Money Makes Charity Go Round
Whether you‘re being sponsored for scaling your school walls or fundraising to build a new eco-friendly path across the local marsh, people are going to entrust you with money, which you have to look after.

If you are just dealing with a few pounds, then don‘t worry too much, but anything over a tenner gets a little bit more serious.

Know your Money
You should always keep a written record of the money you are dealing with. If you are given money make a note of it; if you spend any of the campaign‘s money, make a note of it.


This way you‘ll always know what you‘ve got and what you need. Ideally, if you are working as part of a team someone should have the specific job of ‘treasurer‘ and be responsible for looking after the money side of things.

Getting Money to Causes that need it
A charity won‘t take the £50 you raised for them in straight cash; they need it in the form of a cheque or as a  bank transfer straight to the charity‘s account.

 
Most charities have easy online facilities on their websites making it really easy to deposit the money you have raised into their account but you will need a bank account to do this!

To convert the cash to a cheque or make a payment direct to the charity you will need a bank account. You could ask a teacher or parent to help you or open a specific bank account for your activity yourself or you could see if the bursar at your school can advise you on the best way to do this. Your school may have a special charity account and as long as you deposit the money you‘ve fundraised into the school‘s account, your school‘s bursar could write the cheque for the charity out for you/ or make the donation on behalf of your charity team! If you are taking action outside of school a parent or adult supporting you could do the same! All you need to do is ask!

Dealing with Bank Accounts
It is a good idea to open an account for you activity for reasons of organisation and security. What‘s more, if a business or grant-funding body gives you any money they‘ll expect it to be put in a bank.


Tell your bank you want to open an account for your charitable enterprise and they will be able to tell you what to do. When opening the account you will probably need two pieces of identification- one to verify who you are and the other to verify your address. You will also need to make an initial deposit to get the account going, which can be as little as £1. When you open the account you will be given a pay-in book, a cheque book and often an online banking facility making it dead easy to make transfers to the causes that you are supporting! 

Keeping a Record of it!
A great way of keeping a record of your fundraising and a really easy way to get people to make a donation directly to the charity and sponsor you is to create your own online fundraising page.  There are lots of websites where you can easily and freely set up your own fundraising page. It takes a couple of minutes to set up and is a great way of publicising your work, some examples include Just Giving and My Charity Page!

If you are fundraising as a school activity you can create your own free, online, webspace and record of fundraising on the G-Nation website here!



Contact us to register email us!

Ultimately, if you are under-16 money issues could be problematic. To avoid any hassles persuade someone over-16, like your Maths teacher, your school bursar or a parent to be your treasurer. Alternatively, get in touch with the charity directly for their best advice.