Welcome to the Wycombe Wanderers Trust

  • "Safeguarding our heritage and promoting a successful and sustainable future."

Latest News...

Jun
12

New 500 Club Launched

Working with the Football Club, we have just launched the 500 Club for a third time, giving fans the opportunity to contribute £20 per month (or more) to the playing budget for the year ahead.

An option will shortly become available for fans to donate any sum of their choosing via WorldPay, but membership to the 500 Club begins at the £20 per month rate (or a one-off contribution of £240).

This has been driven by the Trust, but with the support of all the various fan groups.

Full details can be found here: https://www.wycombewanderers.co.uk/news/2019/june/500-club-returns/

As rewards, we are inviting fans to the Fixture Release Day breakfast next Thursday June 20th, creating a changing room plaque in their name, and will issue regular ‘spot’ prizes whenever we hit a certain milestone.

If there are any technical problems regarding payments, please could fans email Nigel Kingston at nigel@wycombewandererstrust.com.


May
23

Rod Armitage – R.I.P

We would like to add our sincere condolences, to those expressed by the Club, to the family and friends of the late Rod Armitage who passed away just over a week ago at the age of 75.

Rod was one of the first to sign up for the Trust’s Community Share Scheme in March 2015 and since then his contributions have helped to finance the club he loved so much.

Read the club’s report (which includes the funeral details) here https://www.wycombewanderers.co.uk/news/2019/may/r.i.p.-rod-armitage/


May
4

Trust Matters: Chairman’s Programme Notes – 4th May

As the season draws to a close, I thought it the perfect time to reflect on the achievements of the season. If we do survive in League 1 and barring an unprecedented set of results, we will, it will be a better achievement than gaining promotion from League 2.

Perhaps the feeling of euphoria may not be as intense as promotion, but Gareth and his management team can be hugely proud of what they have achieved, and the players will take a fully deserved round of applause on their lap of honour at the end of the game. League 1 security for next season also completes the 5 year plan, originally set up by Andrew Howard when he was Chairman. A number of people scoffed at the idea of such a plan, but today’s events will hopefully see a successful completion.

So what of the next 5 years? It has been no secret that to be competitive in the Football League, we need external investment to give us a platform to stabilise the Club financially, and start on a new 5 year journey. We thought we had found the right partners in Jim Collis and Bill Luby, but that was not to be, and therefore we continue our search to find the right partners. We have talks taking place with a number of interested parties, and as soon as there is tangible news, I will call a meeting of Trust members, to update them on our plans.

Although we have significant financial pressures, we will not be rushed into a decision that partners us with someone who does not understand the values and history of our Club.

At the end of the season, it is appropriate to thank a number of people who help the Club in so many ways. Our loyal band of volunteers, who help with maintenance, run the car parks, sell programmes or sit on the Football Club or Trust Board. We are all volunteers, and just want what is best for our Football Club. I would also like to thank all of our Commercial Partners who sponsor us, be it on playing kit, stands, advertising boards or on a matchday. We believe we offer sponsors, excellent value for money, but will always strive to improve how we can ensure their money is well spent. The fact that so many have already signed up for next season, suggests that we do.

I would also like to thank the off-field team, which is a small but very effective full time team. Interestingly after the game with Wimbledon, the number of people cutting the grass ( Kingsmeadow is owned by Chelsea), was almost equivalent in number to 50% of our off-field team! On matchdays this number swells to over a hundred, and I really appreciate how hard they all work. Although we may not get everything right, there is an ethos of continuous improvement, designed to enhance the matchday experience.

So what does the future hold? The answer is I’m not sure at the moment. What I do know, is that no stone will be left unturned to establish a stable future for this Football Club, and to give Gareth the resources, to really show what can be achieved. I wish you all a pleasant summer, and will issue updates as and when necessary, to keep you appraised of significant developments.

Trevor Stroud


Apr
11

Investment Update – 11th April

The following message has gone out by email to all Trust Members today.

(Please check your spam and junk mail folders if it’s not in your inbox. If not received at all, then please email secretary@wycombewandererstrust.com to ensure we have your correct email address)

Wycombe Wanderers Trust have ended their discussions with Bill Luby and Jim Collis regarding potential investment into the football club.

A meeting was scheduled to take place on Wednesday evening (10th April) whereby the American businessmen were due to present their offer to Legacy Members of the Trust, leading to a vote to determine their suitability as majority shareholders.

The Trust received notification over the weekend that Mr Luby and Mr Collis wished to postpone their visit, and – during further discussions between the two parties earlier this week – the offer of investment has now been withdrawn.

Wycombe Wanderers Trust chairman Trevor Stroud said: “This news has come out of the blue for us, but we respect the position of Bill and Jim and appreciate their honesty and above all, their desire to see the best possible outcome for the club. We felt for a long time that they would have been excellent custodians of the football club, and it’s a shame that we were unable to reach a point where Legacy Members of the Trust would have the opportunity to vote on the matter.

We were excited about the journey that potentially lay in front of us and enjoyed developing a plan which would have laid the foundations for long-term stability and success for the club. However, they now feel that they may not be able to devote as much time to the club as they had originally envisaged, and have taken the decision to withdraw their offer.

“This is a setback for us, however we will resume talks with other interested parties, and are confident of finding the right person or people to take the club forward. We know we have a wonderful club to be proud of, and there will be many parties who would like to join us on our journey. The timing of this news is unfortunate, but we will not be rushed into accepting an offer which may not be right in the long-term.

“This is a very amicable parting of ways with Bill and Jim, and on behalf of the Trust board, I would like to thank them for their interest and support over the past year or so.

“We will continue to keep Trust members updated with our progress with other parties, and in the immediate future, our focus is on giving our full backing to Gareth Ainsworth and the team in our quest to secure League 1 survival in the next three weeks.”

A statement from Bill Luby and Jim Collis reads: “Wycombe Wanderers is a special club that has done extraordinary things under fan ownership.  It has been a privilege for us to have the chance to get close to the club and we are grateful to everyone in the Wycombe community for being so welcoming.

“We have been working on this opportunity for two years now.  And it was our firm intention to become the majority shareholders and provide the club with the financing and resources required to evolve in a sustainable way on and off the field.

“When we began the process our expectations were that our professional obligations would be slowing down and that we would have ample time for additional business pursuits. Unfortunately, that hasn’t turned out to be the case and we have both taken on significant additional business responsibilities. Upon reflection, we realized that we simply couldn’t dedicate the required focus that Wycombe Wanderers and the supporters deserve and have decided to withdraw from the process. 

“We know people will be asking if we were serious in this endeavour.  Our loan to the club provided the working capital required to operate this season. We would have never made this loan if we weren’t fully intending to complete our investment. We know that the club doesn’t currently have the capital to repay us. We have therefore offered to move the maturity of the loan to the end of 2019 and have deferred 100% of the interest until that date.

“We wish everyone involved with the club and the Wycombe community the very best of luck and will be fully supportive of the Trust Board as they work to bring in additional investment.”

ENDS


Feb
20

‘We’re Wycombe Whatever’ – Please Renew Your Season Ticket for 2019-20 NOW.

The club’s owners, Wycombe Wanderers Trust, are in talks with two parties interested in taking a significant share of the club and opening a new chapter in the illustrious history of the Chairboys, with an outcome likely to be known before the end of the current season.

In the meantime, Gareth Ainsworth’s men have a job to finish on the pitch, firstly guaranteeing survival in League 1 and then potentially achieving their highest ever league finish this century, as well as preparing to strengthen the squad for the 2019/20 campaign.

And it’s business as usual off the pitch, as the club continues to work towards improving its experience for all visitors to Adams Park and strengthening its ties with the local community.

The club believes that many supporters will be sure to book their place for the new season come what may – proudly sharing the ‘We’re Wycombe, Whatever’ tagline – but for some, their allegiance to the Blues may be affected by the outcome of the investment prospects.

The Trust are keen to ensure that the values, traditions and heritage of the club are upheld whichever direction is taken, and that supporters should continue to feel proud to wear the badge and remain attached to the Wycombe Wanderers community.

So with that in mind, the club have made a pledge that anybody who buys a season ticket during the ‘early bird’ window – closing on May 4th – will be entitled to a  full refund of  their season ticket by June 30th, if they choose not to continue their support of the team in this way. Simply contact the ticket office to arrange this.

Click on this link for season ticket renewal information


Nov
24

Trust Membership Renewals Are (Over) Due

Membership fees for 2018-2019 became due on 1st November.

The majority of members pay by Standing Order but if you prefer other means you can pay by cash or cheque at the Trust table in the Caledonian Suite before our next home game.            

Alternatively send a cheque to Wycombe Wanderers Trust at Adams Park, Hillbottom Road, High Wycombe HP12 4HJ or pay directly into the Trust account, sort code 40-24-38, account no. 81390031 – using your membership number as your reference. 

If you are not yet a member and wish to join – you can do this at the Trust table in the Caledonian Suite or by emailing johnbig@wycombewandererstrust.com for an application form. You can also pick up a form from reception at Adams Park during office hours or download one here Membership Form 2019

Whatever way you pay your continued membership is much appreciated.

John Bignell
Membership Secretary


Nov
20

Audited Accounts FYE 30th June 2018 – UPDATED 7.11.18 & 20.11.18

22.10.18 The Audit of Accounts for Wycombe Wanderers Supporters Group Ltd, (t/a WW Trust), Wycombe Wanderers Football Club Ltd and Frank Adams Legacy Ltd has now been completed and most of the respective boards have now signed off their annual reports (WWSGL will do theirs this week).

Copy of the accounts for WWFC Ltd has now been sent to Ordinary and Founder Shareholders of that company by email (or by post where necessary) and a copy has been placed on this website under our Share Offer heading http://www.wycombewandererstrust.com/share-offer where, since the launch of the Trust Share Scheme, all our accounts have been available.

UPDATE: 7th November 2018 The signed audited accounts for Frank Adams Legacy Limited are now available and have been added to the same page – for sake of continuity

UPDATE: 20th November 2018 Ahead of the AGM next week, the audited accounts for Wycombe Wanderers Supporters Group Ltd (t/a WW Trust) have been added to the same page as above or can be viewed via this link WWSGL – signed accounts to 30.6.18


Sep
14

Use Easyfundraising to Raise More Funds for Wycombe Wanderers as You Shop Online

Did you know that whenever you buy anything online – from your weekly shop to your annual holiday – you could be collecting free donations for Wycombe Wanderers Trust?

It’s a really simple way to raise money for Wycombe Wanderers Trust through your everyday online shopping with over 3,300 retailers including Amazon, Argos, John Lewis, ASOS, and it’s completely free!

It’s as easy as 1, 2, 3…

1. Head to https://www.easyfundraising.org.uk/causes/wycombewandererstrust/

and join for free.

2. Every time you shop online, go to easyfundraising first to find the site you want and start shopping.

3. After you’ve checked out, that retailer will make a donation to Wycombe Wanderers Trust for no extra cost whatsoever!

There are no catches or hidden charges and Wycombe Wanderers will be really grateful for your donations.

Thank you for your support.


Aug
8

Fans Keep On Giving….. So We Can Provide (Updated June 2019)

Notwithstanding the success of the 500 Club in the last year or so, the WW Trust Share Scheme launched in 2015 continues to thrive and produce much needed income for the Football Club.

Over ‘one hundred and eighty’ fans are still contributing with either monthly or annual payments to the Trust over a five year period and these are on top of the 160 who have made one-off payments in the last couple of years.

Those single payments have been of amounts between the minimum of £100 and the maximum of £100,000.

To date some £646,000 has been banked with a further £37,000 committed to be received over this and the next 2 seasons.

So what are we doing with your money?

Much of the initial inflow has gone into helping to stabilise the financial position of the football club by providing some much needed working capital. This allows WWFC to be able to pay its bills, (present and past) in line with agreed schedules and repayment plans.

