10. Property and Funds
- The funds of the Club shall be lodged in a bank account or building society in the name of the Club and shall be operated by any two of the following: President, Secretary, Treasurer or any other Committee member so appointed by the Committee for this purpose. The Financial Year of the Club shall end on 31st October.
- The property and funds of the Club cannot be used for the direct or indirect private benefit of Members other than as reasonably allowed by the Rules and all surplus income or profits are reinvested in the club.
- The Club may provide sporting and related social facilities, sporting equipment, coaching, courses, insurance cover, medical treatment, away-match expenses, post match refreshments and other ordinary benefits of Community Amateur Sports Clubs as provided for in the Finance Act 2002.
- The Club may also in connection with the sports purposes of the Club:
- sell and supply food, drink and related sports clothing and equipment;
- employ Members (though not for playing) and remunerate them for providing goods and services, on fair terms set by the Committee without the person concerned being present;
- pay for reasonable hospitality for visiting teams and guests;
- indemnify the Committee and Members acting properly in the course of the running of the Club against any liability incurred in the proper running of the Club (but only to the extent of its assets).
- The Committee will have due regard to the law on disability discrimination and child protection.
- In addition to subscriptions, the Club may determine at the AGM to raise funds by means of a specific levy on some or all categories of Membership.
- The members may vote to wind up the Club if not less than three quarters of those present and voting support that proposal at a properly convened General Meeting.
- The Committee will then be responsible for the orderly winding up of the Club’s affairs.
- After settling all liabilities of the Club, the Committee shall dispose of the net assets remaining to one or more of the following:
- to another Club with similar sports purposes which is a registered charity and/or
- to another Club with similar sports purposes which is a registered CASC and/or
- to the Club’s governing body for use by them for related community sports.
Where there is any conflict between any of the above clauses of the Constitution and any other rule or rules the key Rule(s) in the Constitution will take priority, where the key Rules are those included to address the statutory requirements for CASCs, (which means Community Amateur Sports Clubs as first provided for by the Finance Act 2002.) Interpretation of all the Rules must be consistent with the statutory requirements for CASCs.
13. Amendments to the Constitution
The Constitution will only be changed through agreement by majority vote at an AGM or EGM.
Busby Lawn Tennis Club hereby adopts and accepts this Constitution as a current operating guide regulating the actions of Members.