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.