Annual Return (AR30) form Society Name: Football Supporters' Society Limited

Society Num: 29366 R

An Annual Return must be completed by all societies registered under the Co-operative and Community Benefit Societies Act 2014 (‘the Act’) (including any societies previously registered under the Industrial and Provident Societies Act 1965). The Annual Return must include:

• this form; • a set of the society’s accounts; and • where required, an audit report or report on the accounts.

A society must submit the Annual Return within 7 months of the end of the society’s financial year. Failure to submit on time is a prosecutable offence.

Please note that this form, including any details provided on the form, will be made available to the public through the Mutuals Public Register.

For guidance on our registration function for societies, which includes guidance on the requirement to submit an Annual Return, please see here

2.1 What date did the financial year covered by these accounts end?

31/12/2019

3.1 Please provide the names of the people who were directors of the society during the financial year this return covers.

Some societies use the term ‘committee member’ or ‘trustee’ instead of ‘director’. For ease of reference, we use ‘director’ throughout this form.

Name of Director Month of Birth Year of Birth

Mr Peter Ronald Jones Sep 1961

Mr Brian Andrew Phillips Jun 1964

Mr Spencer Lee Harris Sep 1973

Mr Gavin Jones Apr 1970

Mr John Mills Apr 1957

Mrs Sarah Smith-Howard Sep 1973

Mr Richard Ulrich Aug 1977

Mr Mark Williams Jul 1978 Mr Anthony Mark Jones Dec 1964

Mr Simon Rhodes Jan 1971

Mr Steven Lloyd Jun 1970

Mr Bryan Still Jul 1966

Mr Robert Stock Jun 1985

Mr Jonathon Hughes Dec 1966

Mr Bryan Michael Lewis Jul 1983

Mr Matthew Davies May 1982

Mr James Andrew Harrison Jan 1980

Mr Matthew Scott May 1986

3.2 All directors must be 16 or older. Please confirm this is this case:

All directors are aged 16 or over

3.3 Societies are within the scope of the Company Director Disqualification Act 1986 (CDDA). Please confirm that no director is disqualified under that Act:

No director is disqualified

3.4 Please state any close links which any of the directors has with any society, company or authority.

‘Close links’ includes any directorships or senior positions held by directors of the society in other organisations.

a

3.5 Please provide the name of the person who was secretary at the end of the financial year this return covers.

Societies must have a secretary

Name of Secretary Month of Birth Year of Birth

Mr Joshua Williams May 1993

4.1 Please confirm that:

accounts are being submitted with this form the accounts comply with relevant statutory and accounting requirements

the accounts are signed by two members and the secretary (3 signatures in total)

4.2 Based on the accounts, please provide the information requested below for the financial year covered by this return.

Number of members 2702

Turnover 95192

Assets 1376630

Number of Employees 0

Share Capital 2702

Highest rate of interest paid 0 on shares

4.3 What Standard Industrial Classification code best describes the society’s main business?

Where more than one code applies, please select the code that you feel best describes the society’s main business activity. You will find a full list of codes here

SIC Code Other sports activities (93199) *

Societies are required to appoint an auditor to audited unless they are small or have disapplied this requirement. For further guidance see chapter 7 of our guidance: https://www.fca.org.uk/publication/finalised-guidance/fg15-12.pdf

5.1 Please select the audit option the society has complied with:

Full Professional Audit Auditor’s report on the accounts Lay Audit No audit

5.2 Please confirm the audit option used by the society is compliant with the society’s own rules and the Act

We have complied with the audit requirements 5.3 Please confirm any audit report (where required) is being submitted with this Annual Return

Yes Not applicable

5.4 Is this society accepted by HM Revenue and Customs (HMRC) as a charity for tax purposes?

Yes No

5.5 If the society is registered with the Office of the Scottish Charity Regulator (OSCR) please provide your OSCR registration number.

