Governance
The Leicester City Supporters’ Society Ltd (Foxes Trust) is an independent, democratic Community Benefit Society. It operates under the aegis of the Co-operative and Community Benefit Societies Act 2014 and is regulated by the Financial Conduct Authority (FCA).
The elected Trust Board aims to be as transparent as possible to members, within the bounds of its Rules and Policies. On this page you will find documentation relating to such, plus Board meeting minutes, governance reviews and the objectives of its Subgroups.
Board meeting Minutes
Minutes of the Board meetings for the past 12 months. Note: some items are redacted for privacy and GDPR compliance.
The attendance record of Board Members can be found here.
Rules and Policies
There is a link below to pdf documents of the Society’s Rules and Policies. Note: these are due to be updated during 2026 to the latest versions approved by the FCA.
Governance Review
In 2025, following an announcement at the AGM, the Board undertook to arrange a review of its governance procedures, to be carried out by the Football Supporters’ Association (FSA). The findings of that review are in the audit report below.
Roles and Responsibilities
The Trust Board is made up of a Chair, Treasurer, Company Secretary and several board members. Roles and responsibilities can be found here.
Sub Group Objectives
The Trust Board forms subgroups to assist in the day-to-day operation of the Trust, without the need to seek full approval of the Board. The subgroups are:
- Communications – Strategic Plan 2026
- Community – Strategic Plan 2026
- Finance and Operations – Strategic Plan 2026
- Membership – Strategic Plan 2026
- Women’s Football – Strategic Plan 2026
Subgroups enable the Board to enlist the help of members who have skills or experience that could help run the Trust. If you are interested in volunteering, please contact us. You can find our current volunteer opportunities here.
Note: these objectives will be reviewed and updated each year following the AGM.
Foxes Trust Accounts
The Society financial year-end is 31st August. Under FCA regulation, we are required to submit accounts within six months of this year end. Each year, at the Annual General Meeting, members vote to approve the final accounts and to maintain an Independent Examination of such. The Society is not required to undertake a full audit of its accounts unlike some other corporate entities. The Foxes Trust is not a charity, and is permitted to make profits, which would be liable to UK taxation. However, under its Objects, the Trust aims to operate on a not-for-profit basis, with membership fees being used to fund its activities in representing the members interests.
Board Directors are not remunerated. A capital sum, created when its shares in LCFC were compulsory purchased by a previous owner, is held on account. These funds are reserved for the specific purpose of being able to purchase any future share options, or for legal expenses should these be required when dealing with any new ownership.
Board Elections
The Foxes Trust Board comprises a minimum of six, maximum of 12 directors (referred to as Board Members). Board members are elected for a three-year term of office. Each year, one-third of the Board Members are required to retire, on rotation, having served their three-year term. Nominations are sought from the membership, and where there are more candidates than positions available on the Board, an election is held.
Four positions were available in 2026, the results of the Board Election were as follows:
- Jack Munton 198 votes
- Andrew Smith 197 votes
- Steve Potter 186 votes
- Chris Rice 185 votes
- Ian Bason 142 votes
- Sarah Hubbard 131 votes
- Matthew Davis 123 votes
- Paul Weston 111 votes.
331 ballots were submitted, there were 534 eligible voters.
Jack Munton, Andrew Smith, Steve Potter and Chris Rice were elected to the Board.