Welcome to the Wycombe Wanderers Trust

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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

May
8

Trust Matters – 5th May 2018

The following first appeared in Saturday’s matchday programme ‘Parklife’ for the game vs Stevenage:

Meet your Trust Board: Trevor Stroud Chairman of WW Trust and WWFC

Trevor has been a Wycombe Wanderers supporter for over 20 years, and Chairman of WWT since 2010. He was originally a board member with Wycombe Wanderers Founders Trust, before the formation of the current Trust.

Trevor’s area of expertise is Sales & Marketing, and he has held a number of senior positions in both Blue Chip and smaller organisations. He now runs his own consultancy business, specialising in Sales and Marketing.

In terms of his Wycombe memories, there are many outstanding moments, including the visit to Villa Park in 2001, Jermaine Easter’s goal against Chelsea in the Carling Cup Semi Final, Dave Carroll’s goal in the 1994 play-off final at Wembley, but last Saturday’s promotion to League 1, without doubt, wins as his best Wycombe moment.

In terms of the Trust, he is determined to ensure that the links between the fans and the Club are as strong as possible, to the benefit of both sides, whilst ensuring that the best interests of WWFC are protected at all times.

Chairboys Funders Update:

Chairboys Funders (CBF), came into being in 2013 at a crucial moment for the Club and provided a loan of £450,000 repayable after 5 years’ which enabled the Club to survive.
CBF individuals loaned varying amounts over this time period at an interest rate of 8% pa, which in many cases was, by agreement, reduced to 4% at a later date. Their security was a first charge on the Adams Park ground. 
The loans were scheduled to be repaid at the start of May. Some of the CBF have decided to have their loans repaid in full. Others are taking part repayment or no repayment, with some increasing their loan and extending them for a further 2 or 5 years at 4%p interest for the longer term.
The Trust are extremely grateful to all the CBF for their superb support which initially enabled the Club to survive and now will help it to cope with the pressures of cashflow without bank loans, at a critical time in our future.

The Woodlands Lounge

Work on the Woodlands Lounge is now complete. The support and understanding shown by the Loss Adjuster means that the Club will not be left out of pocket.

Trust Directors Sponsor Luke Again

The Trust Directors have once again personally sponsored the home shirt of Luke O’Nien for next season.
The cost of this sponsorship is met by the directors themselves and not out of Trust funds.

Why the Trust Matters

Trust ownership has given the Club a level of stability that had been lacking previously. The Trust passionately believes in the preservation of the heritage and history of our Club and seeks to share it with the wider community. The Trust is a volunteer led, democratic organisation which seeks to foster a real sense of ownership amongst the Club’s supporters. The Trust is an ever-changing entity, not constrained by the whims of individual Directors or owners. 
All Trust members are equal and anyone of them can be elected or co-opted onto the Trust Board and, from there, onto the Club Board. The Trust’s annual subscription of £10 per annum makes Trust membership accessible to all.

If you are not yet a member of the Trust, or if your membership has lapsed, now is a good time to join. Contact John Bignell at johnbig@btinternet.com

Trust Matters Feedback

If you have any queries about Trust Matters or if you would like us to consider adding something to the next edition, please contact Trust Matters editor, Nigel Kingston on nigel@ascom.net

Apr
25

Trust Directors Sponsor Luke Yet Again

Wycombe Wanderers Players Sponsor Dinner at Adams Park, High Wycombe, England on 24 April 2018. Photo by Vince Mignott / PRiME Media Images.

The Trust Directors have once again personally sponsored the home shirt of Luke O’Nien this season and a good number of them were present at the Kit Sponsors Dinner on Tuesday night.

Pictured (l to r) with Luke are David Roberton, Alan Cecil, David Cook, Martyn Broughton (Treasurer), John Bignell and Trevor Stroud .

Along with a good number of other kit sponsors, the Trust Directors pledged on the night to renew their sponsorship for next season, though this will need to be ratified at the next Trust Board meeting.
The cost of this sponsorship is met by the directors themselves and not out of Trust funds.

