Thank you to all who attended the AGM last night.
The materials from last night are attached below and we would encourage all to have a read, particularly the ‘WCFCST Exec Sum Business Plan’, to get a good understanding of not only the subjects covered last night, but also to build an understanding of the plan going forwards for both the Football Club and Trust. View the Power Point slides to see the Trust accounts. We would also encourage everyone to view our new timeline by clicking here.
Here are the key points to takeaway from last night.
-Simon Copson joins the Trust Board and the current Trust Board are all re-elected in block
-Trust Board present future outlook and structure of football club and the new prudent financial approach. Club will be owned by the Trust, which is owned equally by the members, which is what will make Worcester City a community owned club. The proposed facility at Perdiswell would also be owned by the Trust as its own separate entity
-The Trust Board presented a summary report of the key elements of Perdiswell and the process. The next steps are: Confirm community organisations involvement > Raise funds > Secure support of WCC for CAT or long term lease > Start development by 2021.
-Funding opportunities, community partners, Community Asset Transfer and the model for profit distribution from the facility were all discussed
-Due to the increasing cost of our operations to bring Perdiswell to fruition and as the Supporters’ Trust becomes the majority shareholder of the football club, it was discussed that an increase in the Trust Membership fee to around £20-30 per year would be acceptable, creating a consistent revenue to fun the Trust’s efforts whilst keeping membership inclusive
-Trust accounts were displayed (available in attached Power Point)
To find out more about the content covered at last night’s AGM, please refer to the attached PDFs.
Lastly, a warm congratulations to Simon Copson who will be joining the Trust Board after being successfully elected last night. Simon is a life long City fan who brings a great deal of experience from his profession and his involvement with the FSF and their work on the England fan embassies at previous international tournaments. No doubt Simon will be a great asset. We’ll bring you a bio of Simon in the coming days so you can get to know a little more about him.
Once again, thanks again to all who attended.