My understanding - and I may be wrong - is that that is a policy decision by the Trustees.Peter Turner wrote:I was about to reply when I saw the comment above from Angus French. My understanding was that apart from something in the region of £10,000 a year supporting the British Championships (and I think there are some conditions to this relating to junior chess) any other expenditure was on income received. The capital to remain intact.
If so, the Trustees could vary it if they so resolved. Moreover, they should in my opinion consider doing that if the BCF Council were so to request.