Apr
22

Trust Matters – 21st April 2018

WWT and WWFC owned by our fans, run for our fans

 

Meet your Trust Board:

Mark Burrell was elected to the Trust Board at the AGM in November 2014. He is a dedicated Chairboys fan and season ticket holder for over 15 years, and sponsors aspects of the Club.  His main role on the Trust Board is that of (Group) Finance Director, a role that he also fills on the Club Board, working to secure the financial future of the Club and day to day cashflow.  He understands the brutal reality of what it takes to run a League club and ensure its future.  He owns a business transformation  and change management consultancy transformationdelivery.com and has used those skills and experience to transform the finances of the Club, Trust and Group of companies, delivering changes in the way the businesses are shaped and works to get the best results.

What is a Legacy Trust Member (LTM)?

A Trust member who has also been a Season Ticket Holder for four consecutive years becomes an LTM. Membership costs remain the same as before. The following decisions must be made by Legacy Member resolution:

  • 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. You can join the Trust via this link Membership Form


Extract from Trust Board Minutes from 22.3.18

  • Discussions are on-going with the Eden Centre about working with WWFC in terms of retail space
  • The possibility of replacing the big screen is currently being investigated
  • Volunteers will assist at the Training Ground on several dates to clear, lop and burn branches/small trees.
  • Building a database of Hillbottom Road firms in order to facilitate keeping the road clear on match days, especially evening matches is in progress.
  • End of Season dinner will be on 6th May. All fans are welcome to attend and tickets are available from the Club at £50 pp plus Vat.
  • Player sales and income from football fortune will be well below last season. This will have an impact on the P&L, which is expected to be down on last year. This also has an impact on cash flow levels which are being managed extremely closely as a result. A major review of budgets has been undertaken by the Group Finance Director and Chairman and adjustments made where necessary to reduce costs and boost income.


Marcus Bean’s last-minute winner against Carlisle was overwhelmingly selected as the ‘Magic Moment’ of the season so far at an event at Adams Park on 24th March celebrating the contributions of supporters to the 500 Club-18.

Raising £30,000 so far, the 500 Club-18 is designed to generate funds for the transfer budget, helping Gareth Ainsworth bring the likes of Tafari Moore and Curtis Thompson to Adams Park, and extending the loan deal of Dan Scarr.

A packed out Caledonian Suite saw 500 Club-18 contributors dine with the playing squad, watch a selection of ‘Magic Moments’ and select their winner, with young fan Millie Cross presenting Marcus with his prize.

Gareth Ainsworth and Adebayo Akinfenwa also addressed the audience, with Adam El-Abd and Matt Bloomfield picking winners in the raffle.

Why you should join the Trust

  • It has brought increased security to the Club.
  • It helps to secure the future of a number of organisations embraced by the Trust, such as WWLFC and WWSET.
  • The Trust is a democratic organisation, a volunteer led entity and no one on the Trust board receives a salary.
  • It’s an ever changing entity not constrained by the whims of any individual Director or owner.
  • It preserves the heritage and history of our Club, something which you can contribute to by joining today.
  • The Trust’s annual subscription of £10 per annum makes it accessible to all, so if you are not yet a member of the Trust, or if your membership has lapsed, now is a good time to join. Contact John Bignall at johnbig@wycomebewandererstrust.com


Trust Matters Feedback

If you have any queries about Trust Matters or if you would like us to consider adding something to the next edition, please contact Trust Matters editor, Nigel Kingston on nigel@ascom.net

Apr
5

General Data Protection Regulation (“GDPR”)

On 25th May 2018, a new Data Privacy law is being introduced, bringing the UK in line with European legislation.

Under GDPR, every individual whose data is held, has the following rights:

  • the right to be informed about the collection and use of their personal data. 
  • the right of access to their personal data and any supplementary information.
  • the right to have personal data rectified if it is inaccurate or incomplete
  • the right to enable an individual to request the deletion or removal of personal data
  • the right of individuals to obtain and reuse their personal data for their own purposes
  • the right to object to processing based on legitimate interests or direct marketing
  • the rights relating to making a decision solely by automated means

 

This explanatory statement covers the following data held by Wycombe Wanderers Supporters Group Ltd (“WWSGL”), Wycombe Wanderers Football Club (“WWFC”) and Wycombe Wanderers Ladies Football Club (“WWLFC”), known collectively, for the purpose of this statement only, as ‘the Club’:

