Summary of the FSSB Board Meeting - Wednesday 28th May 2025
The FSSB Board met on the 28th May 2025 with all Board members in attendance
Points of discussion included the following:
Conflict of Interest - No changes were reported by Board members
Auditing Services – The Finance Director carried out a value for money assessment on the cost of auditing annual accounts. The Board reviewed four quotes from local accountancy firms and approved the appointment of Horsfield & Smith Chartered Accountants to undertake the 2025 audit. This delivered a substantial saving.
Election for Vacant FSA Network Rep – It was reported that Neil Le Milliere (Exeter City) was voted in for the vacant FSA Network post.
FSSB Anti-Bullying Policy – The Board adopted the policy with a view to reviewing it in 12 months’ time.
FCA Letter Regarding FSSB Website - The Board heard that the FCA wrote to FSSB regarding its website and requested that it be amended. The website stated that the FSSB was ‘authorised’ by the FCA when in fact it is ‘registered.’ The website was immediately amended as required.
FSA Governance Audit – The Board learned that the FSA is undertaking a governance audit in advance of changing some of the rules for Societies. The Secretary submitted a questionnaire to the FSA in relation to this.
2025 AGM Date - The Board agreed to the 18th Dec 25 for the forthcoming AGM,
Benefactors - The Secretary asked the Board for their reflections following the meeting with the Benefactors on the 14th May 25. The Board considered it was a productive meeting and a positive step forward. As a result, additional meetings have now been scheduled for The Bury Football Club Company Ltd Board for the rest of this year.
Commercial Update - The Board received an update on sponsorship renewals and opportunities currently in the pipeline. The Board discussed the option of smaller match day sponsorships for forthcoming friendlies.
Match Day Security Services- The Board discussed match day security services and agreed new processes to improve performance management .
Finance – The Board received an update on finances. April 2025 figures were not finalised at that point but an overall profit was forecasted. The Board heard that the Finance Director is looking to recruit more members for the Finance & Audit Committee.
Playing Budget – The Board agreed to meet early June 2025 to sign-off the playing budget for next season.
The Lee Rigby Foundation Charity Match June 2026 – The Board discussed a proposal to hold a charity match in support of The Lee Rigby Foundation in June 2026. It was agreed to set a provisional date for the event but it would require the setting up of a committee and be fully costed and signed off by the Board before final approval.