Dons Trust - Structure
This is a description of what the DT Board currently does and what is done by its subsidiaries and the operational activities that are directly supervised by the DTB. It does not deal with support activities such as secretarial; communications; legal and constitutional; membership; volunteers; finance, etc.
What does the DTB do?
Sets and/or agrees strategy. For example, the DTB has:
The DTB has traditionally met on the second Monday of each month for about 3 hours but, in that time, it has not been able to address all the matters that need attention and so in 2004 there were about 6 additional meetings, including preparing for SGMs.
What is the structure of the Dons Trust ?Group??
What do the subsidiaries do?
The PLC was created as the company in which shares would be offered for sale. At 1 February 2005, it had about 2,000 shareholders of whom fewer than half (864) were also DT members.
Its board comprises the 3 executive directors Ivor Heller Erik Samuelson (who are also directors of AFC Wimbledon Limited and AFCW Stadium Limited) and Nigel Higgs (who is also a director of AFC Wimbledon Limited) plus the following non-executive directors:
Following the governance review in 2006, the PLC board meets irregularly and as required. It receives reports on key areas of the business and detailed quarterly financial reports. It reviews progress against plans, its non-execs are responsible for appraising the chief executive, and it offers advice and guidance on business decisions.
To download the "Roles and responsibilities of AFCW plc" as a PDF file click here (48kb)
To download the "Roles of the Dons Trust-appointed plc non-executive board members" as a PDF file click here (40kb)
To download the "Roles of the non-executive directors" as a PDF file click here (44kb)
Adobe Acrobat 4.0 or higher version is need to view these .pdf documents. Download the latest version here.
AFCW PLC owns 100% of AFC Wimbledon Limited and AFCW Stadium Limited.
AFC Wimbledon Limited
This company is basically the day-to-day operating company and includes the football club, the bar, merchandise, functions, youth and community etc. The directors are Ivor Heller, Erik Samuelson and Nigel Higgs and the secretary is David Charles. The management committee meets about 3 weeks out of 4. Its formal board meetings are mainly to carry out business that requires a board minute or for events such as its agm.
The directors prepare an annual budget and plan (which incorporates the relatively minor activities of the PLC and AFCW Stadium) and monitor their progress against this plan. This is then reported to the PLC board as explained above.
The directors have laid-down limits on cheque-signing and spending on capital expenditure outside the agreed budget. Variances from these limits require approval by the PLC board.
AFCW Stadium Limited
This company owns the stadium and owes the debt for that stadium. Its only income is from AFC Wimbledon Limited for the use of the stadium (the football club doesn?t own the lease, so there is a league requirement that it should have a legal agreement setting out its right to play at Kingsmeadow) and also Kingstonian Football Club for its use of the stadium.
Issues affecting AFCW Stadium are dealt with at the AFC Wimbledon Limited management meetings and its board meets formally only for events such as its agm.
AFC Wimbledon Ladies Limited
This company is about to be formed as a means whereby the DT can take ownership of the Ladies? football teams.