Club/Society Funds

The Cranfield Students’ Association (CSA) holds and manages funds on behalf of all affiliated clubs and societies through our banking arrangements with NatWest.

To help ensure your group remains financially secure, legally compliant and fully supported by the CSA, all membership fees, event ticket sales must be processed through the CSA website, and any other income or expenditure declared with the CSA.

Why does this matter?

As a registered charity, the CSA has a responsibility to ensure that all financial activity is transparent, accountable and compliant with legal and regulatory requirements. Processing payments through approved channels allows us to accurately track, audit and verify transactions, helping to protect both your group and the wider organisation.

Payments collected outside of CSA systems cannot be properly monitored or audited and may result in compliance issues for both your club or society and the CSA.

Insurance and liability

Activities and events organised through affiliated clubs and societies are covered by CSA insurance only when they are managed in accordance with CSA policies and procedures, including financial processes.

Where activities or payments take place outside of approved CSA systems, insurance cover may not apply. This could leave committee members and participants personally liable in the event of an incident or claim.

Groups that operate outside approved financial procedures may risk losing their affiliated status. This could result in the loss of access to CSA support, insurance cover, room bookings, facilities, use of the CSA and Cranfield name, and eligibility to apply for grant funding.