Matters which the board will reserve to itself 

1. Approval of final financial statements.

2. Approval of any significant change in accounting policies or practices.

3. Appointment or removal of Company Secretary.

4. Remuneration of auditors and recommendations for appointment or removal of auditors.

5. Approval of the commercial strategy and the annual operating budget.

6. Changes to the group's management & control structure.

7. Board appointments and removals.

8. Terms of reference of Chair, Deputy Chair, Hon Treasurer and other Directors.

9. Terms of reference and membership of board committees.

10. Major capital projects.

11. Material contracts of the Company in the ordinary course of business in excess of £35,000 and all acquisitions or disposals of fixed assets above £20,000.

12. Contracts of the Company not in the ordinary course of business above £20,000.

13. Investment and Reserves Strategy.

14. Risk management strategy.

15. Treasury policies [including foreign exchange exposures].

16. Formulation of policy regarding charitable donations.

17. Prosecution, defence or settlement of litigation involving above £20,000 or being otherwise material to the interests of the Company.

18. Internal control arrangements.

19. Health & safety policy.

20. Environmental policy.

21. Directors' & officers' liability insurance.

22. All debts to the Company.