Fawlty Towers Posted October 13, 2012 Report Share Posted October 13, 2012 (edited) The latest set of accounts have been filed and to my, untrained, eye they look quite positive. Creditors falling due within one year - £851,020 (was £862,752). Cash at bank - £18,163 (was £1,534). Creditors falling due after more than one year - £214,798 (was £260,000). Creditors include an amount of £565,353 (2011 - £617,870) for which security has been given. They also include the following debts falling due in more than five years: 2012 - £54,798 2011 - £100,000 Debt coming down and more cash in the bank seem to indicate that the controls and plans in place are paying off. Edited October 13, 2012 by Fawlty Towers Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 13, 2012 Report Share Posted October 13, 2012 Quite positive, especially given our failure to make any money from any cup competition last year. And with crowds so far up on last year's, things are starting to look up. Quote Link to comment Share on other sites More sharing options...
manchesterjag Posted October 13, 2012 Report Share Posted October 13, 2012 Is there any chance of the full set of final accounts being made available? Quote Link to comment Share on other sites More sharing options...
Milo Posted October 14, 2012 Report Share Posted October 14, 2012 That's very encouraging; debt going down. I wish my personal finances were as good! Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted October 14, 2012 Report Share Posted October 14, 2012 Quite positive, especially given our failure to make any money from any cup competition last year. And with crowds so far up on last year's, things are starting to look up. I imagine unless attendances rise significantly, or there's some further untapped income stream discovered, we'll have a problem holding on to many of our players. Given that most are maturing and in my mind don't lack the pace or skill to go on to play at a higher level has that one downside. I don't know the answer as I'm strongly in favour of the Club playing within its means but at the same time I'd rather see us lose players to a fee like Harkins/Twaddle than see players walk away like Cairney/Tuffey. Regardless of how the team performs for the rest of the season I think we can all agree that we've a good few talented individuals in our squad. It would be a tremendous piece of business if somehow we could extend their contracts without reversing our current financial trend. Quote Link to comment Share on other sites More sharing options...
Steven H Posted October 14, 2012 Report Share Posted October 14, 2012 I imagine unless attendances rise significantly, or there's some further untapped income stream discovered, we'll have a problem holding on to many of our players. Given that most are maturing and in my mind don't lack the pace or skill to go on to play at a higher level has that one downside. I don't know the answer as I'm strongly in favour of the Club playing within its means but at the same time I'd rather see us lose players to a fee like Harkins/Twaddle than see players walk away like Cairney/Tuffey. Regardless of how the team performs for the rest of the season I think we can all agree that we've a good few talented individuals in our squad. It would be a tremendous piece of business if somehow we could extend their contracts without reversing our current financial trend. The only way to do that is to win the league, although a few of our more talented players are on two year deals. Doolan and erskine need their deals extended ASAP tho. Quote Link to comment Share on other sites More sharing options...
potty trained Posted October 14, 2012 Report Share Posted October 14, 2012 Is the boss not quoted as saying the 2 of them are expected to move to the SPL next season and the only way they will extend is if we get promoted? Quote Link to comment Share on other sites More sharing options...
jaggybunnet Posted October 14, 2012 Report Share Posted October 14, 2012 Is the boss not quoted as saying the 2 of them are expected to move to the SPL next season and the only way they will extend is if we get promoted? yes, he said he would keep trying but couldnt blame them for wanting to get better deals else where Quote Link to comment Share on other sites More sharing options...
Guest fredthecheesecloth Posted October 14, 2012 Report Share Posted October 14, 2012 What a lot of nonsense. Quote Link to comment Share on other sites More sharing options...
Dark Passenger Posted October 15, 2012 Report Share Posted October 15, 2012 P&L? Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted October 15, 2012 Author Report Share Posted October 15, 2012 P&L? There was nothing in the notes that said we had made a profit of ..... There were figures for the Profit & Loss Account: 2012: £1,292,038 2011: £1,279,352 Quote Link to comment Share on other sites More sharing options...
uberteeb Posted October 15, 2012 Report Share Posted October 15, 2012 Can't we just give Doolan and Erskine an EBT? Quote Link to comment Share on other sites More sharing options...
manchesterjag Posted October 15, 2012 Report Share Posted October 15, 2012 Is there any chance of the full set of final accounts being made available? What I said before Quote Link to comment Share on other sites More sharing options...
