Reserves policy

 SUA RESERVES POLICY


January 2019


1. The SUA holds reserves as a matter of prudence and in order to maintain the level of benefits for charitable purposes, charitable institutions, and/or charitable entities as shall be determined by the Trustees.


2. All funds are received as unrestricted.  Unrestricted funds are needed:


a. to provide funds which can be designated to specific projects to enable these to be undertaken at short notice;


b. to cover administration support costs.


3. The Trustees from time to time designate funds for future grants.


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