Committee.  

Budgets  
Estimates  of  your  incoming  and  outgoing  expenditures  for  the  year  allowing  you  to  plan  your  fundraising throughout the year and ensure you have good financial management.  

Accounts  
One  of  the  tools  which  needs  keeping  up  to  date  throughout  the  year.  It  is  a  record  of  all  the  transactions  through  the bank  account/whilst  on  project  but  with  further  details  about  the  payment. This allows us to understand exactly where charity money has been spent.  

Designated funds  
This is money raised by a SKIP branch with branch related costs in mind, but with the added safety net, that the money can also be used to cover wider charity costs. Therefore, publicity material for fundraising events should state that money raised will go towards the branch, or if not used for this purpose, contribute to wider charity costs. The benefit of this approach (and why it is being encouraged by the Charity Commission) is that trustees can repurpose designated money, if the original purpose for fundraising is no longer needed, for example if a planned intervention does not go ahead.  

Non-designated funds  

This is money raised for the general purposes of the charity, and following discussion with the trustees, can be spent on anything so long as it is in accordance with the charity objectives.  This might occasionally happen at a national level, but generally we try to encourage raising money for an identifiable cause.

Restricted funds
The term restricted funds is only valid in a few situations in SKIP. It is money which is raised or donated for a specific purpose, sometimes with a stipulated time frame. For example money is donated to the I Ahmed fund to be spent on SKIP interventions or a student union might donate money to go towards travel to Big Weekend. In order to use this money for a different purpose, trustees have to follow a legal process to change the restriction. In the rare situation you have a donor who would like to make a donation to your branch for a specific purpose (and thus make the funds restricted) please inform your branch buddy and the National Treasurer.

Skip costs  
Costs either on project or during the SKIP year which can be paid for using charity money. See the  below table for some examples. 

Volunteer costs  
Costs  which  should  be  paid  for  by  your  branch  or  summer  volunteers.  See  the  below  table  for  some examples.