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FINANCE

  1. All money raised by or on behalf of the Association shall be applied to further the objects of the Association and for no other purpose, PROVIDED THAT nothing herein contained shall prevent the payment in good faith of reasonable and proper remuneration to any employee of the Association or the repayment of reasonable out?of?pocket expenses incurred on behalf of the Association by employees and volunteers.
  2. An account shall be opened in the name of the Association with a bank or such other financial institution as the General Committee may from time to time decide. The General Committee shall authorise in writing the Treasurer, the Secretary of the Association and two members of the General Committee to sign cheques on behalf of the Association. All cheques must be signed by not less than two of the four authorised signatories.
  3. The Association's financial year shall be from 1st April to .31st March .