SUA INVESTMENT & RE-INVESTMENT POLICY
September 2019
1. The SUA is a charity within the UK Unitarian community, recognised by and under the umbrella of the General Assembly of Unitarian and Free Christian Churches (GA). As such the SUA accepts guidance and support from the GA in respect of investment of funds.
2. The SUA accepts the general guidance in the “Help is at Hand” Guidebook issued in 2008, adapted and updated as appropriate by the experience of the Hon Treasurer and any trustee with relevant experience or expertise. The sub-committee of the President (Chairman of the Executive Committee), the Hon Secretary and the Hon Treasurer review the financial situation whenever they meet and in any event prior to the AGM.
3. Where the SUA has a cash surplus to its medium or long-term requirements, the trustees have a duty to seek professional advice on how it might best be invested.
4. In seeking that professional advice, the SUA will announce a guiding policy of investing for low risk capital growth, rather than for income. The SUA will also wish to avoid armaments, alcohol, tobacco and other investments with implications for social and environmental risk.
5. At date, SUA reserves are held in COIF.
6. The trustees of the SUA will review this Investment & Re-Investment Policy every five years and in any case seek professional advice on investment every eight years. (Professional advice is being sought in SUA financial year Oct 2019-Sep 2020).
