How is the Trust governed?
Supporters Direct requires that Trusts be registered as an Industrial and Provident Society (IPS) with the Financial Services Authority (FSA). As such all its actions and conduct will be regulated by the provisions of the Industrial and Provident Societies Acts, 19651978. Because it is registered as an IPS with the FSA, there are certain requirements that the Trust has to meet, and other things that it cannot do. In particular, the FSA will not register an amendment to the Rules which is not in accordance with the democratic and community benefit principles established in the Trusts constitution. The Trust has to file annual reports to the Registrar. It has to appoint qualified auditors, and audited accounts have to be presented to the Trusts AGM and to the Registrar. Supporters Trusts should also be committed to producing financial reports to every meeting of the Trust. The Trust’s ‘model rules’ How many other Clubs have established a Supporters Trust? There are currently 134 football