Registered Not applicable

5.6 Is the society a housing association?

No Yes

6.1 Is the society a subsidiary of another society?

Yes No

6.2 Does the society have one or more subsidiaries?

(As defined in sections 100 and 101 of the Act)

Yes No

6.3 If the society has subsidiaries, please provide the names of them below

(or attach an additional sheet)

Reg Number Name

09569619 WST Assets Limited

07698872 Wrexham AFC Limited 6.4 Please provide below (or on a separate sheet) the names of subsidiaries not dealt with in group accounts (if any) and reasons for exclusions:

(the society must have written authority from us to exclude a subsidiary from group accounts)

Reg Number Name Reason for Exclusion

NA Not applicable Not applicable

All societies are registered meeting one of two conditions for registration. These are that the society is either:

• a bona fide co-operative society (‘co-operative society’); or • are conducting business for the benefit of the community (‘community benefit society’).

You must answer the questions set out in in the next section of this form, depending on which condition for registration you meet. If you are not sure which condition for registration applies to the society please see chapters 4 and 5 of our guidance here.

7.1 Condition for Registration

Co-operative society Community Benefits society

Community benefit societies must answer the following questions in relation to the financial year covered by this return.

7B.1 What is the business of the society?

For example, did you provide social housing, run an amateur sports club etc.

The Trust is set up with the following objects (as described in the Trust’s Rules): • enhancing the social, cultural and economic value of the Club to its Communities and by acting as a responsible custodian of the club for future generations; • upholding the mutual ownership of the Club operating democratically, fairly and transparently; • ensuring the Club operates with financial responsibility enabling the Club to be run for the long-term interest of the Community; • providing sporting facilities and opportunities regardless of age, income, ethnicity, gender, disability, sexuality, religious or moral belief; • playing at the highest level possible, but always operating in a financially responsible, prudent and sustainable manner; and • to uphold and preserve the tradition and heritage of Wrexham Football Club and to secure the longterm future at the Racecourse Ground, Wrexham. 7B.2 Please describe the benefits to the community the society delivered?

Here we are looking to see what the benefits to the community were. Community can be said to be the community at large. For example, did you relieve poverty or homelessness through the provision of social housing.

The supporters of Wrexham Football Club and the Community it serves

7B.3 Please describe how the society’s business delivered these benefits?

The business of the society must be conducted for the benefit of the community. Please describe how the society’s business (as described in answer to question 7B.1) provided benefit to the community.

Named charities and fundraising events

7B.4 Did the society work with a specific community, and if so, please describe it here?

For instance, were the society’s activities confined to a specific location; or to a specific group of people? Please note that in serving the needs of any defined community, the society should not inhibit the benefit to the community at large.

The society works with the supporters of Wrexham A F C at the Racecourse Ground to help support the work of named charities (financial and other) who provide valuable assistance to members of the wider community who require their assistance.

7B.5 What did the society do with any surplus or profit?

For instance, did you pay a dividend to members (and if so, on what basis); did money get reinvested in the business; put into reserves; used for some other purpose?

Held until expenditure is approved for the good of Wrexham AFC and the community

7B.6 Please state any significant commercial arrangements that the society has, or had, with any other organisation that could create, or be perceived as creating, a conflict of interest.

Please tell us how you ensured that any such conflict of interest did not prevent the society from acting for the benefit of the community.

The society does not have any significant commercial arrangements that could be perceived as creating a conflict of interest. Company Number: 29366R

WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

REPORT & FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2019

WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2019

Contents Page

Officers and Professional Advisors 1

Board Report 2 - 6

Statement of Responsibilities 7

Auditors’ Report 8 - 9

Income Statement 10

Statement of Financial Position 11

Notes to the Financial Statements 12 - 14

The following pages do not form part of the statutory financial statements:

Management Information 16 - 17

WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

OFFICERS AND PROFESSIONAL ADVISORS

YEAR ENDED 31 DECEMBER 2019

Trust Board Peter Jones (Chair) John Mills (Vice Chair) Brian Phillips (Treasurer) Spencer Harris Gavin Jones Mark Williams Sarah Smith-Howard Bryan Still Stephen Lloyd Robert Stock Matthew Davies (Co-opted) James Harrison (Co-opted) Matthew Scott (Co-opted)

Trust Secretary Joshua Williams

Trading Name Wrexham Supporters Trust

Business Address c/o Wrexham AFC Limited The Racecourse Stadium Mold Road Wrexham LL11 2AH

Registered Office c/o McLintocks The Coach House 25 Road Wrexham LL11 1EB

Auditors McLintocks (NW) Limited Chartered Accountants Statutory Auditors The Coach House 25 Rhosddu Road Wrexham LL11 1EB

- 1 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

The Board of the Wrexham Football Supporters’ Society Limited (“the Trust”) has pleasure in presenting its Annual Report and Financial Statements covering the year to 31 December 2019.

