javeajag Posted October 17, 2018 Report Share Posted October 17, 2018 (edited) Ok the AGM of the club has been called for next week.... summary account page below Edited October 17, 2018 by javeajag Quote Link to comment Share on other sites More sharing options...
allyo Posted October 17, 2018 Report Share Posted October 17, 2018 I don't really understand tax, but we're looking a bit Starbucks there. Do I have to boycott Thistle now? Quote Link to comment Share on other sites More sharing options...
Guest Posted October 17, 2018 Report Share Posted October 17, 2018 For a relegated club that looks healthy. Hopefully there will be money for wages in next window for the new mamager Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted October 17, 2018 Report Share Posted October 17, 2018 Does the Club receive the parachute payment after 31st May? Quote Link to comment Share on other sites More sharing options...
Derby Jag Posted October 17, 2018 Report Share Posted October 17, 2018 2 hours ago, lady-isobel-barnett said: Does the Club receive the parachute payment after 31st May? Did they not change it recently to be paid in chunks through the season to help with cashflow for clubs? I may be dreaming this of course Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted October 17, 2018 Report Share Posted October 17, 2018 As I understand it the prize money is split in to 3 payments. The first 2 payments are the same amount for each club are paid at the start of the season and in December. The final payment is then based on final league position and is paid in June so our prize money for finishing 11th plus the parachute payment would not be in these accounts. The transfer fee for Liam Lindsay should be in these figures as that was after the 31st of May 2017. Also we had 2 televised cup ties in this period as well. 1 1 Quote Link to comment Share on other sites More sharing options...
Lambies Lost Doo Posted October 17, 2018 Report Share Posted October 17, 2018 £300k profit? Good work. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted October 17, 2018 Report Share Posted October 17, 2018 6 hours ago, javeajag said: Ok the AGM of the club has been called for next week.... summary account page below Thanks for posting this. How do the Cash in bank & Creditors numbers look? Quote Link to comment Share on other sites More sharing options...
Big Col Posted October 17, 2018 Report Share Posted October 17, 2018 6 hours ago, allyo said: I don't really understand tax, but we're looking a bit Starbucks there. Do I have to boycott Thistle now? No mate - you’re okay. We’re totally within the rules. 1 Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 17, 2018 Report Share Posted October 17, 2018 8 hours ago, javeajag said: Ok the AGM of the club has been called for next week.... summary account page below For a club that is debt free, what is the interest payment of £19623? Thats not depreciation nor maintainance on the ground (That would be in administration expenses) Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 17, 2018 Author Report Share Posted October 17, 2018 2 hours ago, Fawlty Towers said: Thanks for posting this. How do the Cash in bank & Creditors numbers look? C£550k and c£624k avg playing and development squad salary £35k Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 17, 2018 Report Share Posted October 17, 2018 So, Archie made us a healthy profit...... and he got sacked? Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted October 18, 2018 Report Share Posted October 18, 2018 6 hours ago, Norgethistle said: For a club that is debt free, what is the interest payment of £19623? Thats not depreciation nor maintainance on the ground (That would be in administration expenses) Isn't this related to the Propco deal? Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 18, 2018 Report Share Posted October 18, 2018 1 hour ago, Garscube Road End said: Isn't this related to the Propco deal? I’m not sure, I believed it was a £50k payment we made every year to them, it’s not a loan as we sold the areas to them, not mortgaged it, this would then come under the administrative expenses Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted October 18, 2018 Report Share Posted October 18, 2018 8 hours ago, Norgethistle said: For a club that is debt free, what is the interest payment of £19623? Thats not depreciation nor maintainance on the ground (That would be in administration expenses) I had a look at last year's accounts and there is a figure for the same thing of approx £14,000 which is given in the notes as "Finance Cost". I am no accountant so not sure what that would be exactly. Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 18, 2018 Report Share Posted October 18, 2018 On paper a £340k profit on a £4.5 million turn over isn’t too bad, especially for a football club. The question is how much of that was the transfer fee for Lyndsay, if it’s £100k we’re still a profitable set up, but if it’s £400k or more then even being debt free since 2015 we’re still losing significant money. Noticing the turnover is up by £400k and attendances we’re roughly the same as previous years, I’d imagine his fee would be the £400k less difference in prize money (6th Vs 8th) and an extra old firm game Quote Link to comment Share on other sites More sharing options...
BowenBoys Posted October 18, 2018 Report Share Posted October 18, 2018 I'm amazed that you know what these figures mean. Hieroglyphics to me. 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 18, 2018 Author Report Share Posted October 18, 2018 2 hours ago, BowenBoys said: I'm amazed that you know what these figures mean. Hieroglyphics to me. not that complicated.... 1. turnover is the income the club received e.g. your salary 2. expenses is what the club spent e.g. your monthly/annual outgoings 3. operating profit the difference between 1 and 2 in our case a positive....profit 4. interest is interest from a bank account like you would have gets added to income 5. we have some finance costs so we take that away from the profit figure 6. that gives us our profit before tax e.g. your top line 7. tax is tax so that comes off profit 8. net profit e.g. what you can spend in the pub and a curry £342k 1 Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted October 18, 2018 Report Share Posted October 18, 2018 19 minutes ago, javeajag said: 8. net profit e.g. what you can spend in the pub and a curry £342k Does that include the £1 a week bonus ball money? Or is that entered in the investments column? 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted October 18, 2018 Author Report Share Posted October 18, 2018 It’s in the income line unless they have ballsed it up Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted October 18, 2018 Report Share Posted October 18, 2018 2 hours ago, javeajag said: not that complicated.... 1. turnover is the income the club received e.g. your salary 2. expenses is what the club spent e.g. your monthly/annual outgoings 3. operating profit the difference between 1 and 2 in our case a positive....profit 4. interest is interest from a bank account like you would have gets added to income 5. we have some finance costs so we take that away from the profit figure 6. that gives us our profit before tax e.g. your top line 7. tax is tax so that comes off profit 8. net profit e.g. what you can spend in the pub and a curry £342k That is one hell of a curry ! Quote Link to comment Share on other sites More sharing options...
Garscube Road End Posted October 18, 2018 Report Share Posted October 18, 2018 1 hour ago, Dick Dastardly said: That is one hell of a curry ! Worth every penny. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted October 18, 2018 Report Share Posted October 18, 2018 13 hours ago, Norgethistle said: On paper a £340k profit on a £4.5 million turn over isn’t too bad, especially for a football club. The question is how much of that was the transfer fee for Lyndsay, if it’s £100k we’re still a profitable set up, but if it’s £400k or more then even being debt free since 2015 we’re still losing significant money. Noticing the turnover is up by £400k and attendances we’re roughly the same as previous years, I’d imagine his fee would be the £400k less difference in prize money (6th Vs 8th) and an extra old firm game The figure generally given for Lindsay's transfer was £350k with a sell on clause of between 10 and 20 percent but it was never confirmed. Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 25, 2018 Report Share Posted October 25, 2018 These accounts will have the transfer for Lyndsay in plus the money we got last year for Celtic being in champions league ( Not today’s announcement but last years), removing the reliance on another teams success and being able to sell a player the figures then do not look too good, especially with top 6 money being in it as well. Still interested as to what we are paying interest on. Quote Link to comment Share on other sites More sharing options...
allyo Posted October 25, 2018 Report Share Posted October 25, 2018 We earned the money that we got from Celtic in the Champion League. Don't ask me how, its kinda complicated. But we did. Quote Link to comment Share on other sites More sharing options...
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