It had been anticipated that we would be writing to you this week with all the documentation for our Annual General Meeting (AGM) as required under our constitution. A key element of the AGM is to review the historic financial performance of the club and provide an outline of our finances over the coming year . We are not required to have a formal audit, but our Accountants, Hargreaves and Wood, provide members with an independent assessment of our statutory accounts for 2019/20 and comment on the club’s financial prospects for 2020/21.
As you all will be aware Football finds itself in very uncertain times at present with significant threat to the 2020/21 season given the ongoing impact of COVID-19. This has been further compounded following the recent decision by the Department of Culture, Media and Sport to retain our elite classification, preventing the admittance of spectators, and this has created significant uncertainty over the financial modelling for the coming year.
At present the Club is awaiting details of the financial support we understand that central government is prepared to provide to enable us to play our matches behind closed doors. Once we have these details we will be able to judge whether this is sufficient to cover the resulting funding shortfall (i.e. gate receipts, season tickets, hospitality, sponsorship, etc.). The Board and our Accountants feel that these things need to be finalised before we can effectively brief members about the financial position and our plans for the season ahead.
As a Board we believe that the financial sustainability of the Football Club Is a fundamental cornerstone of the AGM process and as such it would be inappropriate to hold the meeting until such a time the club and our accountants have the necessary details and can provide an informed narrative. As such the decision has been made to postpone the AGM meeting until Thursday 12th November at 19:30, which will be facilitated via the Zoom platform to comply with social distancing measures. The documentation for the AGM, including the financial report will be sent out at least two weeks in advance of the AGM.”
This Thursday night sees the City Fans United AGM take place at the Deva Stadium, kicking off at 7.30pm.
The meeting, which is for existing members only is being streamed via the Zoom app on Thursday night for members that cannot attend the meeting that will be hosted in the Blues Bar.
Before the meeting gets underway there will also be a presentation from Stuart Murphy as he updates on future plans relating to infrastructure developments. This will begin promptly at 7pm.
Those wishing to access the live stream need to email email@example.com by 6pm on Wednesday 20th November quoting their name and membership number in order for invites to be sent out in time.
Click here for more details on Zoom
Next Thursday night sees our City Fans United AGM take place at Chester FC.
The meeting, which will get underway at 7.30pm in the Blues Bar at the Deva Stadium will focus on the previous year at the club, and will refer to the financial reports sent out on November 1st, which were available to members on email via the link provided.
As it’s a members only meeting, you can still sign up or renew your membership via the link below.
Join or Renew CFU Membership here
We look forward to you joining us next Thursday night at the Deva!
Thursday 29th August will see the latest City Fans United meeting take place in the Blues Bar at the Deva Stadium.
The meeting which gets underway at 7.30pm on the night will be a formal meeting, and will be available to view on our Zoom channel, for members only. The Zoom app can be downloaded on phones or PC. Please email firstname.lastname@example.org by Wednesday 28th August if you wish to view the meeting, and a meeting request will be sent to your email.
It’s the final meeting before the scheduled AGM meeting and so will provide members with updates from the CFU directors on all portfolios.
We hope you are able to make the meeting on the Thursday and hope to announce some special guests in due course.
Doors open at 7pm and you can also pick up your CFU membership card if not collected already, and join or renew your membership on the night.
Remember you can join or renew online too, with the links below: