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Nov
14

Annual General Meeting of Wycombe Wanderers Trust

The Annual General Meeting of Wycombe Wanderers Trust will be held on Thursday 29 November 2018 at 7.30pm in the Caledonian Suite (previously the Vere Suite) at Adams Park.
The venue will be open to members from 6.00pm; food will be available, along with complimentary tea and coffee and the bar will be open.

The following links will take you to these documents:

 

In accordance with the Trust’s Rules, one third of the current Trust Board is required to retire.
John Bignell, Nigel Kingston and I are therefore retiring from the Board; in addition, Trust members will be aware that Mark Burrell resigned recently and therefore there is a further vacancy on the Trust Board.
John Bignell, Nigel Kingston and I are offering ourselves for re-election, and Peter Lerner and Bob Massie are offering themselves for election.
As there are five nominees for four available positions, there will be a ballot this year. The ballot will take place during the meeting but if you are not able to attend, you can appoint a proxy to attend and vote on your behalf and, if you wish, instruct your proxy how to exercise your vote.
As I am standing for re-election, I will not chair the meeting; another Trust director, not one of those standing for re-election, will do so.

The five nominees will be in the Caledonian Suite from 1.00pm on Saturday 24 November 2018, prior to the Shrewsbury match, should you wish to meet them.

I’m delighted to say that we have arranged for the Club’s charitable arm, Wycombe Wanderers Sports & Education Trust, to attend the meeting and give a presentation about their activities.
As in previous years, the meeting will also provide an opportunity for questions and answers with Trust Board members and Club General Manager Michael Davies.

I hope to see you on Thursday 29 November.

Trevor Stroud
Chairman

Nov
9

Trust Membership Renewals Are 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:

            vs Shrewsbury on Saturday 24th November

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 attend the AGM on 29th November there is still time 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 and we look forward to seeing as many paid up members as possible at the AGM.

John Bignell
Membership Secretary

Nov
8

Trust Statement of Apology

Wycombe Wanderers Trust is aware of an inappropriate comment which was made publicly by one of its members at the meeting at Adams Park yesterday evening.

The Trust have today made contact with the member in question, who has acknowledged that the comment was unintentionally in extremely bad taste and apologised for the offence caused.

Nov
7

Audited Accounts FYE 30th June 2018 – UPDATED 7.11.18

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

Oct
18

Become A Legacy Member

The Trust, working together with the Fans Council, has identified that there are a large number of supporters who are in their fourth consecutive year of holding a WWFC Season Ticket but who do not hold the status of being a Legacy Member.

Equally there are Trust members who are not Legacy members because they are not a holder of a full Season Ticket for the past four seasons. Unless, by renewing your season ticket for 18/19, you then become a ‘four- year’ ST holder, in which case you become a Legacy Member with the voting rights defined below.

Under the Trust’s Rules, a Legacy Member has the following voting rights on:

    • any decision to sell, transfer or otherwise dispose of Adams Park;
    • any decision to sell, transfer or otherwise dispose of shares in the Club that would result in the Trust’s shareholding being less than 50% +1;
    • any decision to sell Club memorabilia; and
    • such other decisions (relating to the history and character of the Club) as the Board of Directors may reasonably determine from time to time.

If you are not a Trust member but have held a full Season ticket for the past four seasons and have or even have not received an email inviting you to join the Trust, then you can join the Trust by picking up a form from the Trust Table in the Caledonian Suite on matchdays or by downloading a copy of Membership Form 2019 which, when received together with your membership fee for the coming year, would result in your becoming a Legacy Member with the voting rights defined above.

Your Trust wishes to encourage you to join the already 570 strong Trust members who are also currently Legacy Members, with the aim of ensuring that the Football Club achieves its’ true potential.

The Trust, but more importantly, THE CLUB needs you!

Oct
11

Think of Wycombe Wanderers As You Plan for Christmas (and all year round too)

There are a number of exciting ways in which you can help YOUR CLUB  in the build up to Christmas 2018 from the comfort of your own home.

(Don’t forget though that the club shop at Adams Park is open from 9am to 5pm on weekdays, or from 10am on home matchdays.)

O’Neills (Click here for their website) is the proud supplier of the Official Wycombe Wanderers FC Kit for the 2018/19 season.
Show your support for The Blues in a home, away or goalkeeper kit.
Get kitted out like Akinfenwa with their elite fit jerseys, and make it personal with a name or number.
They also have leisurewear including skinny joggers, zip training tops and training t-shirts for kids and adults. 

