The club has put in place a strategy to ensure the long term viability of the club.
Under its powers in the club’s constitution, the committee of GAF&NC has decided to allocate a portion of each year’s membership fees to a future fund. This fund is called Queens Park Pegasus Fund which has its own independent committee.
The Queens Park Pegasus Fund Committee will oversee the fund and its operations and determine appropriate use of available funds for the longer term benefit of the club rather than the week to week operating expenses of the club.
The balance of funds donated and appropriated to the fund will stay in perpetuity. Only interest and finances gained from investments will be made available on application by the General Committee to be used for special purposes within the club.