The Curious Case of Disappearing Funds I am a Marie Curie early stage researcher in a H2020 funded project (early training network, for those aware of the terminology), that's spread between several universities in Europe (including where I am now, London /snark). I'm approaching the end of my contract. 

This project is, according to the published figures, rather lavishly funded (€4 mil in total). Just in the "Research, Networking and Training Costs" there's approx €200k for three researchers for three years (that comes to 1800/mo per researcher!). This excludes salary costs, management costs, etc. 

This project has been plagued from the beginning by a serious lack of transparency and mismanagement, which has been slowly revealed throughout the duration of the project. 

Some examples: 


We, as researchers, were not consulted as to what training we need, and were "forced" to go to courses &amp; workshops organised by the consortium partners, which half of the time were useless (completely off topic). 
Even if we didn't attend said workshops (out of desperation to get work done, in my case), the host university would still pay the organising partner a set "participation" fee.
I was told there's no budget to go to conferences, even if I had a paper in. Some of us had to pay up front for our secondment related travel costs (at our industry partners). 
We were told secondments were mandatory 8 months, whereas actually they were maximum 8 months. 
My host university slotted me in at the wrong pay grade for two years (was being underpaid - this issue is sorted, but just goes to show). They're still using the wrong conversion rate, instead of the ECB rate (£0.7 for €1), but apparently that's going to get sorted at the end of the contract. 


My conundrum is simple: I've just been told that my host university has overspent, and there's no more money for me to go to an important industry board meeting where I was invited due to the research I've been doing so far, and supposed to talk about it in front of a couple of important industry actors in my field.  

I'm a bit fed up. I have never seen a single excel sheet of sorts on what the money has been spent so far, by whom and on what. It has been consistently denied to us. From my own book-keeping, I've spent, so far, somewhere in the range of 1/5th of my total budget.

I'm afraid to push too hard on my supervisors for details, as I  still need to (write and) submit a dissertation with them, and maybe get a PhD degree - and they might easily get offended. 

I also believe this should be "sorted out" at one point or the other. I've been previously working in practice (Architecture &amp; Engineering) for 4 years where such behaviour would have spelled instant trouble and litigations. How would one report/flag serious concern/blow a whistle on such a project, in the rather sensitive British cultural context?

Disclaimer: I do realise I am in a very lucky position, and life can be much worse in academia &amp; research than I'm having it... it's just that I might have a too developed sense of justice or need for clarity for my own good.
I am not detailedly aware of European Training Networks, but it sounds like you are grossly misunderstanding some things here.
1. €200k for three researchers for three years are absolutely certainly not only for your travel and consumables.
As you correctly assessed, this would be very lavish and no EU project that I have ever seen gives you that level of funding. European Training Networks in particular are, as far as I have seen, generally underfunded when it comes to travel, and assume that the host institutions also chip in. Assume that there are costs calculated in here that you are not seeing, for instance institutional overheads or the costs for organizing trainings.
2. I understand that the &quot;lack of transparency&quot; is disappointing, but this is not your project, it's your supervisor's.
Quite frankly, PhD students generally have no detailed insights into the finances of the projects that they work on because they are also not formally responsible for them (i.e., you are probably not formally responsible for signing expenses).
Your supervisors report to their administration and to the European Union, not to you. They do not owe you an Excel file of where the project finances go. But do not worry - there is a formal audit at the end of the project which will look very carefully into where the different funds went. If it was actually grossly misspent (as opposed to spent on things that you or the other PhD students didn't want), legal issues will come up. However, I presume this will not be the case, as your supervisors are almost certainly aware of the mandatory end-of-project audit.
3. Project politics are a thing.
Your university presumably commited to sending you to certain trainings when they signed up for the network. Yes, it sucks if they are unrelated to your work, but sometimes you'll have to do things for your project that are not key to your personal research agenda. In a Training Network those are a few trainings here and there - in an IP project it could have easily been as much as 50% of your work time. Without knowing the details, I would still guess that you are complaining on a fairly high level here.
That said, your institution still screwed up.
There should be money for you to go to conferences and present your research. If the project funds do not suffice for that, they should have made sure that the university can co-finance from other sources. If they are unable to do that, they should not have hired a PhD student.