Objects

The Trust is set up with the following objects (as described in the Trust’s Rules):

• enhancing the social, cultural and economic value of the Club to its Communities and by acting as a responsible custodian of the club for future generations; • upholding the mutual ownership of the Club operating democratically, fairly and transparently; • ensuring the Club operates with financial responsibility enabling the Club to be run for the long-term interest of the Community; • providing sporting facilities and opportunities regardless of age, income, ethnicity, gender, disability, sexuality, religious or moral belief; • playing at the highest level possible, but always operating in a financially responsible, prudent and sustainable manner; and • to uphold and preserve the tradition and heritage of Wrexham Football Club and to secure the long-term future at the Racecourse Ground, Wrexham.

Society Status

The Trust is incorporated with Limited Liability under the Co-operative and Community Benefit Societies Act 2014.

Membership

At 31 December 2019, the Trust had 2,702 current adult members (31 December 2018: 2,817). Each member is allotted one share of £1 each in the Trust. The table below shows the membership composition.

TABLE 1: Adult membership of the Wrexham Supporters Trust at 31 December 2019

Adult Membership Type Number of Members

Full 2,635 Life 54 Honorary 1 Associate 12

Total 2,702

Trust Board

Trust Board members who have served during the year to 31 December 2019 are:

Peter Jones (Chair, Re Elected June 2019) John Mills (Vice Chair, Re Elected June 2017) Alan Fox (Secretary, Appointed December 2012); Resigned October 2019 Joshua Williams (Secretary, Appointed December 2019) Brian Phillips (Treasurer, Elected June 2019) Mark Williams (Re-elected June 2018) Spencer Harris (Re-elected June 2017) Gavin Jones (Re-elected June 2017) Simon Rhodes (Elected June 2017); Resigned November 2019 Sarah Smith-Howard (Elected June 2017)

- 2 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

Mark Jones (Elected June 2017); Resigned April 2019 Stephen Lloyd (Elected June 2018) Bryan Still (Elected June 2018) Robert Stock (Elected June 2019) Johnathon Hughes (Elected June 2019); Resigned October 2019 Richard Ulrich (Re-elected June 2017); Resigned February 2019 Mike Lewis (Elected June 2017); Resigned June 2019 Matt Davies (Co-opted November 2019) James Harrison (Co-opted November 2019) Matthew Scott (Co-opted October 2019)

Review of the Year

These are unprecedented times, with all football in the UK having been suspended since 19 March 2020 due to the coronavirus pandemic. It has also put a huge question mark on when we see live football again, with some suggesting it could even be the new year. This has certainly put a strain on the finances of every football club, and how many will survive to the end of this situation is questionable. The Football Club board at Wrexham have acted swiftly by furloughing all employees to give the Football Club a chance to see this through. Thankfully, due to the rigorous financial regime that the Football Club undertake, and the fact that the Supporters Trust hold, at the time writing this, £213,000 in the WST account, will hopefully see us through this time of uncertainty. This calendar year we have only had income from two home games, and with the loss of the Lionel Ritchie concert and other planned events, our income stream has been greatly depleted.

With all of this in mind, we need supporters to get behind the Football Club, whoever is in charge, until we recover from this setback. We have all seen the call for heads of certain people; but I deplore those who take to personal abuse of individuals who are working extremely hard to ensure we have a Football Club to go forward after this pandemic. The way to remove anyone from the positions that they are in, is by democratic procedures that we have in place as a Fan owned football club, and not by using what can be described as bullying tactics from people using social media as a tool for their own agenda. The Annual General Meeting has always been a way to go forward. If you are unhappy with what is happening and with the way things have been run, you can either vote for the people you want on the Board or stand for election yourself. The door is open to any member to do this.

