About the Trust
The Supporters’ Trust is a group set up by Vics fans for both fans and the wider community.
It is an independent voice on matters affecting NVFC and its supporters and an opportunity for Vics fans to get together for the benefit of our Club, through social meetings or via the internet.
The Trust provide the Voice of the Vics forum as part of the Trust website
What are we trying to achieve?
•Representation: To provide a mechanism to express the interests of supporters and the community, formally with the Board of NVFC. To encourage and promote the principle of supporter representation on the Board. (Working towards the purchase of shares in the club and ultimately to the appointment of a supporters’ director)
•For Supporters: To be open to all supporters of Northwich Victoria FC, affordable, transparent and democratically run. To keep the membership informed and involved in decision making, through regular social meetings, the Trust website and newsletters.
•For the Community: To undertake football based projects in the community, both directly and in conjunction with the Club. To be supportive of national and international initiatives relating to football.
•For the Club: To provide financial and practical assistance as agreed by the Trust members.
So why a Trust?
NVST is registered as an Industrial and Provident Society (IPS) with the Financial Services Authority (FSA). This gives us powers to help us meet our objectives such as buying shares in the football club, we can establish and promote fundraising schemes and also as a ‘business’ we can buy services from the Club. Alll our actions are regulated under the Industrial and Provident Societies Acts, 1965 – 1978. The FSA ensures that NVST is run to high standards of governance, including review of our accounts and annual submissions to the FSA. Each year the Trust Board reports back on progress and actions at the AGM.
Not for Profit
We have an obligation to conduct the business of NVST for the benefit of the community served by the Club and not for the profit of the NVST members. The profits or surpluses of the Trust can only be used to maintain prudent reserves and be used to achieve the objectives. Even if the Trust folds, there is no financial reward for members. One of the key rules in the constitution states that the society may be dissolved by consent of ¾ of members who sign an instrument of dissolution. Any property outstanding after the debt and liabilities have been satisfied is to be transferred to one or more sporting charities in the Area, or one or more societies established for the benefit of the community.
Membership
NVST belongs to its membership. Every full member has one vote and owns one share in the Trust. This share has a nominal value of £1, but cannot be withdrawn, traded or transferred. Once individual membership ceases, the share registered in the name of that member will be cancelled and the amount subscribed for the value of the share becomes the property of NVST. Shares carry no right to interest, dividend or bonus. Membership is open to any person who is a supporter of the club, or has an interest in the game of football in the area and who agrees to be bound by the rules of the Trust.
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