OYFL League Rules 14 2023-2024 (B) At the close of each Competition awards may/shall be made to the winners and runners-up if the funds of the Competition permit. (C) Clubs winning trophies shall at their own expense engrave the name of their Club and the season on the trophy. Alternatively the Management Committee will arrange for the engraving, the cost of which will be borne by the club concerned. (D) Clubs winning League trophies or cups shall return the trophy/cup on or before 1st March of the following season, or on or before 1st December in the case of Autumn League competitions. A fine of £50 plus repair costs will be levied on all clubs returning trophies damaged. Clubs not returning a trophy will be levied a fine of £100 to cover the cost of a replacement trophy. 14. Alteration to Rules Alterations, for which consent has been given by the Sanctioning Authority, shall be made to these Rules only at the AGM or at a SGM specially convened for the purpose called in accordance with Rule 9. Any alteration made during the Playing Season to these Rules shall not take effect until the following Playing Season, except in exceptional circumstances where approved by Sanctioning Authority and The FA. Notice of proposed alterations to be considered at the AGM shall be submitted to the Secretary by 31st March in each year. The proposals, together with any proposals by the Management Committee, shall be circulated to the Clubs by 30th April and any amendments thereto shall be submitted to the Secretary by 30th May. The proposals and proposed amendments thereto shall be circulated to Clubs with the notice of the AGM. A proposal to change a Rule shall be carried if a majority of those present, entitled to vote and voting are in favour. A copy of the proposed alterations to Rules to be considered at the AGM or SGM shall be submitted to the Sanctioning Authority or The FA (as applicable) at least 28 days prior to the date of the meeting. 15. Finance (A) The Management Committee shall determine with which bank or other financial institution the funds of the Competition will be lodged. (B) All expenditure in excess of £200.00 shall be approved by the Management Committee. Cheques shall be signed by at least two Officers nominated by the Management Committee. (C) The financial year of the Competition will end on 31st March. (D) The books, or a certified balance sheet, of a Competition shall be prepared and shall be audited/verified annually by a suitably qualified person(s) who shall be appointed at the AGM. 16. Insurance (A) All Clubs must have valid public liability insurance cover of at least ten million pounds (£10,000,000) at all times. (B) All Clubs must have valid personal accident cover for all Players registered with them from time to time. The Players’ personal accident insurance cover must be in place prior to the Club taking part in any Competition Match and shall be at least equal to the minimum recommended cover determined from time to time by the Sanctioning Authority. In instances where The FA is the Sanctioning Authority, the minimum recommended cover will be the cover required by the Affiliated Association to which a Club affiliates. Failure to comply with Rule 16(A) or 16(B) will result in a fine in accordance with the Fines Tariff. 17. Dissolution (A) Dissolution of the Competition shall be by resolution approved at a SGM by a majority of three quarters (3/4) of the members present and shall take effect from the date of the relevant SGM. (B) In the event of the dissolution of the Competition, the members of the Management Committee are responsible for the winding up of the assets and liabilities of the Competition. (C) The Management Committee shall deal with any surplus assets as follows:
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