Excessive reserves built up in the past have been reduced over the last few years by paying out prizemoney in excess of income received. Now that reserves are at a sensible level, the Alliance must break even at worst on an annual basis. Prize money in 2019/20 and thereafter will therefore be set at an affordable level. Should sponsorship be received to cover either or Pro-Am and Order of Merit prizes, an early review of our finances will be undertaken.
Member of the Institute of Chartered Accountants of Scotland
Member of the Chartered Institute of Public Finance and Accountancy