Welcome to the Wycombe Wanderers Trust

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

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Dec
11

Monday 11th December – Finance Forum Postponed

Given the current and forecasted weather conditions we have decided to postpone the planned Finance Forum due tonight.

The Trust Board is due to meet later this week and will then agree on a new date.

Dec
8

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 ow finalised and are now being sent to each Founder and Ordinary WWFC Shareholder.

Questions on these that are not answered at the Trust AGM on November 29th, can be raised at the Finance Forum which this year was to have taken place on the evening of Monday 11 December and which will now be rearranged for another date.

Dec
4

Fans Keep On Giving….. So We Can Provide (Updated December 2017)

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 £552,000 has been banked with more than a further £185,000 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

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

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 can proceed without 75% approval from all 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 Andrew Howard (WWFC Chairman) and its employees.
  • Only the Wycombe Wanderers Trust Board can appoint and remove individuals from and to 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.

Nov
30

Profile of New Trust Director – Tony Hector

With kind permission of WWFC, we are able to reproduce a recent programme article where Tony Hector answered questions in the ‘Me and My Wycombe’ feature:

Name: Tony Hector

Where do you sit/stand? I stand on the terrace.

Who do you come to games with? I meet up at the ground with a number of people, but mainly Alan Sunderland and Rod Armitage, although they both have their season tickets for the Beechdean Stand. However, I have stood with the same guys (Colin, Joel, David, Jeff & Alan) for a number of years.

How long have you been a supporter? I first started supporting Wycombe in October 1969.

What made you first start coming to matches? A couple of friends at school had been regulars at Loakes Park since about 1966/67.  They persuaded me to come and watch a game with them.

What was your first match as a fan? Walthamstow Avenue.  I remember we won but really can’t remember the score (2 or 3 nil I think).

What has been your favourite moment supporting the club? Celebrating the most dramatic and unlikely FA Cup 5th round replay victory over Wimbledon in 2001 with ten men and possibly the 120th minute Paul McCarthy equaliser within that game.  It wasn’t the best game overall, but it probably caused me the greatest rollercoaster of emotions and most unexpectedly joyous ending to a game ever.

Who’s the best player you’ve seen during your time as a fan? Steve Guppy in his first spell. He had great acceleration, skill / trickery and was one of the best crossers of the ball I’ve ever seen.

Wycombe Wanderers supporters ahead of the Sky Bet League 2 match between Wycombe Wanderers (4th) and Exeter City (1st) at Adams Park, High Wycombe, England on 14 October 2017. Photo by Andy Rowland.

Who’s been your favourite player to wear the quarters and why? Steve Brown – despite a very difficult start to his time with us, he showed the determination, passion, skill and steel to become a legend.

Tell us a funny story from your time supporting the club? The first time I got the OWWSA coach from outside the Empire Cinema there were two coaches waiting.  However I didn’t realise one was a Saga Travel coach until I tried to get on it.

What does the club mean to you? It feels like being part of a really passionate family.

Describe Wycombe Wanderers in three words: Friendly, Outgoing, Dynamic.

Nov
30

Trust Board Election Result

The number of votes cast at last night’s AGM for each candidate (including proxy/postal votes) was:

Lisa Bowker  – 64

Mark Burrell – 122 (re-elected)

David Cook – 129 (re-elected)

John Derben – 142 (re-elected)

Tony Hector – 110 (newly elected)

Peter Lerner – 90

Many thanks to all Trust members who attended and voted or who submitted a voting paper by post.

Big thanks go out to Lisa and Peter for ‘stepping up’ to make this a contest and congratulations to Tony on his election to the Board. 

Once again, we express our thanks to Dale Jenkins who stepped down after a three year stint on the Board.

Nov
15

AGM – Notice To Trust Members

Dear Member,

The Annual General Meeting of Wycombe Wanderers Trust will be held on Wednesday 29th November, starting at 7.30pm in the Caledonian Suite at Adams Park. The venue will be open to members from 6.30pm, along with complimentary tea and coffee and the bar will be open.

