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Re: Treasurer Update - October

By LH17/11/2024 18:54Sun Nov 17 18:54:42 2024In response to Re: Treasurer Update - October

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It's a good question.

Yes, as a not-for-profit organisation, all surpluses (profits) have to be reinvested into the club - and that investment needs to be made in many areas. Obviously for us the biggest priority is getting back to Nuneaton and most of the clubs surpluses will eventually go to that cause.

However some will need to be spent elsewhere on smaller projects, and common sense dictates that some of your surpluses are put by "for a rainy day" so to speak.

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