  • WWSGL
    • Community Share Scheme Register
    • Trust Membership
    • Chairboys Funders
    • 500 Club Membership
    • Volunteers
  • WWFC
    • Sponsorship, Supplier and Customer data
    • Season Ticket Holders
    • Staff, including playing staff
    • Founder, Ordinary & Voting Shareholders
  • WWLFC
    • Player Registration

The Information Commissioners’ Office (ICO) allows the use of Legitimate Interest Assessment (“LIA”) to be used as a form of consent for individuals’ data to be held and processed, providing:

  • the individual would reasonably expect such data to be held, and
  • there is minimal privacy impact

An LIA has been conducted for all data currently held and has been deemed to be an acceptable form of consent. In addition, and for the avoidance of doubt, the Club will seek opt-in consent for the use of email to advise individuals of Club events, promotions and partner offers. The Club confirms that it does not share any of the above data with any third party, other than may be legally required by UK regulatory bodies.

Further information will be provided closer to 25th May, but anyone having a concern, who believes that his or her data is held under any of the above categories, should contact the Club either by email at wwfc@wwfc.com, or in writing at Adams Park, Hillbottom Road, High Wycombe HP12 4HJ.

Apr
3

Trust Matters – 2nd April 2018

Part of the following piece first appeared in the Grimsby matchday programme ‘Parklife’ and this will also be emailed to all Trust Members.

WWT and WWFC owned by our fans, run for our fans

Meet your Trust Board:

Lawrie Read was elected to the Trust Board at the AGM in November 2016.

 “I’ve been a supporter of Wycombe Wanderers since the day we entered the Football League and have been a season ticket holder for the past 13 years. I joined the Trust four years ago and volunteered to serve on the Trust’s memorabilia committee a couple of years ago.

I have lived in South Bucks for most of my life and I am well aware of the history and traditions of this football club.

I have recently been a Board member and company Director of UK Screen, the trade body responsible for companies offering Production Services to the UK’s film and television industries and I was President of the BKSTS (the British Film & Television Society) for four years. I have also been an International Governor of the American Society of Motion Picture & Television Engineers. I believe that with my business background, having successfully run my own Company from 2007-2015, I am suitably qualified to help make decisions that are in the best interests of the Trust and Wycombe Wanderers football club.

The Share Scheme – an update:

This was launched in March 2015 and its key aims were:

  • To provide a capital injection to re-finance the Club;
  • To provide resources to improve the profitability of the business;
  • To improve the attraction of Adams Park as an alternative venue;
  • To widen the community ownership of the Football Club and its social benefits.

The Share Scheme now has commitments up to the end of 2019/20 totalling £744,000. It has injected capital into the Club and substantially improved its profitability. Investment has gone into Adams Park to purchase several essential items as well as some Stadium improvements that can be seen. Read here for more on that. There are still many things on the “wish list” and funds from our members are providing things the Club otherwise would not be able to afford. 

Trust Members still paying monthly amounts into the Share Scheme will be entitled to their next share certificate/tax relief claim form in April. Due to the number to be issued and to save on postage costs, could those people please collect an envelope from the Trust table in the Caledonian Suite prior to the final Home game vs Stevenage on Saturday 5th May.

Whilst the injection of funds into the Club has been a huge help, we are not out of the woods yet and fans can still join the Share Scheme either through one off donations or through regular payments. You can do this on the Trust website through this link http://www.wycombewandererstrust.com/share-offer  or for any more information send an email to shares@wycombewandererstrust.com

The Woodlands Leak

On 3rd of March a pipe burst in Kiosk 7 on the concourse in the Frank Adams Stand and was not discovered till Monday morning, by which time it had caused huge damage to many areas.

This photo was taken just after the leak was discovered. The concourse was flooded and the Woodlands, Executive Suite, 6 Executive boxes, the kitchen, bar and toilets had been flooded to a depth of 2 “.

There has been water damage to fabric of the building, damage to catering equipment, to furniture and fittings, to floors, ceilings and many other areas.

One of the key objectives in this type of situation is to detail all the damage and through working with the loss adjuster appointed by the insurers, agree costs for repair and reparation. This has been led for the Trust by John Derben who is a Trust Director. His long experience in the building trade has made sure that we have a capable pair of hands pulling all the activity together.

