annual accounts published

[al1]

just seen details of annual accounts for the club published on the Visitor web site,sorry do not know how to do a link!

[Seasider9601]

http://www.thevisitor.co.uk/news/latest ... -1-8728919

[al1]

thanks seasider

[Bare bum]

In depth, incisive article that - and I thought local journalism was dead and buried

[Christies Child]

Any reduction in the losses over a year compared with the previous figures are welcome and a credit to all those involved who have made it posssible.

Let's hope that with a new Commercial Manager now insitu that the monies from Corporate income will improve and be an influence in ensuring that the losses over coming seasons are reduced even further.

I sence a new air of optimism throughout the club which hopefully will ensure our clubs survival long into the future.

[RedRedWine]

Worth highlighting, even though the article does make it clear, that these financial results are for the period ending May 2016. This is before the ownership debacle and the non-payment of wages.... so Adam Wilde won't have any impact on the financial results for the period ending May-17 which are next to be published.

Interesting last paragraph 'RE PMG and the contingent liability.

[al1]

Can someone explain this 'contingent liability' in simple terms please?

[marky No.1]

If you read the definition of it, you will be even more confused

[Gone_Shrimping]

In very simple terms its a provision in the accounts for an event/expense that may or may not happen sometime in the future.

[KenH]

Any reduction in the losses over a year compared with the previous figures are welcome and a credit to all those involved who have made it posssible.

Two main reasons:-

Income up due to selling Jack Redshaw.
Wages down due to smaller squad.
Most other things look about the same.

[black morse]

Any reduction in the losses over a year compared with the previous figures are welcome and a credit to all those involved who have made it posssible.

Two main reasons:-

Income up due to selling Jack Redshaw.
Wages down due to smaller squad.
Most other things look about the same.

And the squad is up again this winter!

[P/T Indie]

Director pay of 40k well I don't think we have that expense anymore