The following documents are available by clicking on these links:

In accordance with the Trust’s Rules, one third of the current Trust Board is required to retire.
Dale Jenkins has decided to retire from the board.
Mark Burrell, David Cook and John Derben are offering themselves for re-election.
Lisa Bowker, Tony Hector and Peter Lerner are also offering themselves for election. As there are six nominees for four available positions, there will be a ballot this year. Click on the Director Nominations link above to read their individual statements.

The six nominees will be in the Caledonian Suite from 1.00pm on Saturday 25th November, prior to the Yeovil Town match, should you wish to meet them..

For those members unable to attend, proxy forms are included for completion and return.

If you have any further questions please do not hesitate to contact the Trust – secretary@wycombewandererstrust.com, on matchdays in the Caledonian Suite or on Twitter – @wwtrust

We hope to see you on Wednesday 29th November.

Oct
24

Trust Membership Renewals Are Due

Membership fees for 2017-2018 become due on 1st November.
The majority of members pay by Standing Order but if you use other means a reminder that you can pay by cash or cheque at the Trust table in the Caledonian Suite before home games.

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

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

Aug
25

New Dressing Rooms – Paid For By The Trust Members

This summer extensive work had to be done to enlarge and improve the Adams Park dressing rooms used by home and away players and matchday officials in order to keep up to required standards.

The cost of this work was met by the football club but they have now received sizeable donations from the Trust member’s contributions to the Community Share Scheme.

This use of Share Scheme money is firmly in line with the stated intentions when the scheme was launched back in 2015 – one of which was to “modernise the changing facilities” which together with other improvements would also “improve our chances of staging other events such as Under 21 international games”

Read also https://www.wycombewanderers.co.uk/news/2017/july/changing-room-renovations-signal-progress-says-boss/

Other projects covered by Share Scheme donations are listed in an earlier article on this website

If you would like to know how you can join the Share Scheme and help support your club financially please email shares@wycombewandererstrust.com

Aug
6

Fulham at Home For Our First Cup Game of The Season

Tuesday night 8th August brings Championship side Fulham to Adams Park in the first round of the Carabao League Cup. Kick off is 7.45pm

A mini version of Terry’s Badges stall will be in his usual spot just inside the Adams Park gates – next to the programme hut.

Please help our fundraising by buying a Matchday badge for just £3

Full details of match tickets can be obtained via this link to the official website of WWFC

Jun
29

5 Years of Supporter Trust Ownership for WWFC

At 7.42pm on Thursday 29th June 2012, Wycombe Wanderers Trust completed their takeover of Wycombe Wanderers Football Club, placing the ownership of the club into the hands of its supporters. Trust chairman Trevor Stroud reflects on the past five years.

By the time you read this, Wycombe Wanderers Trust will have owned our football club for five years!

To say those five years have been interesting would be an understatement, but thanks to a lot of hard work by a lot of people – on a voluntary basis – we now have a football club in as strong a position as it has been for a long time.

We have significantly reduced – and are continuing to reduce – our debt, and all our loans are fully documented and structured. We have restored credibility with our suppliers by delivering on repayment plans.

Furthermore, I feel that all the various organisations that support WWFC are more involved in the club and feel that they have a voice that will be listened to. We have established a Fans Council, which is a route for fans – whether they are Trust members or not – to express their views and get feedback from the club.

Oh, and we have had a lot of fun on the way as well.

There are too many people to thank individually, but I do believe it is worth mentioning just a few.

When we took ownership of the club, we were losing a seven-figure sum every year. Don Woodward took over as chairman and, in conjunction with the Trust Board, made the difficult decisions to significantly reduce the cost base and started us on the journey to achieve a break-even position.

Three years ago, Andrew Howard took over as chairman, and brought his tremendous business acumen to place more emphasis on the commercial side of the business to boost income.

For virtually our entire period of ownership, we have had one manager. Gareth has delivered incredible results with one of the lowest budgets in League 2, and our various cup runs – and the play-off final at Wembley – have contributed significantly to our financial position as well as providing some memorable occasions.

I must mention John Derben, who, with his band of volunteers (the PALS), has saved the club literally thousands of pounds, be it by gardening, painting or cleaning seats and lots of other work.

Finally, I would also like to thank both the football club and Trust boards for all of their time and effort, again on a voluntary basis.

There is still a lot of hard work to be done, and more decisions to be made, but for now let’s celebrate five years of owning our football club, and look forward to a new season which promises much.

Let’s encourage as many people as we can down to Adams Park and I am sure the new season will provide us with much fun and a bit of heartache on the way.

Trevor Stroud
Trust Chairman

Jun
22

Trust Board Deliberations

Although things go a little quieter over the summer months, the Trust Board have still been holding their regular monthly board meetings. As promised here are a summary of the previous three meetings. Please understand that not everything discussed can be put into the public domain for reasons of confidentiality and/or commercial sensitivity.

March
Club President: Trevor Stroud advised that the view of the Club Board is that Ivor Beeks be asked to assume the role of Club President, following the death of Monty Seymour, but that it was important that the Trust Board had the opportunity to express its’ view on the appointment.

Following discussion it was agreed that Ivor Beeks be asked to accept the position of President.

Finance: Mark Burrell updated the Board of summer pitch and dressing room refurbishment costs.
The third charge on Adams Park had been removed following the repayment of Steve Hayes’ debt. 

Share Scheme / 500 Club: The 500 club scheme reached its £75,000 target on Saturday 25th March and now exceeds its original target with £75,090 committed.
Following one application during March, the share scheme now has 331 investors with £742,000 having been committed. As and when further funds are used to provide working capital to the Club, the existing statement on the Trust website will be updated accordingly. 

Club news: The Club would be responding to the EFL with its view of the Checkatrade trophy, following consultation with the Fans Council.
Initial discussions had been initiated on the development of a Wycombe Ladies Team and a closer relationship with WWFC. 

PALS Update: John Derben updated the meeting with the great news that new volunteers continue to come forward. 

Fans Council: The Club Charter was being reviewed and a draft Fans’ code of conduct was being developed. Progress would be reported 

April
President Appointment: Trevor Stroud confirmed that Ivor Beeks had been appointed President of the Club. 

Share Scheme / 500 Club: Nigel Kingston reported that the end of season event had gone well. Alan Cecil reported that the Share Scheme had received a further application and the scheme now has 332 investors. 

PALS Update: JD updated the meeting that the volunteer system continued to work well and that OWWSA had donated £2,155 to the Club for various purposes

Fans’ Council: Trevor Stroud reported that the meeting earlier in the evening had discussed the EFL proposals for next season’s Checkatrade Trophy, and had provided valuable feedback to the Club which would help inform the Club board’s discussion on how to respond to the EFL proposals. Fans’ Council meetings would continue on a monthly basis.

May
Share Scheme / 500 Club: Alan Cecil reported that a further two applications had been received and the share scheme now has 334 investors 

Club Update: David Cook updated the meeting that Aaron Pierre had not yet signed the contract that has been offered. Note: A revised contract has since been offered.
Dressing room updates have commenced and the pitch was due to be re-done towards the end of May, and a tidy up had been planned for the training ground. 

PALS Update: JD updated the meeting that a volunteer day is planned for Sunday 9th July in conjunction with Michael Davies. This will also act as a recruitment day for the club (seeking stewards/ F&B staff etc). 

WWSET/ Ladies:  A manager/ coach is being sought for the WW Ladies team.

AOB: Alan Cecil reported that while the sale of matchday badges was lower this season than last season, it still generated £1,714 for the Trust, and it was agreed that the arrangements should continue for the 2017-18 season.
Easy Fundraising had also generated an additional £375 for the Trust in the past year.

The Trust Board will convene again later this month for their June meeting and a summary of discussions will be published in due course.