Michael Davies and his Club team responded superbly to the crisis, putting in a huge number of hours, over and above all normal expectations. It will be weeks yet before things are back to normal and the final cost, which will be funded by our insurers, could be in the region of £200,000. The completion date is looking like end of April 2018, but this is just an estimate.

Why the Trust Matters

Trust ownership has given the Club a level of stability that had been lacking previously. The Trust passionately believes in the preservation of the heritage and history of our Club and seeks to share it with the wider community. The Trust is a volunteer led, democratic organisation which seeks to foster a real sense of ownership amongst the Club’s supporters. The Trust is an ever-changing entity, not constrained by the whims of individual Directors or owners.  All Trust members are equal and anyone of them can be elected or co-opted onto the Trust Board and, from there, onto the Club Board. The Trust’s annual subscription of £10 per annum makes Trust membership accessible to all. If you are not yet a member of the Trust, or if your membership has lapsed, now is a good time to join. Contact John Bignall at johnbig@wycomebewandererstrust.com

Trust Matters Feedback

If you have any queries about Trust Matters or if you would like us to consider adding something to the next edition, please contact Trust Matters editor, Nigel Kingston on nigel@ascom.net

Mar
24

Trust Matters – 24th March 2018

The following piece first appeared in the Port Vale matchday programme ‘Parklife’ and will also be emailed to all Trust Members.

WWT and WWFC owned by our fans, run for our fans 

Meet your Trust Board:

 

Tony Hector was elected to the Trust Board at the AGM in November 2017.

I began supporting Wycombe Wanderers in October 1969 having been persuaded to attend my first game by two school friends.  A season ticket holder from around 1992, I have rarely missed a home game since and also get to attend many of the away games.

After working for HSBC Bank for over 42 years in various managerial positions, I retired in 2015.  I am keen to now devote my time and energy to not just helping the Trust safeguard the Club’s heritage, but to also help drive it forward under the Trust ownership model.  I believe that my broad experience will help augment the skills of the existing Board members in achieving this aim.”

Latest from 500 Club’18 and the Share Scheme:

There are now 145 members of 500 Club’18, who have donated £30,000 this season to the playing budget. This has helped secure the loans of Dan Scarr, Nathan McGinley, Tafari Moore, Randall Williams and Curtis Thompson.

The Share Scheme has now banked £562,000 since it was launched and there is another £175,000 committed over the next two seasons. There are over 180 fans still contributing with regular payments and another 160 fans have made one off payments.

Update from Trust Board Meeting 22nd February

  • Approval has been given for the repair of lighting in Frank Adams Stand at a cost of £9,500, paid for by the Trust
  • Trust subscriptions are outstanding to a sum of £500. Follow up action is taking place.
  • A meeting with the Board of Chairboys Funders took place to outline the proposed new scheme to replace the existing one which matures in May 2018. Positive feedback was given, and all Funders will be written to with details of the new scheme.
  • Code of Conduct policy for Trust Directors was discussed and agreed, subject to minor amendments to be made following the meeting.
  •  GDPR: (How Companies protect personal data) good progress is being made and is on course for the 25 May18 live date.  Interest assessment is complete for Directors and in progress for Club staff.  Policy document will be updated 4 weeks before live date in May.
  • Ability to continue to claim EIS Tax relief on Share Scheme contributions is being investigated, due to recent HMRC changes.
  • WWLFC – Integration into the Club continues. There is a budget for team operation/management.


PALS Update

Volunteers will be doing maintenance work on hedges at the Training Ground on 25th March. Start time is 9.30 am, all tools will be provided. If you can help please contact John Derben on j.derben123@btinternet.com  or 01494 441145.

 

Why the Trust Matters

Trust ownership has given the Club a level of stability that had been lacking previously. The Trust passionately believes in the preservation of the heritage and history of our Club and seeks to share it with the wider community. The Trust is a volunteer led, democratic organisation which seeks to foster a real sense of ownership amongst the Club’s supporters. The Trust is an ever-changing entity, not constrained by the whims of individual Directors or owners.  All Trust members are equal and anyone of them can be elected or co-opted onto the Trust Board and, from there, onto the Club Board. The Trust’s annual subscription of £10 per annum makes Trust membership accessible to all. If you are not yet a member of the Trust, or if your membership has lapsed, now is a good time to join. Contact John Bignall at johnbig@wycomebewandererstrust.com