However, having said that, we do need people with the skills to come on board; people who have the capabilities to represent the running of the business side of the Football Club, whilst also, most importantly, the time and availability to give to the Football Club cause. From my own position, I understand the need for change, and to have new faces come on board which I welcome, and, it is with this in mind, that I will be stepping down from the Chair of the Supporters Trust and the Board as well, to ensure new faces get the chance to bring a fresh approach to both the Trust and Football Club Boards. This decision was made last year when I decided to give one more year, as I really felt that last season would be the year. How wrong was I?

The proposed EGM at the latter end of the year never received enough votes to back the resolutions that were being put forward. We, as a Board, tried to engage with these people, who remained behind their usernames on social media, but the offer was turned down. I did not agree with all the resolutions that they made, but as a Board we did want to discuss how we could improve the way things are and could be improved by mediation. However, the fact that the Trust Board get accused of a lack of transparency, these people disappointingly declined the offer to discuss their issues.

- 3 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

Hopefully, this year’s AGM will see the call for change that they feel is needed, and that we see people who will put Wrexham Football Club first as previous Board members have. After all, we are all fans of Wrexham AFC.

Looking back, there is no doubting that this past season has been a huge disappointment for us all.

Pre-season, and everything looked quite promising. Several new signings had been made by the manager Bryan Hughes to add to the squad that reached the play-off the previous season. Fans were obviously hopeful going into the new season as was shown by the attendance at the opening game of the season when we beat Barrow 2-1.

However, just one further win in the next eleven games proved otherwise, and this led to the replacement of Bryan Hughes as manager. took temporary control, before was chosen from four candidates interviewed to take up from where he left us a couple of years go.

Following on from last year, the interviewing for the new manager took place, and the Football Board put forward their proposal to the Trust Board with the reasons to appoint Dean over the other candidates. The Trust Board were unanimous in agreeing with the decision to appoint Dean as manager of Wrexham AFC. Not every appointment pleases all fans, but the Board made their honest decision in the best interests of Wrexham AFC. Going forward, I wish him well when the new season eventually starts.

Last year also saw the addition of Wrexham legend Dixie McNeil to the Football Club Board. Dixie had been a player, manager, and president of our Football Club since arriving in the Town in 1977. He was invited onto the Board to add his football and managerial experience of dealing with players, as well as his business experience. Thank you, Dixie.

John Mills has, already at the time of writing, indicated that he will not be standing at this year’s AGM due to his personal workload. I would like to take this opportunity to thank John on behalf of the Supporters Trust for his service and efforts on both Boards. His expertise in helping with the IT of the Football Club has saved thousands of pounds for the Club over the years. John joined the Trust Board in 2009 and has been on the Football Club Board since 2012.

I would like to thank all the Football Club Board for what has been a difficult year for all concerned. As well as John and Dixie: Spencer Harris, Gavin Jones, Mark Williams, and Phil Salmon have all continued to do an excellent job in taking our Football Club forward off the field. Their time-consuming workload must be admired and respected, and with being almost nine years of fan ownership, they have gained invaluable experience in the running of a professional Football Club.

As well as John and myself, also not standing at this year’s AGM is Trust Board member Sarah Smith-Howard, as she plans to get married this summer. Sarah has been on the Trust Board since being co-opted in 2016 and has worked on the Fundraising and Membership group during that time. Thank you, Sarah from all the Board, and you have our best wishes for the future.

The Trust Board has also seen the departure of Johnathan Hughes, Simon Rhodes and Mark Jones and we thank them for their service to the Football Club cause.

One further loss was that of our independent secretary Alan Fox due to his own increased workload. Alan had been the independent secretary of the Trust since 2012, and his help and advice since has been a great help in the smooth running of the Trust over that period. Thank you, Alan.

- 4 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

The loss of these people, and the reasons given, have one common denominator and that is time. The availability to give justice to the role of a Trust Board member is important. I have always told new Board members that family and work come first, whilst being a Board member that supports a professional football club comes very close behind.

