Post by Daedalus on Oct 6, 2012 18:06:38 GMT
I welcome this opportunity to update supporters on the current activities of the Trust. The Trust was formed in 2009 and its objectives were much wider than that of the previous Supporters’ Club. We are committed to strengthening the voice of supporters in the decision making process of the Football Club. These include having a fan representative on the Club’s Board, which has been achieved, and to acquire a direct shareholding in the Club.
At the time the Supporters Club was wound up its members agreed that the unallocated funds of £9,646 held, plus the shop’s stock, be passed to the Trust. This was at a time when there was huge uncertainty about the finances of the Football Club. We have all welcomed the progress made both on and off the pitch under the new owners since then. The Trust has contributed over £30,000 through its expenditure to the Club over the last 3 years. This has included all of the balance received from the Supporters Club in 2009 and all money raised from matchday activities such as shop sales and the raffle. The Trust currently holds around £9,000 and this has been raised directly from members’ subscriptions, donations, Trust specific social and fundraising events and sales less its direct running costs. This money is primarily held to meet the Trust’s ambition to gain a modest equity in the Club. The present ownership structure of the Club does not easily allow this but we are discussing possible future options with the Board. Members will have the opportunity to confirm or amend this policy at the AGM on 15th November.
The Trust Board has recognized the need to more clearly explain the separation of its own earmarked funds with those generated on matchdays for the Club. This has coincided with the Club’s wish to refocus the activities of the Shop and Barry Hilliard’s decision to step down as shop manager. This led to a joint decision to hand over management and existing stock of the shop to the new Commercial Team. Similarly, the Trust Board agreed that all proceeds of the raffle would be immediately passed directly to the Club. Trust members remain committed to maximizing revenues generated for the Club and you will be aware of the work myself and other volunteers undertake on matchdays to ensure things run smoothly. Additional helpers are always welcome.
The Trust Board has a strong commitment to transparency and openness in all its activities. Its proceedings are minuted and available to all on request. New Board members are sought annually with 5 vacancies being considered at the next AGM. A full report on our finances and activities is presented at each AGM. Information is reported to members through newsletters and our websites. Board Members have regular contact with all supporters at matches and other events and try to act on this feedback. The Trust is also registered with the Financial Services Authority and is regulated by its strict rules.
The Trust has a positive relationship with the Club and its Board. We will not agree on everything as it is our role to put forward the supporters’ view. My position on the Management Board allows me to do this and influence its decisions.
Finally, a quick reminder about the next quiz being held in the Saints Bar on Friday 5th October starting at 7.30. Also annual membership forms for the Trust are now available with the AGM scheduled for 15th November at 7.30 in the Saints Bar.
Ian Rogers
Chair of Saints City Trust