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Re: Club Accounts

Posted: Fri Jan 11, 2019 10:17 pm
by lo36789
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)

Re: Club Accounts

Posted: Sat Jan 12, 2019 3:27 pm
by ShotleyLodger
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!

Re: Club Accounts

Posted: Mon Jan 14, 2019 3:45 pm
by OnTheTerraces
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.

Re: Club Accounts

Posted: Mon Jan 14, 2019 4:47 pm
by LoidLucan
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.

Re: Club Accounts

Posted: Mon Jan 14, 2019 5:03 pm
by OnTheTerraces
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.

Re: Club Accounts

Posted: Mon Jan 14, 2019 5:17 pm
by super_les_mcjannet
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.