The Treasurer will open a bank or building society account in the name of the Parent Council. Withdrawals will require the signature of the Treasurer and one other Parent Council member. The Treasurer will keep an accurate record of all income and expenditure, and will provide a summary of this for each Parent Council meeting and a full account for the AGM. The Parent Council accounts will be audited by the auditor appointed at the previous AGM. The Parent Council and any sub-committee shall be responsible for ensuring that all monies are used to support and advance the education of the pupils.