Author Topic: The Trust  (Read 17414 times)

Gus

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The Trust
« on: July 20, 2011, 07:58:25 AM »
Does it still exist?

I remember payng £50 for life membership but never received a membership card.

We certainly don't need the Trust but just wondered what happened to it and the funds.

Bostonshire

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Re: The Trust
« Reply #1 on: July 20, 2011, 07:50:19 PM »
Does it still exist?

I remember payng £50 for life membership but never received a membership card.

We certainly don't need the Trust but just wondered what happened to it and the funds.

Every team needs some sort of trust.

dubai camel

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Re: The Trust
« Reply #2 on: July 20, 2011, 08:55:30 PM »
Thought aim was to hand over to a 'Trust' at some point in the future.....

Tipps End Pilgrim

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Re: The Trust
« Reply #3 on: July 20, 2011, 09:54:08 PM »
Gus,

We certainly do need a Trust. Not neccessarily active but waiting in the wings in case things go wrong. Once things have gone wrong, often it's too late to set something up.

My understanding is that Melvin Moxon decided to hand over all the Trust funds in return for 'shares'

The Trust was well run in the early days but Governance, something that should be at the heart of every Trust, fell by the wayside under the leadership of the final Board.

It would be nice to know the current position however.

DL

John C

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Re: The Trust
« Reply #4 on: December 05, 2011, 08:40:25 PM »
Just bumping this up as we were talking about the trust this weekend. Can anyone answer DL's question regarding what happened to any remaining money?

Tipps End Pilgrim

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Re: The Trust
« Reply #5 on: December 05, 2011, 10:33:42 PM »
John,

I still don't know the answer but I hope it still exists as you never know what will happen. Everything can be ok one minute and tits up the next. I would also like to know if the 'shares' were / are worth anything.

DL

Adam

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Re: The Trust
« Reply #6 on: December 05, 2011, 11:50:20 PM »
The share purchase in BUFC was essentially the last 'active' thing the Trust did and was the last of the funds. The FSA has recently accepted the Trust as dormant (effectively dead), but Mick Taylor I hope won't mind me mentioning had some interest in at least keeping it alive as a legal vehicle and completing the annual administrative tasks. If anyone would be interested in helping him out I'd say get in touch ASAP, as the reason it died was due to a lack of people coming forward to fill the boardroom. If you have 8-12 of you you can make progress imho, anything less and its a struggle. My personal opinion is that it is a great shame if it goes as it would take a lot of effort to credibly re-establish in the future, but that it's the only realistic option now. It would be great if a few people volunteered to take it forward out of the blue, but I'd also be amazed!

noughtyforties

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Re: The Trust
« Reply #7 on: December 06, 2011, 07:09:52 AM »
Sadly the Trust was doomed from the moment McFraud and his chums started their smear campaign against it. Shamefully there were people who actually believed the guttural bile that came out of his foul mouth and from there on in it was dead in the water. Only at Boston Utd between 2002-2006/7 could this happen........ However I've immense respect for Mel and the small band of regulars on The Trust board who stood up to the abuse and smears from that vile mob, at least they were seen to be doing something against the rotten regime, not climbing into bed with it.

I don't think its a bad idea to resurrect it in some form or other, people can get complacent and it only takes a short time for things to escalate from a problem to a crisis.........not that I could ever see DN allowing that to happen.

oxo

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Re: The Trust
« Reply #8 on: December 06, 2011, 02:08:29 PM »
I'm afraid Andy is right, it was very unpleasant to be abused and threatened by Evans and his puppets, including his drunken brother, but what was more disappointing was some 150 so called supporters and the local media stood by while it happened and never said a thing.
The question of any remaining monies, there is none, in fact our finance officer has spent a great deal of his own money putting things in order with the FSA.
It is true that Mick dearly wants to keep the Trust alive and would welcome any support so please contact him.
The £3000 of shares still exist and will be gifted back to the club unless the Trust is re-formed, or if any individual wants to purchase them and pay the money into the club I'm sure it can be worked out.
I too believe we are in the best possible hands with David and Neil but please god they don't walk under a bus one day, as there will probably be nobody there to catch the club.
I must add that David and Neil were fully behind the Trust, indeed David said that one day he hoped to hand over the club to a board made up of supporters of the club.
It is such a shame that the clubs supporters were not willing to get involved as they would have had a seat on the board by now. Is it too late?     