Alan’s replacement was Josh Williams who had settled into his role when coronavirus hit us. It has also meant an increase in Josh’s workload which has seen him ask to temporarily step down until the situation improves. The Board acted swiftly, due to the timing of the Trust’s Annual General Meeting, and appointed former secretary, Lindsay Jones, to oversee the running of the 2020 AGM.

The Board co-opted new Trust Board members during the past year. One of these was Matthew Scott who joined the membership team to help Sarah. Matt has brought a new dynamic that has been positive for the Board, with plenty of fresh ideas that we will, hopefully, build on next season. These include new member benefits and setting up Corporate membership for next year.

The Finance Revenue generation group co-opted Matt Davies and James Harrison to assist Bryan Still, and this past year organised the Christmas raffle which raised several thousand pounds towards the Club’s youth setup. A Murder Mystery Night and a Sportsman’s lunch were held during the year, which, unfortunately delivered an exceedingly small loss. Other events had been organised for this calendar year such as our first ever Beer festival as well as the Player of the Season dinner. However, like the football, they had to be cancelled due to the coronavirus outbreak. Overall, for the Financial year, our Fundraising income was down £21,394 with the primary factors being the end of the Build the Budget campaign (£14,357) and lower Christmas raffle takings (£5,840).

The Community group has been ably led by Steve Lloyd and Rob Stock, whose aim at the start of the season was to deliver a range of community initiatives, focused on diversity and inclusivity throughout the season whilst building and enhancing the standing of both Wrexham Supporters Trust and Wrexham AFC within the community.

During the season, the group delivered on their objectives by organising another grassroots football day which was attended by over 800 young players and their coaches. They have also supported community ventures such as mental health support, food bank collection, hosting a Macmillan coffee morning, a Memorial Day for the Gresford Colliery disaster and supporters who were sadly no longer with us.

In conjunction with the Club’s Disability Liaison Officer, Kerry Evans, we also supported the level playing field week of action campaign with the brilliant “Sign of the Times” choir performing. The group were also to support Football v Homophobia campaign, but sadly, the designated match against Torquay was postponed.

The group has also been working with Public Health Wales with a view to promoting various Health initiatives through the Club over the course of the year. They have liaised with Supporters Groups throughout the season, as well as setting up recruiting volunteers for the setup of a youth dragons group which will be looked into progressing next season.

The Junior Dragons continue to thrive and grow in numbers with membership increasing by 11 to 656. They hosted a hugely successful Christmas Party with over 150 in attendance as well as holding several other successful events throughout the year.

Sadly, both Rob and Steve have recently decided to step down from the Trust Board at the AGM. We thank them both for the excellent work they have done.

- 5 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

I’d like to take this opportunity to say a huge thank you to the Club’s DLO, Kerry Evans, for the excellent work that she has done for the disabled supporters, none more so than the organisation of away travel and setting up the new Autism friendly/Quiet room at the Racecourse under the Mold Road Stand to enhance our standing as an autism friendly stadium.

With performances on the pitch, and the negativity within a section of the fan base, it has been a difficult year for the membership team, which has seen adult membership drop by 115 to 2,702.

Our treasurer, Brian Phillips, who will take questions on the Trust’s account at the AGM, has reported that membership subscriptions dropped by £3,744 on the year. Also down was Build the Budget income by £14,357. This initiative saw the last bit of income in 2018 when a further £15,103 was received. There are still a few people that are contributing, but only £746 was received in 2019.

I would like to thank Brian for all the hard work he has done in trying to keep on top of membership subscriptions whether it be by Pay pal, standing order or even by cheque. Thank you, Brian.

Whilst thanking people, I would like to take the opportunity to thank Carl Hogan, who after eight years, decided to step down from leading the media team at the end of last season. Carl has worked extremely hard as a volunteer to build up an excellent volunteer media team that do some great work in covering all the media aspects that is entailed in the media group work. These areas include TV and radio commentary, managing the post-match interviews with professionalism, filming the game, photographing, the overall management of the media team and meeting the visiting media on match day. Carl should be proud of his efforts and will be a huge loss. However, three of his team (James Harrison, Ollie Williams, and Colin Henrys) are stepping up to cover this work. We wish them well.