As was outlined in our Share Scheme prospectus/brochure we have also been able to provide the money to make the best use of our prized asset – Adams Park. So far, some of the completed projects, which are thanks to Share Scheme money (and which would not have been affordable otherwise) are:

  • New lawnmower (from OWWSA contributions)
  • New club flag
  • Medical equipment to boost return of injured players
  • Replacement seats (Summer 2016 – from OWWSA Contributions)
  • New TVs for concourse etc
  • Big Screen repairs
  • Player Purchase – Michael Harriman
  • GPS Equipment – the player running tracking system
  • Security Fence for away end
  • Fixing of the heating/Air Con system in Caledonian Suite
  • Paint for various stadium areas (from OWWSA contributions)
  • Full structural survey of the stadium – required for safety certificate reasons
  • More paint (Summer 2017)
  • Further replacement seats (Summer 2017)
  • Essential refurb and extension of the dressing rooms – as demanded by the EFL (Summer 2017)
  • Upgrade of the CCTV equipment – so vital to maintain our safety certificate
  • Replacement IT equipment for Gareth and his team at the training ground – from OWWSA contributions
  • Contributions towards repair and maintenance of the Adams Park floodlights – from OWWSA contributions
  • Even more replacement seats – December 2017
  • New boiler to provide hot water for the players and staff at the training ground
  • Essential repairs and replacement of lighting units in the Frank Adams Stand

If you feel that fan ownership is worth more than the annual membership fee, then do join in with those who are contributing a bit (or a lot) more. See any Trust Director manning the table before each home game in the Caledonian Suite or go to our special Share Offer page via this link .

Any questions on the scheme can be sent by email to shares@wycombewandererstrust.com


Jul
5

IMPORTANT: Change to the Trust Community Share Scheme

I am writing to you to let you know of an important recent development regarding our Community Share Scheme.

We have been informed by HMRC that shares to be issued under the Community Share Scheme will no longer qualify for tax relief under the Enterprise Investment Scheme, or EIS.

HMRC would have been within their rights to withdraw EIS relief in respect of shares issued under the Scheme since late 2015. However, because we approached HMRC with our concerns on this matter, rather than it emerging in an HMRC audit, HMRC has confirmed that, as a concession, they will not look to withdraw relief retrospectively. This means that EIS 3 certificates issued up until 5 April 2018 will remain valid and those shareholders can continue to claim tax relief on their existing investment. 

However, we are, regrettably, no longer able to make EIS relief available for future share issues.

A considerable number of investors under our Community Share Scheme invest on a regular basis. We will be writing to them shortly, to enquire whether they wish to make any change to their current payment instructions.

Shares in the Community Share Scheme are issued quarterly; no new shares have been issued since 6 April this year, and we were due to issue the next round of shares after the end of June. Shareholders who have paid for shares in that period will therefore not yet have received their shares and, because of this change, will no longer qualify for EIS relief on their investment. We will of course be contacting those shareholders individually as soon as we can with an offer to return their monies in full if they wish.

The Trust Board was in any event due to consider the future of the Community Share Scheme as we approach the end of our initial 5-year plan, and these changed circumstances will mean that we will do so as soon as we can. Despite the Club’s recent success on the field, it remains the case that ownership of a lower league football club is a financially precarious occupation. Many other clubs have owners with deep pockets who can underwrite losses and make substantial investment with a view to improving their teams’ chances of success; to enable Wycombe Wanderers to remain competitive in the medium to long term, the Trust, as the Club’s immediate owner, needs to be able to do the same. Until further notice, therefore, the Community Share Scheme will remain open for subscription, the only difference to the initial terms being the inability for investors to claim EIS relief on new investments.

The Community Share Scheme has been one very important way in which Trust members, as the Club’s ultimate owners, have enabled us to support the Club financially in recent years. The Trust directors, and indeed the Club directors, are very grateful to those investors who have to date invested over £600,000 since the scheme was launched. We will continue to work with the Club directors to ensure that they have access to the necessary financial support to maintain the recent progress, both on and off the field, whether through initiatives such as the Community Share Scheme, the 500 Club, or any other ways of raising sustainable long-term finance.

If you have any queries as to how you may be affected by the withdrawal of EIS relief on future share issues, please contact us via our special email address shares@wycombewandererstrust.com

With best wishes – and here’s to a great season in League 1!

