What are voluntary funds?
Voluntary funds are non-public money raised by or given to your school outside of its government funding. This could come from, for example, donations, fundraising events, parental contributions for school trips and uniform sales.
Non-public funds might be called something else in your school, such as:
- Private funds
- School funds
- Unofficial funds
- Governors’ funds
For ease, we’re using ‘voluntary funds’ in this article.
What can the funds be used for?
There's no central rule on spending voluntary funds, but any spend from any type of school should be defendable and proper.
For example, spending voluntary funds on a staff party should only be done if the money has been specifically raised for this reason. However, you could legitimately use general