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Sep
3

Trust Directors talk through their roles

This season each Trust Director is writing a piece explaining their specific role.

Below is the edition included in the programme vs Colchester United on August 20th.

Luke O'Nien with sponsors during the Wycombe Wanderers Player Sponsors End of Season Dinner at Adams Park, High Wycombe, England on 12 April 2016. Photo by David Horn / PRiME Media Images.

Photo by David Horn / PRiME Media Images.

Trust Director Dale Jenkins Talks Through His Role

After having served for 18 months on the Trust Board I can already reflect on an exciting, enjoyable experience where I have learnt a lot. It was a proud moment to have been elected by a Trust membership that owns this great football club that we all love, and I will do my best to represent those members at board level.

My primary responsibilities have revolved around Trust communications: keeping the website and social media updated with the latest Trust news. This includes publishing recent Board minutes, bringing items of agenda to the attention of our members and listening to the feedback of supporters. One of my first ideas was to draw together a Trust guide: it is important for fans to know what we do, and what our purpose is. It is also often about finding a balance: we may not always be able to tell fans everything, even some things we may want to because of confidentiality clauses, but the key is we communicate as often and as much as we can, which everyone has bought into.

To be a successful supporter owned club it is imperative to listen to the views of the fan base and I try to raise many points that are made online or in person on match days in board meetings so those views are represented. I may not always agree with everything I read or am told but it is key to pass on what supporters and members alike are thinking – already a number of suggestions have led to a change in practices at the club, for the better.

More recently the Fans Council initiative has been launched with the support of a group of supporters who have had a chance to interact with members of both the Trust and Football Club board. The council has already raised some interesting ideas and projects for the future, I’m sure it will perform an important role in the overall structure moving forwards so please get involved if you think you have some ideas or suggestions to offer.

It was a fantastic start to raise over £700,000 for the share scheme and I am now part of a marketing group which have been coming up with initiatives to encourage further investment. It has also been very inspirational to see more closely just how hard-working the club staff are, and how they go above and beyond the call of duty so often for so many.

The Club Chairman, who also owns his own company, embodies the vision and drive that runs through the staff here. They are ably supported by an excellent volunteer network in PALS: a football club with fairly modest resources achieves so much that might not first meet the eye.

The aim of raising £2million for the share scheme over five years was a target to get the finances on a sounder footing. The tireless of work of staff, volunteers and the generosity of our supporters already have us well on our way.

It has been great to see how this has been achieved thanks to everyone’s hard work – and it makes those on-pitch moments such as your current manager punching in a last minute equaliser against your Essex rivals all the more special!

Come on you Blues!

Sep
1

Are YOU Getting Your Share? (Updated 20.1.17)

scan0018If you are one of the 330 Wycombe Wanderers Trust members who have already signed up to support the Community Share Scheme, then we wish to say a big thank-you!

In just over 21 months since the Share Scheme was launched, there has been a terrific response from our members and with £742k now committed, we are already well over one third of the way towards our target.

We set ourselves a target to raise £2,000,000 over 5 years “to improve the capital base of the Trust in order for it to invest in its assets WWFC and FALL” by using a community share structure to:

  • Ensure the club remains in fans’ ownership with the provision of a capital injection to re-finance the Football Club
  • Provide resources to improve the profitability of the business and the management structure of the Football Club
  • Invest in improved conference and matchday facilities to improve the attraction of Adams Park as an alternative event venue
  • Widen the community ownership of the Football Club and its social benefit

Already we are seeing the benefits of the £466k of Share Scheme money that has been banked, with the Football Club finances heading towards a more stable position and a number of visible improvements being made around the stadium. These will continue as more funds come in.

The Share Scheme is set up so that anyone can invest at any level and if necessary spread their payments over the next 5 years.

We started off with a good number of members wanting to donate their £10 a year subscription EACH MONTH and most of those people have now turned those donations into share purchases to build up a good number of shares over the coming five years.