Trevor Stroud
Chairman
Wycombe Wanderers Supporters Group Limited


Dec
1

A ‘Simple Guide’ to the WW Trust – Updated 07.12.18

trust logo 003 wwfc our heritageFollowing the AGM in February 2015, some members were asking for clarification on what are the separate responsibilities and duties of the Trust and of the Football Club.

A small group from the Trust Board then put together the following which we hope will be useful:

The Basic Structure

Wycombe Wanderers Trust took over Wycombe Wanderers Football Club on 29th June 2012 from Steve Hayes.

Wycombe Wanderers Trust owns Wycombe Wanderers FC Ltd (the trading entity) and Frank Adams Legacy Limited as separate entities.

Features

  • Wycombe Wanderers Trust Board is made up of the following directors:

Alan Cecil                   alan@wycombewandererstrust.com
David Cook                 dave@wycombewandererstrust.com
John Derben               john@wycombewandererstrust.com
Tony Hector                 tony@wycombewandererstrust.com
Nigel Kingston            nigel@wycombewandererstrust.com
Peter Lerner                peter@wycombewandererstrust.com
Bob Massie                   bob@wycombewandererstrust.com
Lawrie Read                 lawrie@wycombewandererstrust.com
David Roberton           david@wycombewandererstrust.com
David Smith                 dsmith@wycombewandererstrust.com
Trevor Stroud              trevor@wycombewandererstrust.com

  • Ownership of Adams Park (professionally assessed at £7million) is held within Frank Adams Legacy Limited (“FALL”). There is a separate FALL Board.
  • Most major debts of the Trust sit under FALL, secured by charges on Adams Park.  All our debts now have agreed repayment schedules.
  • Wycombe Wanderers Trust relies on rental income from WWFC (the trading entity) to gradually pay down its creditors and loans via FALL (which include the Chairboys Funders interest).
  • No takeover or change in ownership of the Club that would result in the Trust’s shareholding being less than 50% +1 can proceed without 75% approval from the Legacy Members.
  • Legacy Members are members who are in their fourth (at least) consecutive year of holding a season ticket. Legacy membership is retained in future years as long as season ticket holding continues. There are over 800 Legacy Members at present.
  • A uniquely structured members club; one of only four fan owned clubs in the Football League.
  • Wycombe Wanderers Trust became a Community Benefit Society during 2014 as this allows us to raise capital by selling shares to our members (see under Functions, below).
  • Our full registered name is Wycombe Wanderers Supporters Group Limited. We had to adopt this name as part of the process of registering as a society, but we have kept Wycombe Wanderers Trust as our day to day trading name for everyone’s convenience.

 

Wycombe Wanderers Trust does not run the football club.

  • Wycombe Wanderers Football Club controls all income from footballing matters and the use of Adams Park on matchdays and non-matchdays.
  • Wycombe Wanderers Football Club’s operations are managed by Trevor Stroud (WWFC Chairman) , Michael Davies (General Manager) and the other employees.
  • Only the Wycombe Wanderers Trust Board can appoint and remove individuals to and from the WWFC club board (WWFC’s Club Board is made up of Ivor Beeks, Trevor Stroud and David Cook).

Functions

Since Wycombe Wanderers Trust, and its Board, does not run the football club, the Trust’s job is to create an environment which will help WWFC to succeed.

This is done in a number of ways:

  • Providing governance over its subsidiary companies – WWFC and FALL – and also support WWSET– our Community Trust which has charity status.
  • Providing support to WWFC, for example volunteer forces to reduce costs; aiding and assisting WWFCs employees through “WWFC PALS” as and when required.
  • Undertaking other fundraising initiatives, for example sale of matchday badges and voluntary Trust member initiatives – to raise income.
  • Communicating with members via emails, members meetings and visibility. Trust board directors will be held to account by Trust members and a third of the Wycombe Wanderers Trust Board directors retire by rotation at each AGM.
  • Seeking to grow and expand our membership and therefore widen the fan ownership base in the community, particularly the younger and the future generation of supporters.
  • Ensure members are consulted about and vote on the designated key issues affecting the football club (listed in the Trust Rules on the Wycombe Wanderers Trust website).
  • Raising funds via the Share Scheme – to secure the working capital to allow Wycombe Wanderers Football Club to move towards breakeven (or a small profit) and allow the football club to pay its rent as scheduled to pay down remaining debts/ loans.

