This document defines the financial policies, procedures and systems used by ParkPlay and is subject to review, amendment as appropriate and re-approval by the Board of Trustees on an annual basis.

Minor amendments or updates may be agreed and implemented by the ParkPlay Management Team during the year but any major amendments must be approved by the Board of Trustees before implementation.

At the appropriate time the financial policies and procedures will be supplemented by the appointment of a Treasurer with specific responsibilities to:

• Guide and advise the Board of Trustees in the approval of budgets, accounts and financial statements.
• Keep the Trustees informed about their financial duties and responsibilities
• Advise the Trustees on the financial implications of ParkPlay’s strategic plans and key assumptions included in management’s operational plan and annual budget
• Confirm that the financial resources of ParkPlay meet present and future needs
• Understand the accounting procedures and key internal controls, so as to be able assure the Trustees of ParkPlay’s financial integrity
• Ensure that the accounts are properly audited, that accepted recommendations of the auditors are implemented, and meet the auditor at least twice each year
• Formally present the accounts at the AGM, drawing attention to important points
• Monitor ParkPlay’s investment activity and ensure it is consistency with policies, aims, objectives and legal responsibilities

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