At the outset it was a simple calculation that if 1000 members each were able to invest £2000, then we would quickly and easily reach our target. Thanks to those who have put in a ‘lump sum’ – some have invested £2000, some have paid more and some less but all are much appreciated.

If we are to continue to ensure Community ownership, then we do need to keep progressing towards our target and hence this message is now being put out to our membership.

So Are YOU Getting Your Share?

Do please consider if you can help in anyway by either setting up a 5-year payment plan (monthly or annually) or by donating a one-off payment of whatever you can. The minimum investment is £100 and the maximum is £100,000.

If you can, then the forms are on our website page –click here – where you can also find the brochure and all the associated background information.

Any questions can be emailed to shares@wycombewandererstrust.com

We believe that by raising extra capital through these Community Shares to invest in the Club, we can turn a business that has traditionally lost money into one built on firm foundations making a profit and make sure the Club remains owned by you, the fans.

Many thanks for any help you can give.

NIgel KingstonTrust Directors will be at the Trust Table before each home game to receive your application or to answer any questions.

Nigel Kingston
Chairman – Share Issue Marketing Group

 

Aug
16

Dorothy ‘Got Her Share’….and Her Shares Live On!

Dorothy Carpenter 1926-2016Towards the end of June, one of Wycombe Wanderers eldest fans sadly passed away.

Dorothy Carpenter from Stokenchurch was ninety years old and registered blind and this picture was taken of her last Christmas in her favourite WWFC t-shirt – aged 90.
Due to her age and blindness, Dorothy didn’t attend games (apart from the Trophy Final in 91), but she would always be ready in her armchair at 3 o’clock waiting for the commentary to start on Chairboys Player. Before that, in the nineties she would sit by a crackly old MW radio listening to the commentary on 1170 with Alan Hutchinson.

Her son tells that that she was totally behind Wycombe Wanderers, ever the optimist and wouldn’t let anyone say a bad word about them.

A presentation ahead of the Sky Bet League 2 match between Wycombe Wanderers and Grimsby Town at Adams Park, High Wycombe, England on 13 August 2016. Photo by David Horn.

Photo by David Horn.

When the Share Scheme was launched Dorothy had no hesitation in helping the club out.The rules of the Share Scheme allow the Trust Board to consider and approve any transfer of shares and we are pleased to allow for these to be transferred to her son Stephen, himself already a Share Scheme investor in his own right.

The picture above on the right, shows Stephen Carpenter receiving a new certificate representing his late mum’s shares, now transferred to him, from Share Scheme Administrator and Trust Director Alan Cecil. They are also displaying one of the new Anthem Jackets which bears the names of the first 150 investors into the Share Scheme. Click here to see how to order one for yourself

ARE YOU GETTING YOUR SHARE?  Click here for more details on how to join the 310+ fans who have done so.

Jul
14

Jordon Ibe – Trust Statement

J IbeThe Trust notes with great interest the announcement today of Jordon’s transfer to AFC Bournemouth, and wish him well in his move to the Vitality Stadium.

We know that Trust members will be very keen to know more about what Jordon’s move means for Wycombe Wanderers in financial terms, and how it might affect our debt repayment to Steve Hayes.

We are subject to confidentiality agreements both with Liverpool FC and with Steve Hayes but we are actively seeking the agreement of both parties so that we can provide members with as much information as possible on this potentially very exciting development for the Trust and for the Club.

We will make a further announcement as soon as we can, and call a members’ meeting as soon as it is appropriate.

Trevor Stroud
Wycombe Wanderers Trust Chairman

Jun
26

Trust Board Minutes – June

The Wycombe Wanderers Trust Board recently met for their monthly update meeting.

Finance:
Mark Burrell led an update on the financial position of the club which is under close scrutiny, with our balance sheet being in its best position for some time.

Share Scheme:
Marketing ideas were discussed (more news on this soon!) We have now raised £726,000 from 306 members over 5 years.

