Club Accounts

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lo36789
Posts: 8221
Joined: Wed Apr 27, 2011 10:58 pm
Team Supported: Darlington
Location: Liverpool

Re: Club Accounts

Post by lo36789 » Fri Jan 11, 2019 10:17 pm

quakersfan wrote:Actually looking at the accounts again what is the massive rise in professional fees - are we paying for Jonathan Jowett’s legal advice, I can’t get my head around what it would be for as we apparently ditched Muckle’s in 2016.
I dunno whether there would be expense due to these things would fall under legal / professional fees;

- ground improvement
- contract stuff (losing one manager plus staff / hiring another)

ShotleyLodger
Posts: 3
Joined: Fri Jan 13, 2012 6:56 am
Team Supported: Darlington

Re: Club Accounts

Post by ShotleyLodger » Sat Jan 12, 2019 3:27 pm

quakersfan wrote:Actually looking at the accounts again what is the massive rise in professional fees - are we paying for Jonathan Jowett’s legal advice, I can’t get my head around what it would be for as we apparently ditched Muckle’s in 2016.
If only!

OnTheTerraces
Posts: 147
Joined: Sun Jan 13, 2019 2:57 pm
Team Supported: Darlington
Location: Darlington

Re: Club Accounts

Post by OnTheTerraces » Mon Jan 14, 2019 3:45 pm

I think legal and professional would include:

Accounting costs for doing year end accounts
Various legal advice around player contracts


I think it’s a good idea to put some sort of commentary together on the figures for members to understand the figures better.

LoidLucan
Posts: 3046
Joined: Sun Jul 19, 2009 11:29 am
Team Supported: Darlington

Re: Club Accounts

Post by LoidLucan » Mon Jan 14, 2019 4:47 pm

The accountancy fees are shown separately at £9,000 and the other item you've mentioned wouldn't explain the huge increase from one season to the next.

OnTheTerraces
Posts: 147
Joined: Sun Jan 13, 2019 2:57 pm
Team Supported: Darlington
Location: Darlington

Re: Club Accounts

Post by OnTheTerraces » Mon Jan 14, 2019 5:03 pm

Seems a big jump without those fees in, needs a narrative I think.

The playing costs are very high and a 80k loss is big, unsustainable in the long term.

super_les_mcjannet
Posts: 5533
Joined: Fri Jan 27, 2012 8:41 pm
Team Supported: Darlington

Re: Club Accounts

Post by super_les_mcjannet » Mon Jan 14, 2019 5:17 pm

OnTheTerraces wrote:Seems a big jump without those fees in, needs a narrative I think.

The playing costs are very high and a 80k loss is big, unsustainable in the long term.
The loss includes depreciation so not really as bad as it sounds, although yes it's not sustainable hence the challenges we have had this season.

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