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Post by tvor on Mar 30, 2020 14:28:47 GMT 1
www.shrewsburytown.com/news/2020/march/shareholders-accounts-released/www.shrewsburytown.com/siteassets/documents/1920/stfc-accounts-june-2019-at-report.pdfHeadlines.
The club made a profit in the year of £2.254m – compared to a £0.341m profit in the previous year. The increase in profit of £1.9m is due to the following movements: o Other operating income of £3.8m in the year (£nil in the prior year) o Offset by a decrease in turnover of £1.2m and an increase in costs of £0.7m.
- Other operating income of £3.8m relates to the “profit on sale of intangible assets”. For the club this means the profile on player sales. It should be noted that just because the sale of a player (or sell-on deal) has occurred in the year, that does not mean the club have received the cash for that deal in full yet. More detail on the accounting and cash flow implications of this is given below.
- The club continues to have no debt and held £2.7m cash in the bank at 30 June 2019 (June 2018 – £2.9m).
- The directors did not take a salary or dividend payments from the club consistent with prior years.
- The club was in a positive net assets position at 30th June 2019 of £17.2m – that is to say it had £17.2m more assets than liabilities at that date (June 2018 - £14.2m)
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Post by sheltonsalopian on Mar 30, 2020 14:59:58 GMT 1
Obviously good news but the thing that stands out to me is that without any big transfer fee's or sell on's we'd have been in the red. Makes you wonder what our accounts are like now considering no significant sales or anything happened in the summer.
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Post by El Huracán!!!! on Mar 30, 2020 15:03:43 GMT 1
We did spend a load of one off money on the training ground and the pitch....
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Post by scooter on Mar 30, 2020 15:21:25 GMT 1
Obviously good news but the thing that stands out to me is that without any big transfer fee's or sell on's we'd have been in the red. Makes you wonder what our accounts are like now considering no significant sales or anything happened in the summer. This is the same point I was going to make. Without that extra income we would have lost approx £1.5m, due to turnover decreasing and operating costs going up. Those costs would have included the sacking of Askey and recruitment of Ricketts, but not sure they would have included the Training Ground. Still a concern, but we are undoubtedly in a good position compared to most Next years accounts could be odd, if we are still playing this season after the end of the accounting period. Ant will have a lot more explanatory notes to write
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Post by Feedo Gnasher on Mar 30, 2020 15:25:53 GMT 1
A decrease in turnover of £1.2m is pretty substantial, we were less successful in the league and EFL trophy compared to the season before but had an FA Cup run. With turnover is 2017/18 or 2018/19 the norm?
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Post by staffordshrew on Mar 30, 2020 15:31:18 GMT 1
The accounts now?
Probably not good, but a lot better than most other clubs I would imagine.
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Post by RBA on Mar 30, 2020 19:40:28 GMT 1
Obviously good news but the thing that stands out to me is that without any big transfer fee's or sell on's we'd have been in the red. Makes you wonder what our accounts are like now considering no significant sales or anything happened in the summer. Its probably fair to point out that part of the clubs strategy since Hurst came here is to find talent develop it and sell it on but your point is still valid
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Post by SamHarvey on Mar 30, 2020 20:00:02 GMT 1
Would the cup run this season help the 2019/20 accounts?
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Post by GrizzlyShrew on Mar 30, 2020 20:10:49 GMT 1
Suprising absence so far of the 'Rolands lack of ambition is holding the club back' brigade...... 🤑
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Post by Deleted on Mar 30, 2020 21:09:55 GMT 1
Obviously good news but the thing that stands out to me is that without any big transfer fee's or sell on's we'd have been in the red. Makes you wonder what our accounts are like now considering no significant sales or anything happened in the summer. I did wonder that myself but were we willing to invest more because we knew we had the incoming transfer fees to cover the losses?
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Post by andygroundo on Mar 31, 2020 5:43:19 GMT 1
We did spend a load of one off money on the training ground and the pitch.... One off payment at the training ground for building and infrastructure that is it. The playing surface at the stadium and training ground should have a budget EVERY year for renovations and improvements.
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Post by salop27 on Mar 31, 2020 8:33:54 GMT 1
Suprising absence so far of the 'Rolands lack of ambition is holding the club back' brigade...... 🤑 All that's been holding the club back in the last two seasons is Roland and the CEOs poor choice of manager.
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Post by gainsparkshrew on Mar 31, 2020 9:40:31 GMT 1
Obviously good news but the thing that stands out to me is that without any big transfer fee's or sell on's we'd have been in the red. Makes you wonder what our accounts are like now considering no significant sales or anything happened in the summer. However to counter balance that I note that our "Trade Debtors" i.e money owed to us by other organisations, has increased from £376k to £2,658k, which is a £2.3 million increase Question is who owes us that money ?....please don't let it be Bury FC
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Post by Exkeeper on Mar 31, 2020 10:11:28 GMT 1
Suprising absence so far of the 'Rolands lack of ambition is holding the club back' brigade...... 🤑 All that's been holding the club back in the last two seasons is Roland and the CEOs poor choice of manager. 😖
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Post by frankwellshrews on Mar 31, 2020 10:16:28 GMT 1
We did spend a load of one off money on the training ground and the pitch.... Cap ex though, not sure how much of that will have been charged to profit and loss.
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Post by GrizzlyShrew on Mar 31, 2020 15:58:32 GMT 1
Suprising absence so far of the 'Rolands lack of ambition is holding the club back' brigade...... 🤑 All that's been holding the club back in the last two seasons is Roland and the CEOs poor choice of manager. If there was much truth on this im sure your post would have had a like or two by now. As it hasnt im sort of guessing you might not have too many supporting your view......
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Post by wakemanender on Mar 31, 2020 18:39:16 GMT 1
We are very lucky to have Roland, the CEO and more recently Paul Delves. The club is in very good hands.
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Post by GrizzlyShrew on Mar 31, 2020 19:47:09 GMT 1
We are very lucky to have Roland, the CEO and more recently Paul Delves. The club is in very good hands. One or two (thankfully only a very small number) think they hold us back...... Glad the majority see what a good job they do.
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Post by tvor on Apr 2, 2020 13:15:19 GMT 1
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