Notes to Financial Statements
Note 11: Management of capital
The College defines its capital as the amounts included in its internally restricted and unrestricted reserves.
The objective of the College when managing its capital is to safeguard its ability to continue as a going concern so that it can continue to provide the appropriate level of benefits and services to its members.
A portion of the College’s capital is restricted in that the College has set aside these amounts in order to utilize them for specific purposes as described in note 5. The College has no externally restricted capital.
The College sets the level of restricted and unrestricted reserves based on current intentions on where those reserves are to be used. Changes can be made as circumstances require.