Mr Tickle

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Re: The Trust
« Reply #9 on: December 06, 2011, 04:23:13 PM »
Hi Folks

Yes, I am currently in talks with the FSA to ensure tha the trust is not dissolved - For what purpose I am not 100% sure of as of yet.  I just know that my signature is on the original document when we establisghed the Trust and deep down I still believe strongly in the model of a Supporters Trust.  So much as passed under the bridge in the (near) 6 years of its existense and if the Trust does reform then I am certain it will not be in the same vein. As i remember it we formed the Trust as a reaction to those running the club back then and it was mainly about getting supporters to see what they were doing to the club - in that I think we achieved a goal.  We may not have been so successful in many other areas but we gave it a bit of a go.

Many things changed with the arrival of the chestnuts: good things, bad things, and indifferent things.  The Trust had no one to shout down or expose, nothing to react to (other  than the constant bleatings of those that opposed us?), and in reality nothing left in the motivation tanks to keep us going. The Trust has flatlined over the last 2 years yet 1 or 2 people were strong enough to keep it breathing and I thank them for that.

We are in a new era now and it is time where the club is once again becoming (too many already "become") a respectful club based on integrity and hard work.  The Chestnuts have injected an incredible amount of cash into the club and look like facing another year of deficit.  How long can\will they continue to do this?  Hopefully for a long time to come and at a profit - they deserve it.

Regardless of everything past and present I believe that the "not for profit" model of a Supporters Trust is a good thing and if run with the correct levels of bussiness acumen and local community understanding is more than capable of maintaining a sustainable football club.  Whether or not a day will come where BUFC is part of this model at this point in time is indifferent to me.  I like the way the club is being run now thank you very much and when you look closely at the club now it isn't that far off a Supporters Trust model already - It definitely isn't a profit making business!

As for membership of the Trust, then if you paid to be a 10 year member then congratulations you still are :-)  And may I take this opportunity to thank all those that joined and all those that donated at the time.  We worked hard annoying the buggery out of Sotnic, Evans, and the gravy gang, we had some good, bad, and indifferent events and managed to secure some shares from the club in exchange for some much needed money.

The Trust isn't dead, its just sleeping!

If the Trust is ever to be awakened it will not be reformed in the same image as before.  Luckily things have changed and we all need to move on and catch up.

Please feel free to email me privately if you wish to discuss the future of the Trust as I am open to ideas, thoughts and suggestions.  However, please note that I am very busy currently tying up one or 2 loose ends with the trust, very busy at work, and have no immediate plans to relaunch the Trust.  And if or when the time soes come I do not see me being too closely attached to it - i've had my go, it is someone elses turn now!

SUPPORT YOUR LOCAL FOOTBALL CLUB
mick@tayloritex.co.uk

noughtyforties

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Re: The Trust
« Reply #10 on: December 06, 2011, 07:51:52 PM »
Good on you both, real friends of football in this town.

I'd love to help but you know I can't with the situation at home but you've got my 100% support if and when it gets going again.

kingofnaves

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Re: The Trust
« Reply #11 on: December 06, 2011, 08:46:57 PM »
Andy can you remember how much those framed programmes went for?I think Roo won ! ;D

Louth Pilgrim

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Re: The Trust
« Reply #12 on: December 07, 2011, 11:15:05 AM »
Thanks for these replies Mel & Mick.
Remind me - did the referred to abuse and threats by a drunken hanger on happen at a fans forum which would have been attended by some of the most loyal fans and nobody backed you up? I recall reading a forum posting of years gone by of Roo questioning the regime and getting shouted down by certain well known fans. Shocking.
Is it totally out of the question for the good people of BUSA to merge to become the Trust. No officers get any extra responsibilities but the Trust name is kept going.

Ferret

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Re: The Trust
« Reply #13 on: December 07, 2011, 11:42:49 AM »
The problem with a Trust/BUSA merger is one of legal position and function.

The Trust has to be a designated legal body - can't remember the name - and has to abide by all the legal matters that fall from that, some of which involve mandatory costs.  The Trust should be there for a rainy day - saving hard to fund a future takeover of the club.

BUSA have no legal status, we collect and raise money - membership, golden goal, bus fares etc. - which is spent within a short time span on short term help to the club - new turnstiles, showers, gates etc - and providing a service to the fans - buses, children's party, discounts at the club shop and local businesses. 


dubai camel

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Re: The Trust
« Reply #14 on: December 07, 2011, 01:26:26 PM »
Aren't the Chestnuts on record s saying that their preferred plan is to transfer the football club over to a supporters trust at some point in the future?