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GTFC draft accounts 2016

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Southwark Mariner
October 27, 2016, 4:32pm
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Have the draft accounts been emailed to shareholders yet? I'm nosey and would like to see them if there's a pdf flying about. I see the AGM is end of November so thought they'd be available to browse. If not I guess I'll just have to be patient.


edit: they're out now

http://www.extra-gtfc.co.uk/accounts2/accounts2016/
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Ipswin
October 27, 2016, 4:43pm
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Haven't had my copy yet mate


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mimma
October 27, 2016, 5:21pm
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Haven't got my copy yet either
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Southwark Mariner
October 31, 2016, 11:28pm
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Nelly GTFC
October 31, 2016, 11:31pm
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Nearly a 60 grand profit.


Performance / Top Scorers / Assists / Discipline - Grimsby Town Statistics >> [url]https://www.espn.co.uk/football/team/squad/_/id/386/eng.grimsby[/url]
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puffin
November 1, 2016, 12:11am
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Page 4 of accounts reveals a big hike in charitable donations. Anyone know which charities are the beneficiaries?
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KingstonMariner
November 1, 2016, 12:37am
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>£4million in debt. Down slightly on last year.

Income last year was up £455k which was about 20% which is amazing. Match receipts + £180k, TV + £80k. Nearly +£200k on commercial income.

Extra employment costs swallowed up £300k of that. Part-time and match day staff numbers both down and full-time only up by 2 (Warrington plus?) so assume most of increase was on promotion bonuses.

Average attendance up from 3561 to 4345. We're currently averaging 5075 (League only) so a similar % increase on last year but at higher prices.


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ginnywings
November 1, 2016, 9:00am

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I don't profess to know much about accountancy and running a PLC, so i haven't had a look at it, but looking at Kingston's post 10 minutes after reading about Gareth Bales new contract brought home how staggering the gap is between the top and bottom of the game now. We made a £60,000 profit and he is being paid £600,000 per week. Just one player, in one week earns 10 times our annual profit.
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Cloudy
November 1, 2016, 9:04am
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Quoted from KingstonMariner
>£4million in debt. Down slightly on last year.

Income last year was up £455k which was about 20% which is amazing. Match receipts + £180k, TV + £80k. Nearly +£200k on commercial income.

Extra employment costs swallowed up £300k of that. Part-time and match day staff numbers both down and full-time only up by 2 (Warrington plus?) so assume most of increase was on promotion bonuses.

Average attendance up from 3561 to 4345. We're currently averaging 5075 (League only) so a similar % increase on last year but at higher prices.


I am definitely no accountant but with a profit of nearly £60k am I right in saying this in effect comes from an increase in purchase of shares by lee Mullen of £70k?

Also notice that the loans from Directors has reduced marginally by nearly £35k. Does this mean JSF has taken a reduction in his benign loan or does this relate to any other Director getting their money back????
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puffin
November 1, 2016, 9:04am
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Good summing up by KM.

Disappointing, though, that the accounts don't carry more detail.

Perhaps additional info  will be forthcoming at the shareholders' meeting later this month
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