Whilst touching on the Media team, I would like to say a huge thank you to Kingsley Evans who is the voice of Dragonheart radio on Calon FM. Kingsley came on board five years ago to help restart the popular radio show, and he has done a tremendous job over that time. I am sorry that he has decided to call it a day.

I will say it again, volunteers are a huge asset to our Football Club, and we are fortunate to have so many, but you can never have enough! If you have time to spare and want to be a “cog in the wheel” in the running of the Football Club, whether it be on match days, involved with the Community group, membership group, or part of the fundraising team, then we want to hear from you. Why not volunteer your name by emailing [email protected].

Finally, I would like to take this opportunity to thank fellow co-owners/shareholders for the fantastic support you continue to give to this Football Club since the Trust took over the ownership of Wrexham Football Club. It has been a pleasure to be involved, but now it is time for others to give it a go in the difficult job of getting Wrexham AFC back to the Football League. All Wrexham fans want to achieve this goal but have different ideas of how to achieve that aim. I wish them well in obtaining our number one goal.

Wrexham fans have been absolutely fantastic in embracing the ethos of fan ownership. Yes, there are fans who do not share the views of the Board, but that is the case whatever Board is overseeing the running of any Football Club.

Whatever your opinion, true fans of Wrexham AFC really do need to get behind Dean Keates and the team when we eventually start the new season.

- 6 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF RESPONSIBILITIES

YEAR ENDED 31 DECEMBER 2019

Review of the Trust’s Financial Results

The surplus for the year, after taxation, amounted to £62,263 (2018: £101,339).

Auditors

McLintocks (NW) Limited have indicated their willingness to continue in office as auditors and in accordance with the provisions of the Co-operative and Community Benefit Societies Act 2014 it is proposed that they be re-appointed.

By order of the Board

Peter Jones Chair 9 July 2020

The Society Board is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The Society Board is required to prepare financial statements for each financial year in accordance with Generally Accepted Accounting Practice including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Accounting Standards and applicable law).

The financial statements are required by law to give a true and fair view of the state of affairs of the Society and of its excess of income over expenditure for that period.

In preparing these financial statements, the Society Board are required to:

• select suitable accounting policies and then apply them consistently; • make judgements and estimates that are reasonable and prudent, and • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Society will continue in business.

The Society Board is responsible for maintaining satisfactory systems of internal control and keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Society and enable it to ensure that the financial statements comply with the Co-operative and Community Benefit Societies Act 2014. The Society Board is also responsible for safeguarding the assets of the society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Society Board is responsible for the maintenance and integrity of the corporate and financial information included on the Society’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

- 7 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 DECEMBER 2019

Independent auditor's report to the members of Wrexham Football Supporters’ Society Limited

We have audited the financial statements of Wrexham Football Supporters’ Society Limited for the year ended 31 December 2019 on pages 10 to 14 which comprise Income and Expenditure Statement, Statement of Financial Position and related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Society’s members, as a body, in accordance with section 87 of the Co-operative and Community Benefit Societies Act 2014. Our audit work has been undertaken so that we might state to the Society’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Society and the Society’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of the Society Board and auditor

As explained more fully in the Society Board’s Statement of Responsibility, the Society Board is responsible for the preparation of financial statements which give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of whether the accounting policies are appropriate to the Society’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Society Board and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Board Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies, we consider the implications of our report.

Opinion on financial statements

In our opinion, the financial statements:

• give a true and fair view of the state of the Society's affairs as at 31 December 2019 and of its income and expenditure for the year then ended; and • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and with the Co-operative and Community Benefit Societies Act 2014.

- 8 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 DECEMBER 2019

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Co-operative and Community Benefit Societies Act 2014 require us to report to you if, in our opinion:

• proper books of account have not been kept by the Society in accordance with the requirements of the legislation; • a satisfactory system of control over transactions has not been maintained by the Society in accordance with the requirements of the legislation; • the income statement or the other accounts (if any) to which our report relates, and the statement of financial position are not in agreement with the books of account of the Society, • we have not obtained all the information and explanations necessary for the purposes of our audit.