Sales Day:
The “ra ra” day had been very positive as well as energising for the office team. Sales amounted to several thousand pounds, with the potential for more as leads are followed up. This exercise is likely to be repeated each month.

Other Club news:

The Kukri contract had ended and the new kit, manufactured by O’Neills, will be launched on Sunday 10 July.

1650 season tickets had been sold to date, against a total of 1800 last season.

Volunteering:
This summer, a number of our volunteer fans are once again carrying out various maintenance tasks at Adams Park – gardening, painting, seat cleaning and general tidying up – saving the Club several thousands of pounds.

Some of the work is being undertaken by fans who regularly help out on weekdays, but we are also planning to have a big team working on Saturday 9 July, from 9.30am to 4pm, and we are looking for more volunteers to help on this day. Tools will be provided, as well as a sandwich lunch, and the times can be flexible if you cannot make the whole day.

If you can help, or you would like more information, please contact me at: john@wycombewandererstrust.com or on: 01494 441145.

A statement on the Club’s position re the EFL Trophy had been released and is now live on the Trust and Club websites. We had voted in favour strictly on the basis that this is a 12 month trial, is commercially sensible for us and is not a pre curser to Premier League B teams playing in the EFL. The views of the Fans Council will be sought at the end of the trial.

Terry’s badge stall will operate again next season, with badges in a new design.

May
12

Trust Board Appointment

David Smith 2Trust member David Smith has been co-opted onto the Board until the next AGM.

David is a practising corporate lawyer with over 35 years experience of advising public and private companies, and “legal” is a skill we have been looking to add to the Board. We know David well as he has assisted us on a voluntary basis for the last four years and, through his previous firm, has advised us on some of our bigger projects.

David replaces James Sumner, who has recently resigned, and we thank James for his contribution whilst he was on the Board.

More information about David Smith and the rest of the Trust Board members can be found here

May
7

Thanks to the Badge Buyers

WYCOMBE 12TH MANThe 2015-16 season has been our best yet in terms of funds raised from the sale of Matchday and other WWFC themed badges.

The magnificent sum of £3376 has been raised for Trust funds which as always go to support the football club.

Terry's badgesMassive thanks are due to Terry Hall of Terry’s Badges www.terrysbadges.co.uk plus his various assistants who help out when we have a fixture clash with Terry’s first choice (AFCW) or when he is away ground-hopping.

The good news is that Terry and co will be back at Adams Park next season but if there is anything you want in the meantime, then please contact him via his website

WYCOMBE Keep the faithThanks to all our fans who buy these badges and to our visiting supporters who usually also make a significant contribution.

Keep the Faith!

May
5

Notes from April Trust Board Meeting

The Trust Board met recently towards the end of April for their monthly meeting.

The previous minutes were signed off and a financial update was provided by Group Finance Director Mark Burrell. This discussion mainly concerned the control of the club’s cashflow with us still unable to secure a Bank overdraft to cover the irregular nature of our income.

In terms of the football club, the announcement of Luke O’Nien’s new contract has now been made public and decisions on 8 other out of contract players will be made once the season has finished.

Gareth Ainsworth agreed to thank fans in the Vere Suite prior to the Accrington match for their support throughout the season.

The Share Scheme marketing group will meet on 10th May and will put together a couple of ideas to encourage more investors and introduce some exciting new projects.

300 members had now pledged £722K or which £378k has been banked. The ‘Director for the Day’ initiative encouraged a few new investors, and one lucky winner was drawn to enjoy the experience at the Accrington Stanley home match on Saturday 30th April.

There had been little uptake or interest in the previously presented Youth Player Fund, although the club will continue to await feedback from individuals and businesses interested in the proposed scheme.

The Fans Council will meet again on Wednesday 11th May with minutes to be distributed to fans after the meeting takes place.

WWSET is making a very positive contribution but could be a much bigger asset to the Club and ways to make this a reality will be explored. From 2017, the WWSET Board may need to have 25% female representation in order to secure public funding.