 

Media Storehouse https://www.chairboysprints.co.uk/ can supply framed prints and photographic gifts featuring current and past Wycombe Wanderers FC players.

They offer a wide range of beautiful wall art and photo gifts including framed prints, canvas prints, mugs, jigsaw puzzles, cushions and much more.

 

PersonalisedFootballGifts.co.uk are providing a wide range of Wycombe Wanderers FC  personalised gift items .
These include mugs, prints, phone cases, cards, notebooks, mouse mats, engraved gifts, jigsaws, coasters and water bottles.
Click here for their website

 

Finally if you really prefer to buy a more conventional (non-WWFC) type of Christmas gift, then you can still help raise funds for your club by registering with EasyFundraising via this link   https://www.easyfundraising.org.uk/causes/wycombewandererstrust/ or via their App.

Then join over 100 other fans who have already registered so that when you shop online via the easyfundraising portal or app, you raise funds for WW Trust, which we then use to help the Football Club – and all at no extra cost to you.

Many of the major retailers take part in Easyfundraising including Amazon, M&S, Sainsburys, John Lewis and Debenhams as well as holiday sites like Hotels.com, Expedia. Lastminute.com and Booking.com

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.

Sep
7

Members Communication – ‘Save The Dates’

The Trust Directors are looking forward to seeing as many of you as possible at the meeting called for 12 September, but I am writing to you now give you advance notice of some other important dates for Trust members in the next few months:

On or before Saturday 3 November, nomination forms must be received for candidates for election as Trust Directors at the 2018 AGM. We will email members with more information about this nearer the time, including how to go about securing nomination, but in the meantime do please consider whether you would like to be considered for election to the Trust Board, or whether there is any other member you would like to nominate.

There will then be a “Meet the Candidates” opportunity in the Caledonian Suite before the home game against Shrewsbury on Saturday 24 November.

The Trust AGM itself will be held on the evening of Thursday 29 November, in the Caledonian Suite. The agenda will, as usual, include not only the election of directors but also the approval of the Trust accounts for the year to 30 June 2018, a presentation on the last year’s activities, and a general Q&A session. This year, for the first time, we also hope to have a presentation from our charitable arm, the Sports and Education Trust.

As in previous years, we will also be holding a Finance Forum, to enable those who are interested to delve a little deeper into the Trust’s accounts than is practical at the AGM. The Finance Forum this year will take place on the evening of Wednesday 12 December, in Monty’s Bar.

Further details on all these events will be sent in due course but the Trust Directors are keen that as many members as possible are involved and so we want to ensure you have the dates for your diary now.

With best wishes
Trevor Stroud
Chairman

Aug
10

How To Get A Framed Set Of Badges

There have been a number of enquiries about the framed set of Matchday Badges for last season. A perfect way to commemorate and celebrate a season that ended with promotion from League Two.

If you want one of these sets, then please see Terry Hall at his Terry’s Badges stall before any home league game this season. Terry supplies the frame and puts it all together for you. Each set costs £100 of which £74 is donated by Terry to the WW Trust to assist their fundraising for the Football Club.

Each set includes the special 2017-18 Promotion badge which is also still available to buy on its own for just £3.

You can also pre-order a framed set for the current season, though we cannot necessary guarantee the same result on the pitch!

Aug
8

Fans Keep On Giving….. So We Can Provide (Updated October 2018)

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 £615,000 has been banked with a further £90,000 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
30

New Season = New Badges

We will welcome back Terry’s Badges to Adams Park for a sixth season on Saturday with the stall set up in the lower car park adjacent to the first programme hut and near to the away fans marquee.

Matchday badges will be on sale for this and every home game this season at just £3 each. If you want a framed collection of them all, available at the end of this season, then please place your order direct with Terry Hall.

As well as the Matchday Badges, Terry has a number of other WWFC-themed badges for sale and all profits on these (and on the Matchday badges) are donated to WW Trust to help our fundraising for the Football Club. For this season there are at least two new designs, the Promotion badges (celebrating our 2017-18 rise from League Two) and a rosette-style badge in our club colours of light and dark blue.

Thank you for your support of this initiative, which has brought useful extra cash into the club over the past five seasons.

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 18.10.18

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:

John Bignell                johnbig@wycombewandererstrust.com
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
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, but Wycombe Wanderers Trust also has some debts to pay. 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 500 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 Andrew Howard, 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.