Other News...

Trust Members Update – Sunday 7th April

07/04/2019

The following message from our Chairman has gone out by email to all Trust Members today. (Please check your spam and junk mail folders if it’s not in your inbox. If not received at all, then please email secretary@wycombewandererstrust.com to ensure we have your correct email address) Dear Trust Member,I have been advised that Bill [more…]

Investment Update – 14th March

14/03/2019

Wycombe Wanderers Trust can provide an update on the process of investment into the football club, following a meeting of the Trust board on Monday evening. The board assessed in great detail two offers of investment, one from Bill Luby and Jim Collis seeking a majority shareholding, and one from Andrew Harman seeking an initial [more…]

Trust Members Update – 7th March

07/03/2019

Wycombe Wanderers Trust are pleased to confirm that they have received a formal offer for an initial minority shareholding in the football club from Andrew Harman and will be meeting Mr Harman this week to discuss the offer in more detail. The Trust board will then give full consideration to both Mr Harman’s offer and [more…]

Extension Granted for Becoming a Legacy Member

14/02/2019

At the Legacy Members’ meeting on 28th January, a request was made to reconsider the cutoff date for Trust membership which, providing the 4 consecutive Season tickets criteria is satisfied, would lead to Legacy Membership status. It has been agreed that the cutoff date for applications for Trust membership that would allow such applicants to become [more…]

Updated Timeline for Investment Process

06/02/2019

Wycombe Wanderers Trust are now able to update members on a revised timeline in the process relating to potential investment to provide long-term stability for the football club. As previously communicated, a meeting was due to be held on Monday 28th January whereby Legacy Members would hear a presentation of a formal offer made by [more…]

Information from Legacy Members Meeting 28th January 2019

30/01/2019

To view the slides that Trevor Stroud used on Monday, please click on the download button below.We are writing up the answers to questions posed during the evening and these will be added shortly. Download

Comment from Bill Luby and Jim Collis

25/01/2019

We are extremely grateful to everyone in the Wycombe Wanderers community who has given us such a warm welcome and education over the past several months. You have left us in no doubt that the spirit of your community is the driving force behind Wycombe Wanderers FC and is the primary reason you have been [more…]

Legacy Members meeting – Agenda Change

25/01/2019

Wycombe Wanderers Trust, together with Bill Luby and Jim Collis, have agreed to change the scheduled Legacy Members meeting – taking place on Monday 28th January – after the Trust received an expression of interest from a second party. Following the Trust board’s recommendation to its members regarding the best route forward for the football [more…]

Trust Update – 21st January 2019

21/01/2019

IMPORTANT – SEE AGENDA CHANGE NOTIFICATION ISSUED ON 25th JAN. We are a week away from the Legacy Members meeting at which Bill Luby and Jim Collis, and I, will present their proposal for taking the club forward, by acquiring a majority stake in Wycombe Wanderers. At such an important time for the club, I [more…]

Open Letter from Trevor Stroud

11/01/2019

Good afternoon, and a belated Happy New Year, I wanted to take the opportunity to talk as directly as possible to all supporters of Wycombe Wanderers Football Club, including members of the Trust, ahead of what is a pivotal time in the club’s 131-year history. In just over two weeks’ time we will be asking [more…]

Legacy Members Meeting – 28th January

07/01/2019

I am pleased to confirm the Legacy Members meeting will take place on Monday 28th January, in the Hub (Wycombe Baptist Church), Easton Street, High Wycombe HP11 1NJ starting at 7.30 p.m. The purpose of the meeting is to present to members the proposal for investment into the Club, by Jim Collis and Bill Luby. [more…]

Trust AGM Slides including Investor Update + Minutes

31/12/2018

The Powerpoint slides used in the November 2018 Trust AGM – which include Trevor’s update on the American Investors – can be viewed via the following link WWSGL AGM 29 NOVEMBER 2018 Here are the minutes of the AGM 2018 AGM Minutes