GTFC draft accounts 2016

Quoted from wigworld

So, if we hadn't had the extra income from the Mullens shares and Operation Promotion, would we have we made a loss?

Share sales wouldn't count as income. Would go on the balance sheet not the profit and loss. Increase in called up share capital was about £100k.

Not sure about how the OP money would be treated in the accounts. Suspect that's also balance sheet. Player registrations are considered intangible fixed assets - there was an increase of £33k 'amortised' by £11k a year (the notes say this is in equal instalments over the life of the player's contract, so given that's 3 years I assume we paid £33k for Omar). Though what's happened to the other £77k is anyone's guess. There's an increase of 'cash at bank/in hand' of a similar number but that might be coincidence. I don't think it's shown in income because that increase seems to relate to increases in TV, commercial income and the rise in gate money looks proportional to the increased attendance.

Maybe someone can help us get our facts right.

Quoted from The Yard Dog

Walsall recorded a profit for the eleventh successive season, that's why its so important we have a new stadium to generate income from other sources than just match days.

It all depends on who owns the ground and how non-ticket revenue is allocated. My local club don't own the lease to their ground and non-matchday income goes to their landlord.

But where DID the OP money go. Have we been told and I've missed it or am I just thick or naive ?. It would be nice to be told officially eg £50K Bogle, £20 Straker, £5 hot dog sellers birthday party etc. We are not all accountants.

Quoted from golfer

But where DID the OP money go. Have we been told and I've missed it or am I just thick or naive ?. It would be nice to be told officially eg £50K Bogle, £20 Straker, £5 hot dog sellers birthday party etc. We are not all accountants.

We have been over this countless times but most of us happily gave that money to secure Promotion and handed it over trusting the Club to use the money wisely and never wanted a detailed statement of every last penny.Mission accomplished regarding OP why cant you start a debate on something meaningful like flask access FFS

Quoted from 1mickylyons

We have been over this countless times but most of us happily gave that money to secure Promotion and handed it over trusting the Club to use the money wisely and never wanted a detailed statement of every last penny.Mission accomplished regarding OP why cant you start a debate on something meaningful like flask access FFS

You are awful    But if we hadn't been to Wembley twice, had an  increase in gate money, increase in tv revenue , increase in commercial sales plus OP money we would have been truly in the shite The promotion bonus must have been a bloody good one, yet we couldn't keep our manager, and major players who contributed enormously. You don't have to be nasty you nasty man  

I would imagine that the OP money just went into the playing budget. So maybe it allowed us to sign a couple of extra players for the squad, or the fee for Bogle and one extra player etc. We may have failed to get promoted with the extra money or still got promoted without it, who knows? Thing is, we gave it and we can say that it played a part in us getting back into the league, whether it actually did or not.

Quoted from ginnywings

I would imagine that the OP money just went into the playing budget. So maybe it allowed us to sign a couple of extra players for the squad, or the fee for Bogle and one extra player etc. We may have failed to get promoted with the extra money or still got promoted without it, who knows? Thing is, we gave it and we can say that it played a part in us getting back into the league, whether it actually did or not.

Thank you Ginny

Quoted from 1mickylyons

We have been over this countless times but most of us happily gave that money to secure Promotion and handed it over trusting the Club to use the money wisely and never wanted a detailed statement of every last penny.Mission accomplished regarding OP why cant you start a debate on something meaningful like flask access FFS

It's been reported for over a year now, but a summary can be found here:

http://www.marinerstrust.co.uk/home/operation-promotion/

The quote below from Stephen Marley worries me. Sounds like we expected to break even and ended up with a profit of £60,000. I would expect Bob Marley to have a better grasp of our finances than that.

"Appearing at Wembley isn't quite as lucrative as it would appear from the outside, so when we first sat down and talked about it, we expected to about break even this year, so we're happy enough to have actually turned a small profit."

I'm no accountant but you'd hope our profits would increase again next year, crowds up by over 10% again, season ticket sales up by nearly 20% with an increased price, you'd therefore imagaine an increase in promotion based paraphernalia sales.