McLintocks (NW) Limited Chartered Accountants Date 16 July 2020 Statutory Auditors The Coach House 25 Rhosddu Road Wrexham LL11 1EB

- 9 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

INCOME AND EXPENDITURE STATEMENT

YEAR ENDED 31 DECEMBER 2019

Note 2019 2018 £ £ £ £ INCOME

Membership Subscriptions 73,732 77,476

Fundraising and Donation Income 12,695 13,892

Christmas Draw 7,821 13,661

Build The Budget - Other 746 15,103

Interest Received 198 9

TOTAL Income 95,192 120,141

EXPENDITURE

Merchandise Expenditure 20 0

Fundraising Expenditure 17,628 5,086

Administrative Costs 13,522 11,679

Other Expenditure 1,307 1,376

Finance Costs 414 659

TOTAL Expenditure 32,891 18,800

SURPLUS BEFORE TAXATION 62,301 101,341

Corporation Tax 3 38 2

SURPLUS AFTER TAXATION 62,263 101,339

There are no recognised gains or losses other than the surplus for the year.

There are no acquisitions or discontinued operations during the current or preceding year.

The notes on pages 13 to 15 form part of these financial statements

- 10 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

STATEMENT OF FINANCIAL POSITION

YEAR ENDED 31 DECEMBER 2019

Note 2019 2018 £ £ £ £ Fixed Assets: Investments 4 1,112,096 1,085,862

Current Assets: Debtors 5 77,668 81,449 Cash at bank and in hand 6 184,164 140,613 261,832 222,062 Creditors: amounts falling due within one year 7 9,358 7,302

NET ASSETS 1,364,570 1,300,622

Capital and Reserves: Share Capital 8 2,702 2,817 Community Shares 9 179,855 178,055 Reserves 10 1,182,013 1,119,750

SHAREHOLDERS' FUNDS 1,364,570 1,300,622

These accounts have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities.

The Financial Statements were approved by the Board on 15 July 2020 and signed on its behalf by:

Peter Jones Chair

Brian Phillips Treasurer

Joshua Williams Secretary

The notes on pages 13 to 15 form part of these financial statements

- 11 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2019

1. Accounting Policies

Basis of accounting The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (‘FRS 102’) and the Companies Act 2006.

Income Income represents the donations, subscriptions and monies received from other fundraising events during the period exclusive of value added tax where applicable.

Investments Investments recognised as fixed assets are carried at cost, less provision for any impairment in value.

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation The Society is a mutual trading society and hence corporation tax is only payable on interest received and non-mutual income.

2. Employees The Society did not employ any staff in the current or prior year.

3. Taxation

Analysis on charge in the year 2019 2018 £ £ In respect of the year:

UK Corporation Tax on interest received 38 2 38 2

4. Investments held as Fixed Assets (at cost)

2019 2018 £ £ Investments in subsidiary undertakings: Wrexham AFC Limited 1,057,508 1,031,274 WST Assets Ltd 54,588 54,588 1,112,096 1,085,862

The above investments are unlisted, and the company is incorporated in Great Britain and registered in England and Wales. The subsidiary, Wrexham AFC Limited, which is 100% owned (100% of ordinary share capital) by Wrexham Football Supporters’ Society Limited, is engaged as a professional football club. The subsidiary, WST Assets Limited, which is 100% owned (100% of ordinary share capital) by Wrexham Football Supporters’ Society Limited, is engaged as an owner of leasehold property.

- 12 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2019

The Board consider that the preparation of group accounts is inappropriate as the businesses of the Society and its subsidiaries are so different that they cannot reasonably be treated as a single undertaking. In addition, the Board consider that it would be confusing and misleading and would not add to the understanding of the accounts by the members.

5. Debtors 2019 2018 £ £

Wrexham AFC Limited 77,668 81,449 77,668 81,449 Wrexham AFC Limited is a related party transaction and includes membership subscriptions, yearbook sales and Christmas Raffle Monies received by Wrexham AFC Limited on behalf of the Trust.

