Reserves totalling £50,259 (2023 £50,259) comprise of Capital Fund, Development Fund and the Geoff Rofe Memorial Fund as follows:
6.1 Capital Fund
Opening capital represents amounts taken over from Kent County Badminton Association and Kent Schools Badminton Association totalling £44,640 (2023 £44,640).
6.2 Development Fund
The Company receives grants from KCC for the Development of Badminton in Kent.
There was a balance brought forward of £1,477, and a grant receievd of £750 which was spent in the year. There was a balance carried forward of £1,477.
6.3 Geoff Rofe Memorial Fund