Welcome to the Wycombe Wanderers Trust

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

Browsing the Latest News category

Sep
23

Opportunity to stand for election to the Trust Board of Directors

As previously advised, this year’s Annual General Meeting of Wycombe Wanderers Trust will be held on Thursday 29 November 2018. Formal notice will be issued in due course.

One item of business will be the election, or re-election, of members to the Trust Board of Directors. Three Trust directors, Trevor Stroud, John Bignell and Nigel Kingston are due to retire, and all three have indicated that it is their intention to stand for re-election.

Nominations are welcome from all members, but particularly those who have the necessary time and skills to contribute to the running of the Trust.

If you are interested, please contact me (details below) to arrange an initial discussion and to request a Nomination Form. Nominees need to be paid up members of the Trust and must be nominated by two other such members.

Nomination Forms must be returned to Adams Park, marked for my attention please, by Saturday 3 November.

Thank you
David Smith
Director and Secretary
dsmith@wycombewandererstrust.com
07775 518 211

Sep
19

OWWSA AGM – Thursday 18th October

To All OWWSA Members.

On 18th October, 2018,  the Annual General Meeting of the Official Wycombe Wanderers Supporters Association will take place in the Honours Lounge at Adams Park.  

The official part of the evening will commence at 19.30, after which there will be a short break, including refreshments. This will be followed by a question and answer session with invited guests from both the Football Club and the Trust.

The official part of the meeting is for current members only, but the question and answer section is open to all comers.

It is not too late for anybody wishing to attend the AGM who has not yet become a member to join.  Please see the joining instructions on the latest OWWSA newsletter via this link http://www.owwsa.co.uk/newsletters/

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
9

Football Finance Directors Report 2018 – from BDO

The accountancy and business advisory firm BDO recently published their Football Finance Directors Report.
“This report is about the financial health and operations of football clubs across the English and Scottish leagues, with an insight into the top priorities and concerns of these football clubs, as well as commentary on how they are responding to developments in the game.”

Wycombe Wanderers – through its Finance Director Mark Burrell – has had input into this report for the last three years.

Members may find this report interesting to read – particularly before Wednesday’s important meeting

Click here to download the report

It contains some very interesting stuff that takes some reading and further analysis, but early key findings from this year’s report include:

  • Only 50% of EPL clubs reported their financial position as ‘very healthy’, compared to 71% last year
  • Only one-in-five FLC clubs believe that, two years in, the enhanced EPL media rights have been positive for their club, with no FL2 or SP clubs sharing this view
  • 71% and 64% of FLC clubs are expecting to make losses before and after player trading respectively, which is higher than last year: three-quarters of which are spending more than two-thirds of their revenue on wages
  • No FL2 responding clubs will be profitable before player trading and less than a third will be profitable after player trading, most likely at the expense of strengthening their squads for the future
  • Fewer FL2 clubs (17%) are expecting to be profitable after player trading than was the case in 2016/17 (30%)
  • Outside the EPL, over two-thirds of Football League clubs remain dependent on their principal  shareholder to finance annual revenue shortfalls or operating losses.

Please KIV that we would have responded as a FL2 club.

Sep
7

Members Communication – Friday 7th September – ‘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 August 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 £610,000 has been banked with more than a further £130,000 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
31

Trust Table Set Up For Each Home Match

Once again this season, some of the Trust Directors will be present just inside the Caledonian Suite lounge bar area before each game to answer questions and to deal with Trust membership payments and queries.

Don’t forget there is also the Fans Council who will happily receive your feedback and questions on any issues which they can then take to their monthly meeting for further discussion with Club and Trust officials. Their email address is fanscouncil@wycombewandererstrust.com , Twitter is @wwfcfancouncil  and Facebook https://www.facebook.com/wwfcfans/

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
21

Get Your Promotion Badge

Yes it’s not too late to carry on celebrating promotion for the Chairboys from League 2 to League 1 which was achieved with a game to spare at the end of April and celebrated with the Party at the Park on May 5th.

Terry’s Badges stall will be back at Adams Park for this coming season and amongst his stock of WWFC – themed badges will be this special one as seen on the right. 

As with all the badges, this one will be on sale for just £3 with all profits donated to help the Club.

See Terry’s stall in the lower car park before the first game vs Blackpool on Saturday 4th August.

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 1.12.17

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
Mark Burrell               mark@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, Mark Burrell, 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.