Accounts to 30/6/17

[wizardofos]

Just received the accounts for the year to 30th June 2017 today, ahead of tomorrow’s AGM. The challenge that the Board have is clear.

Some figures from the Profit and Loss account and balance sheet (good and bad) that got my attention were:

Year to 30th June 2017 (Year to 30th June 2016), all in ££

Profit and Loss account:
Turnover - 508,787 (350,056)
Gate and match day income – 294,753 (205,706)
Commercial and sponsorship - 66,300 (30,572)
Playing staff costs – 245,169 (176,755)
Other staff costs – 96,012 (72,068)
Match day costs – 81,873 (56,149)
Rent – 38,548 (18,547) **
Loss for year - 157,972 (174,975)

Balance sheet:
Property, plant and equipment - 375,327 (32,697)
Cash and cash equivalents – 35,424 (184,416)
Trade and other payables due in one year – 254,801 (138,474)
Net balance sheet position – minus 156,628 (minus 28,652)

** If 18,547 was the full year’s cost at HP, and 38,548 was half HP and half BM, it suggests that the BM rent is circa 60,000

[DarloDave40]

I’m sure I heard at previous forum rent was £34k per annum. The thing with AGMs is its all historic, I’m more bothered about what the position is now and for once I feel we are finally headed in a much better position.

[divas]

Think the rent situation could be to do with having to provisionally rent HP for the season due to not knowing when we’d actually get to BM

[spen666]

Massive balance sheet increase in property, plant and equipment.

Presumably that is in main part the value of stands at BM

[Darlo_Pete]

Match day costs seem to have jumped, probably because we need to bring in stewards, rather than have our own fans as stewards.

[Spyman]

Playing budget went up by 39% from Evostick to Conference North.
Good to see gate money increase by 43% and commercial sponsorship by over 100%.

[Darlopartisan]

Match day costs seem to have jumped, probably because we need to bring in stewards, rather than have our own fans as stewards.

We still have our own volunteer stewards(who do a great job), but these have to be supplemented by paid stewards simply because we don’t have enough of our own, if we could get more volunteers this would obviously cut down expenditure on match day costs.

[lo36789]

Other staff costs - 96,012 (72,068)

Playing staff costs - 245,169 (176,755)

Is other staff costs the MG entourage budget then?

The AGM will be interesting. It's a bit hard to judge as it is a half and half season with BM and HP but basically in the season we 'moved' home it cost us £46k extra (match day costs & rent increase) but brought in an extra £125k (gate receipts & commercial/sponsorship).

That is obviously simplifying it as clearly some of that uplift in revenues could have in part come from the extra £92,000 investment in the staff/playing budget. Also could be in part due to simply being in a higher division although I don't recall that attendances at HP were substantially greater in NLN than they were in the EvoStik?

[Spyman]

Is other staff costs the MG entourage budget then?

I thought it could be DJ's retainer - at least a portion of it.

I don't remember Gray bringing in any new coaching staff although it did turn out there were a number of roles flying a bit under the radar, such as the assistant junior kitman.

[divas]

DJ only came on board around June time so wouldn’t have anything in 16/17 accounts.