6. Cash at bank and in hand 2019 2018 £ £

Scottish Widows 7-Day Notice Account 700 690 Co-operative Current Account 107,991 71,325 Co-operative Community Share Account 8,876 7,076 WST PayPal Account 19,232 15,075 Co-operative Loan Note 14 Day Account 46,981 46,037 Build The Budget PayPal Account 384 384 Cash in Hand 0 26 184,164 140,613

7. Creditors: Amounts falling due within one year

2019 2018 £ £

Accruals 4,020 2,000 Loan Notes 2005 5,300 5,300 HM Revenue & Customs (Corporation Tax) 38 2 9,358 7,302 8. Ordinary Share Capital

Shares of £1 each 2019 2018 £ £

Shares in issue at start of year 2,817 2,791 New shares issued during the year 388 452 Lapsed Memberships (503) (426) Shares in issue at the end of the year 2,702 2,817

- 13 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2019

The shares of the Society have the nominal value of £1 each and may not be transferred or withdrawn. No member may hold more than one share individually or jointly.

If a member ceases to be a member, the share registered in the name of that member is cancelled and the amount subscribed for the share becomes the property of the Society. Shares do not carry any right to interest, dividend, or bonus.

The members have the rights and powers available to them under the law relating to Industrial and Provident Societies and are to decide, in particular, the issues specifically reserved to them by the Society’s Rules.

9. Community Shares

Shares of £1 each 2019 2018 £ £

Shares in issue at start of year 178,055 175,362 New shares issued during the year 2,050 2,693 Shares withdrawn during the year (250) - Shares in issue at the end of the year 179,855 178,055

The Trust can issue Community Shares to its members in order to fund its business. Community Shares are not withdrawable except with written consent of the Trust. The Trust Board can pay interest up to a maximum of 2% above clearing bank base. Community Shares do not have any voting rights. The minimum subscription is £100 and no member can own more than £20,000 in Community Shares.

10. Reserves

2019 2018 £ £

Reserves at start of year 1,119,750 1,018,411 Surplus/(Deficit) for the year 62,263 101,339 Reserves at end of year 1,182,013 1,119,750

- 14 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 DECEMBER 2019

The following pages do not form part of the statutory financial statements which are subject of the independent auditor’s report on pages 8 and 9.

- 15 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 DECEMBER 2019

2019 2018 ANALYSIS OF INCOME £ £ Membership Subscriptions: Annual Membership Fee 34,309 36,643 Donations 38,920 40,407 Shares Redeemed 503 426 Unallocated Payments 0 0 73,732 77,476 Fundraising and Donation Income: Donations 851 1,891 Miscellaneous 315 131 General Fundraising (including events) 8,904 9,394 Player of the Season Awards 2,625 2,245 Raffles 0 231 12,695 13,892

General Fundraising - supplementary Information

Income 2019 Sportsman's Lunch £5,904 Murder Mystery Night £1,209 Ebay sales £741 Junior Dragons £210 Other £840 Total £8,904

- 16 - WREXHAM FOOTBALL SUPPORTERS’ SOCIETY LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 DECEMBER 2019

2019 2018 ANALYSIS OF EXPENDITURE £ £ Fundraising Expenditure: Christmas Draw 5,283 2,000 General Fundraising 7,500 2,346 Player of the Season awards 4,845 740 17,628 5,086 Administrative Costs: Donation 0 155 FCA Registration 0 975 Insurance 280 280 Lottery Licence 20 20 Banner and Table Cloth Set 0 500 Membership card and processing 1,711 326 Miscellaneous 115 848 Printing/Postage/Stationery 5,631 4,898 Supporters Direct Membership 0 300 DLO Expenditure (away travel, autism & training) 5,554 3,166 IT expenditure 127 127 Web site 84 84 13,522 11,679

Finance Costs: Ebay Selling Fees 58 230 PayPal charges 356 429 414 659

General Fundraising - supplementary Information

Expenditure 2019 Sportsman's Lunch £6,000 Murder Mystery Night £1,300 Other £200 Total £7,500

- 17 -