Trust Matters Feedback

If you have any queries about Trust Matters or if you would like us to consider adding something to the next edition, please contact Trust Matters editor, Nigel Kingston on nigel@ascom.net

Mar
23

Fans Keep On Giving….. So We Can Provide (Updated March 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 £570,000 has been banked with more than a further £174,000 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

Feb
18

Reporting on WW Trust AGM – 29th November 2017

With our apologies that this has taken a little longer than desired to bring to you – please remember all our board members are also volunteers – we can now bring you the minutes and the slide presentation made at our most recent Annual General Meeting.

This file AGM Minutes Nov 2017 brings you the draft minutes of that meeting which contain the Chairman’s report in full along with a summary of the issues raised in the Q and A.

Included in this file of slides WWSGL AGM 29 NOVEMBER 2017 presented are those given by Group Finance Director Mark Burrell on the Group Finances covering Wycombe Wanderers Supporters Group Ltd (“WW Trust”) and its two subsidiaries – Frank Adams Legacy Limited and Wycombe Wanderers Football Club Ltd

Dec
26

Join the 500 Club-18 and YOU Could Be a Winner In ‘The 12 Draws of Christmas’

Wycombe Wanderers fans have had the chance to win exclusive prizes from the ‘Twelve Draws of Christmas’, launched by the 500 Club ahead of the festive period.

The 500 Club is in its second year, aiming to raise funds solely for the playing budget, to be spent during the January transfer window either on new players or extensions of contracts for existing stars.

Having raised almost £27,000 already this season, from 167 contributors, the initiative runs regular draws, giving supporters the opportunity to benefit from exclusive invitations, signed merchandise and more.

There’ll be 12 draws in the lead-up to Christmas so do sign up to the 500 Club-18 via 500wanderers.co.uk to be entered into each draw. Fans can either pay a one-off fee of £150, or spread the cost of 12 monthly instalments of £12.50.

Details of the draws and prizes (subject to change):

5th Dec – a ‘Director for the Day’ package at Adams Park – won by Eric Threlfall see this link

6th Dec – Signed WWFC Football – won by Richard Glenister see this link

8th Dec – Copy of Football Manager 2018 signed by GA – won by Steve Knight see this link

10th Dec – Copy of ‘The Beast’ signed by Bayo -won by Alan Fryer see this link

12th Dec –  one 20% off voucher to be used in the Club shop –won by Keith Higgins of Wycombe Sound Radio see this link

14th Dec – 2018 Calendar signed by the playing squad – won by David Riddington see this link 

16th Dec– A pair of Scott Brown goalie gloves – won by Richard Townsend

18th Dec – An opportunity to deliver the matchball at a chosen home game  – won by Paul Churchett

20th Dec – Signed personalised plaque (as seen in players’ dressing room)  – won by Gareth Cook

22nd Dec – 2018 Calendar signed by Gareth and/or the playing squad – won by Elizabeth Lowe see this link

24th Dec – Signed personalised name plaque (as used in players dressing room) – won by Derek Budd

26th Dec – Director for the Day – won by Philip Bate see this link

Picture above (thanks to WWFC and whoever took it) shows the first few winners receiving their prizes from Gareth.

Read more here https://www.wycombewanderers.co.uk/news/2017/december/fans-rewarded-in-500-club-draws/ and

https://www.wycombewanderers.co.uk/news/2018/january/latest-500-club-prize-draw-winners-revealed/

Dec
22

Accounts for Year Ended 30th June 2017

A link to the Trust’s audited financial report and accounts for year ended 30th June 2017 was recently sent to members with the calling notice for the Annual General Meeting and this can also be found from the appropriate article further down this page.

These and the end of year accounts for Frank Adams Legacy Limited (which owns Adams Park) can also be viewed on our Share Offer page via this link

The Football Club’s accounts for the same period are now finalised and have been sent to each Founder and Ordinary WWFC Shareholder.

Questions on any of these that were not answered at the Trust AGM on November 29th, can be raised at the Finance Forum which was to have taken place on Monday 11 December (postponed due to snow) and which has now been rearranged for Tuesday 23rd January between 6pm and 8pm in Monty’s Bar.

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 approximately 570 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.