Guest fredthecheesecloth Posted October 16, 2012 Report Share Posted October 16, 2012 The latest set of accounts have been filed and to my, untrained, eye they look quite positive. Creditors falling due within one year - £851,020 (was £862,752). Cash at bank - £18,163 (was £1,534). Creditors falling due after more than one year - £214,798 (was £260,000). Creditors include an amount of £565,353 (2011 - £617,870) for which security has been given. They also include the following debts falling due in more than five years: 2012 - £54,798 2011 - £100,000 Debt coming down and more cash in the bank seem to indicate that the controls and plans in place are paying off. I don't like that analysis. A set of accounts is essentially a mixing pot, swirled around every so often and no doubt carefully managed. Why the excitement to see a profit and loss? Presumably it will be abbreviated accounts at companies house. No obligation to file and no need to disclose. The reserves movement will tell you what profit we made, I don't think we need to see the split between cost of sales and admin do we? Quote Link to comment Share on other sites More sharing options...
manchesterjag Posted October 16, 2012 Report Share Posted October 16, 2012 I don't like that analysis. A set of accounts is essentially a mixing pot, swirled around every so often and no doubt carefully managed. Why the excitement to see a profit and loss? Presumably it will be abbreviated accounts at companies house. No obligation to file and no need to disclose. The reserves movement will tell you what profit we made, I don't think we need to see the split between cost of sales and admin do we? I am just interested to see the published accounts inc Balance Sheet and Profit and loss account. What is wrong with that? Quote Link to comment Share on other sites More sharing options...
Hopeless Unbeliever Posted October 16, 2012 Report Share Posted October 16, 2012 I don't like that analysis. A set of accounts is essentially a mixing pot, swirled around every so often and no doubt carefully managed. Why the excitement to see a profit and loss? Presumably it will be abbreviated accounts at companies house. No obligation to file and no need to disclose. The reserves movement will tell you what profit we made, I don't think we need to see the split between cost of sales and admin do we? Might be interesting to see if income side breaks down how much we received from SRU. Quote Link to comment Share on other sites More sharing options...
manchesterjag Posted October 16, 2012 Report Share Posted October 16, 2012 Might be interesting to see if income side breaks down how much we received from SRU. Good point Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 16, 2012 Report Share Posted October 16, 2012 Might be interesting to see if income side breaks down how much we received from SRU. And how much it's offset by hiring out to the young tims. Quote Link to comment Share on other sites More sharing options...
G SUS Posted October 16, 2012 Report Share Posted October 16, 2012 And how much it's offset by hiring out to the young tims. That won't be included in those accounts. Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 16, 2012 Report Share Posted October 16, 2012 That won't be included in those accounts. Ah, correct. Am I right in thinking that the AGM is on Thursday? Anybody going? Quote Link to comment Share on other sites More sharing options...
ian_mac Posted October 17, 2012 Report Share Posted October 17, 2012 Still tough times at the club, no doubt about it. We have stopped haemorrhaging money, most importantly. However, repairing the damage done by the likes of Tom Hughes and Brown McMaster will probably take decades to sort out, whether we get promoted this season or not. Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 17, 2012 Report Share Posted October 17, 2012 Still tough times at the club, no doubt about it. We have stopped haemorrhaging money, most importantly. However, repairing the damage done by the likes of Tom Hughes and Brown McMaster will probably take decades to sort out, whether we get promoted this season or not. Bit of a shame that a couple of chances to get a game against the defunct h u n s have already disappeared for this season. Quote Link to comment Share on other sites More sharing options...
ian_mac Posted October 17, 2012 Report Share Posted October 17, 2012 Bit of a shame that a couple of chances to get a game against the defunct h u n s have already disappeared for this season. Out of our control though, and we would have been daft to bank on a game with them anyway. From a football point of view, I'm sure we ALL wanted a shot at them, I think we could have given them a real doing. but they would have had to get past lesser teams and earn the right to play against us, they couldn't do that. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted October 17, 2012 Report Share Posted October 17, 2012 I don't like that analysis. A set of accounts is essentially a mixing pot, swirled around every so often and no doubt carefully managed. Why the excitement to see a profit and loss? Presumably it will be abbreviated accounts at companies house. No obligation to file and no need to disclose. The reserves movement will tell you what profit we made, I don't think we need to see the split between cost of sales and admin do we? Fred cutting to the chase Trading Profit circa £12K up from £8K last year so we are trading in the black (just) clearer ? Quote Link to comment Share on other sites More sharing options...
Jaggernaut Posted October 17, 2012 Report Share Posted October 17, 2012 Out of our control though, and we would have been daft to bank on a game with them anyway. From a football point of view, I'm sure we ALL wanted a shot at them, I think we could have given them a real doing. but they would have had to get past lesser teams and earn the right to play against us, they couldn't do that. Yes, that definitely softens the blow! Quote Link to comment Share on other sites More sharing options...
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