The club’s S&P rating of A (strong) demonstrates its continuing financial strength. It has a track record of increasing free reserves as the club grows, while balancing this financial strength with the needs of members; over the last four years free reserves have grown more slowly than the club’s overall tonnage. There has been no unbudgeted supplementary call for over 20 years. The club’s release calls are among the lowest in the International Group, reflecting the board’s continued confidence in the financial strength of the club and future call stability. The club has a prudent investment portfolio, but the investment return over a five to ten year period is in the top quartile of IG clubs.