CFU Trust Rules, Scope and Personnel
Cambridge Fans United was formed in the year 2000 as an Industrial and Provident Society (IPS).
An industrial and provident society is an organisation conducting an industry, business or trade, either as a co-operative or for the benefit of the community, and is registered under the Industrial and Provident Societies Act 1965. CFU has its own IPS registration number.
CFU's registration is held by the Financial Services Authority (FSA) although is not regulated by them because CFU is not authorised to conduct any financial services business.
What CFU is and is not allowed to do is encapsulated in a set of Rules which are filed, and these rules determine CFU's scope, boundaries, and the legal framework in which it can operate.
The rules can be changed should a proposal be put forward, provided changes are accepted by the members, and do not contravene the overriding aims and objectives of the Trust.
Unlike Limited Companies an IPS operates on the underlying principle that all members have an equal say and that each member holds an identical number of shares (i.e. one share per member) - so every voice is heard on equal terms.
In addition CFU is not allowed to pay any profit it makes or funds it holds to its shareholders, but must use it to further the aims of the IPS and with reference to the CFU Rules
Here is the current copy of the Trust Rules and Constitution which although wrapped up in some necessary "legal-ease" explains in detail how CFU must operate. If you have any queries or questions about the Rules, or CFU in general, then please feel free to complete a contact form, phone, or email the Fans Director. You can find the CFU contact details here.
Cambridge Fans United is registered as an Industrial Provident Society (No.29118R).
Any Trust Board member will be pleased to help or will be able to find someone who can.
An industrial and provident society is an organisation conducting an industry, business or trade, either as a co-operative or for the benefit of the community, and is registered under the Industrial and Provident Societies Act 1965. CFU has its own IPS registration number.
CFU's registration is held by the Financial Services Authority (FSA) although is not regulated by them because CFU is not authorised to conduct any financial services business.
What CFU is and is not allowed to do is encapsulated in a set of Rules which are filed, and these rules determine CFU's scope, boundaries, and the legal framework in which it can operate.
The rules can be changed should a proposal be put forward, provided changes are accepted by the members, and do not contravene the overriding aims and objectives of the Trust.
Unlike Limited Companies an IPS operates on the underlying principle that all members have an equal say and that each member holds an identical number of shares (i.e. one share per member) - so every voice is heard on equal terms.
In addition CFU is not allowed to pay any profit it makes or funds it holds to its shareholders, but must use it to further the aims of the IPS and with reference to the CFU Rules
Here is the current copy of the Trust Rules and Constitution which although wrapped up in some necessary "legal-ease" explains in detail how CFU must operate. If you have any queries or questions about the Rules, or CFU in general, then please feel free to complete a contact form, phone, or email the Fans Director. You can find the CFU contact details here.
Cambridge Fans United is registered as an Industrial Provident Society (No.29118R).
Any Trust Board member will be pleased to help or will be able to find someone who can.
Keeping the Rules Relevant and Up to Date
CFU continually review the Rules and the way it operates with Supporters Direct, an organisation funded to help Supporters set up Trusts. They help with developing the legal and practical framework under which Supporters Trusts can continue to operate. They have developed and maintain a "Model" set of Rules and Processes and have access to lawyers who help on all aspects of good governance.
Working closely with Supporters Direct helps established Trusts like CFU to benefit from Best Practice as seen across a large, and growing, number of Supporters Trusts formed over recent years.
Supporters Direct undertake a great deal of valuable "behind the scenes work" and the CFU Trust has fostered excellent relationships with them over the years. It's fair to say the we have learnt a lot from each other.
CFU were one of the "pioneer" Trusts and are proud to be held in high esteem by both Supporters Direct and other Trusts where numerous contacts and relationships have developed and continue to exist for our mutual benefit.
Further Information can be found at the Supporters Direct website here.
Working closely with Supporters Direct helps established Trusts like CFU to benefit from Best Practice as seen across a large, and growing, number of Supporters Trusts formed over recent years.
Supporters Direct undertake a great deal of valuable "behind the scenes work" and the CFU Trust has fostered excellent relationships with them over the years. It's fair to say the we have learnt a lot from each other.
CFU were one of the "pioneer" Trusts and are proud to be held in high esteem by both Supporters Direct and other Trusts where numerous contacts and relationships have developed and continue to exist for our mutual benefit.
Further Information can be found at the Supporters Direct website here.
The CFU Trust Board
The CFU Trust Board runs the day to day affairs for CFU and all those persons serving on the Trust Board are elected by the members at the CFU AGM. They have to stand for annual re-election on a rotating basis.
If vacancies occur, or if the Trust Board believe individuals have the skills and, as importantly, the enthusiasm to help then CFU members can be co-opted to join the Trust Board on a temporary basis until offering themselves for election at the next AGM.
The number of elected Trust Board members is usually between nine and fifteen members. You can meet the current Trust Board Members here.
The elected Fans Director serves on both the CUFC Board and the CFU Trust Board and has a legal duty as a Director to CUFC Ltd. You can see the roles and responsibilities of the Fans Director here
If vacancies occur, or if the Trust Board believe individuals have the skills and, as importantly, the enthusiasm to help then CFU members can be co-opted to join the Trust Board on a temporary basis until offering themselves for election at the next AGM.
The number of elected Trust Board members is usually between nine and fifteen members. You can meet the current Trust Board Members here.
The elected Fans Director serves on both the CUFC Board and the CFU Trust Board and has a legal duty as a Director to CUFC Ltd. You can see the roles and responsibilities of the Fans Director here