The sale of badges had now raised £3000 and will continue next season.

The Trust Board will meet again later in May.

Apr
20

Invest in the Present and Future of YOUR CLUB Please

scan0018Watch this video and then join more than 300 Wycombe Wanderers fans who are investing in their club via the Trust’s Share Scheme.

(Track: Love Runs Out by One Republic.)

Every little helps but there is a feel good factor amongst those who have signed up to do their bit!

Share Offer Forms    Share Offer Brochure

Apr
15

Trust Directors Pledge Their Support

Luke O'Nien with sponsors during the Wycombe Wanderers Player Sponsors End of Season Dinner at Adams Park, High Wycombe, England on 12 April 2016. Photo by David Horn / PRiME Media Images.

The Trust Directors have 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 John Bignell, Dale Jenkins, Alan Cecil, Colin Treacher, Mark Burrell and Trevor Stroud.

Thanks to Prime Media Images for the photograph.

Along with a good number of other 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
10

Trust Board Minutes – March 2016

The Trust Board recently met for its monthly board meeting on Wednesday 30th March.

Our finance Director Mark Burrell talked through the accounts. Season ticket details have been released for next year and early season ticket sales will be a great help.

£3,000 was raised at the recent fundraising evening in aid of the Prostate Cancer charity.

Entry into a “Director for a Day” draw is being offered for the Accrington game for those signing up to the share scheme by April 23rd.

297 members have now pledged £717k in total to the share scheme.

In terms of the football club, the 61 points total has now been achieved. The team are being encouraged to be more relaxed now that the pressure is off in an effort the reach the play offs.

Seven players are out of contract this summer.

In terms of volunteering and Wycombe PALS, Alan Sunderland has now completed 80 hours as a Credit Controller. Alan Bond is working two days per week updating stewards’ records. Maintenance teams are regularly working at the stadium. A schedule of works for the close season is being drawn to be agreed with the Stadium Manager.

From FALL, John Bignell has had a first meeting with those interested in helping with club memorabilia.

Representatives of the Mansfield Town Trust who enjoyed our hospitality on Good Friday said it was “the best they have had this season”.

The Trust Board will meet again towards the end of April.

Mar
18

Happy First Birthday To Our Share Scheme

Happy Birthday

Yes, it’s a year since we launched the Community Share Scheme, so it’s 1-year-old this week.

Let’s look at a few questions – has it worked, what has it achieved, how much has it raised, has it helped the Club, what has the money been spent on?

Let me try and answer these and also look forward to how the Scheme will develop in the future.

I think it’s definitely worked. It’s helped raise the profile of Wycombe Wanderers in the football community, in the greater Wycombe area and among our supporters both near and far.

At the end of the first year, we have absolute commitments to £714,000 over five years. We have put £370, 000 in the bank already and will add another £35,000 by the end of this season. Over 290 people have contributed to the Share scheme so far, that’s an amazing achievement.

Now the big questions – has it helped the Club and what has the money been spent on?

Let me remind you of one of the key aims of the Scheme. “To provide a capital injection to re-finance the Club.” Without a doubt the Scheme as gone some way to helping the Club in its’ objective of achieving financial stability.

The key things we have used the funds for are:

  • HarrimanHelping to re-finance the Club
  • Buying specific items like mowers, new Club flag, and the replacement of broken seats to replace those that have suffered wear and tear over the years, thereby maximising available capacity.
  • Fixing the big screen so that we can attract new advertisers
  • Buying medical equipment to speed up player recovery times
  • Providing funds to help buy Michael Harriman (pictured right)

The Future

They say the first year is the easiest in fund raising. We set ourselves a target of £2m over 5 years and to date we’ve raised 36% of that, so there’s still a long way to go. We will be continuing to come up with ideas to raise awareness of the Scheme and to try to persuade more people to contribute. For instance, there is a need to refurbish our changing rooms and that is just one area of potential support that we are currently discussing with the Club.

At present there are over 2,400 season ticket holders at the Club and over 1,000 members of the Trust. But we’ve only got 295 investors in the Share scheme.

So if you are one of those who has not yet contributed, please think about doing so. It’s your Club and its future will definitely be brighter the more funds the Share scheme is able to raise. Application forms are available on Matchdays at the Trust Table in the Vere Suite and on line here. Remember that UK tax payers can claim tax relief of 30% of their investment in any tax year

One other point. If you have any good ideas as to how we should take the Scheme forward and persuade more people and businesses to invest in the Scheme, please let me know. We’d be delighted to work with you to do this.

Finally, a very big thank you to all those who have invested their time and money in the Share scheme and here’s hoping that on the Scheme’s second birthday we’ll be celebrating reaching that £2.0m target.

Nigel Kingston

Chairman Share Issue Marketing Group

Email nigel@wycombewandererstrust.com

Feb
25

Changes to Trust and FALL Boards (UPDATED 25.2.16)

Board Changes 

  • Colin Treacher has been appointed as Vice Chairman of the Trust and will also continue as Company Secretary.
  • Garry Heath has resigned from the boards of the Trust and Frank Adams Legacy Limited (FALL) because of his business and other commitments (and for no other reason). Garry contributed very significantly to our fund raising efforts through the Chairboys Funders, which he set up, and through his early work establishing the Share Scheme. I would like to place on record my sincere thanks to Garry for all he did over many years.
  • David Roberton David Roberton (pictured left) has been co-opted to the Trust Board to replace Garry. David, who is well known to many of you as a previous Trust and Club director, received the highest number of votes of the unsuccessful candidates at the last AGM and only missed being elected by two votes.
  • John Derben has been appointed as Chairman of FALL, to replace Garry, and Trust President Karen Adams and Group Treasurer Martyn Broughton have also joined the Board.
  • JB pic 2 (2)UPDATE: John Bignell, (pictured right) who continues to act as Trust Membership Secretary has also joined the Board of Frank Adams Legacy Limited. John will take over responsibility for the memorabilia and artifacts gained by the club over many years. He will be setting up a working party of people  with similar interest and they will report back to the FALL and Trust Boards.
  • The FALL Board is therefore now made up of John Derben, Alan Cecil, Karen Adams, Martyn Broughton and John Bignell.

Feb
24

Trust Board Meeting Minutes – February 2016

Last week the Wycombe Wanderers Trust Board met for their monthly board meeting.

It was confirmed that David Roberton would be co-opted onto the Trust board until the next AGM following the resignation of Garry Heath. David’s role will be as our lead representative on the WWSET board.

Our finance director Mark Burrell gave an overview of the work that the Group Finance Committee have been doing.

The unbudgeted income of the Aston Villa FA Cup ties and the sale of Matt Ingram has helped to close the forecasted shortfalls at certain crunch points during the season and during the Summer when the club have no game income.

The monies are being used to fund the forecast shortfalls and give the Group financial stability for the first time, rather than tight, active day-to-day cash management. Our ‘overdraft’ has been repaid and the rest will be used as the Group Finance Committee and the WWFC board decide for funding the balance of this season, the Summer and to get the Group safely financially to the 2016-17 season.

The Group company debts are being constantly reviewed and paid.

On players in the short-term, as Gareth Ainsworth and Richard Dobson have frequently said, they are looking for players but they need to be sure they are the right ones. We are being careful financially and not immediately spending any “windfall” but are taking a safe, long term view.

Match day badges have raised £2,400 so far this season – thank you to everyone who continues to collect them.

In regards to the Share Scheme, 291 members had now pledged £710k of which £365k had been banked.

It was noted that last season we had the 7th highest growth in attendances of the 72 FL clubs and sales of season tickets are 14% ahead of last season.

John Bignall was appointed to the FALL board and will take the lead on memorabilia.

News on the Fans Council will be released imminently, with the first meeting to be held in March 2016.