wxgill
Vital 1st Team Regular
https://www.gillinghamfootballclub.com/news/2021/july/club-accounts---may-2020/
What do you make of that?
What do you make of that?
I’m happy to hear May 2021 figures are being worked on and will be ‘submitted in time’.https://www.gillinghamfootballclub.com/news/2021/july/club-accounts---may-2020/
What do you make of that?
Worth everyone remembering that only 1.5 months of those accounts were affected by covid.
If you mean our size, based on gates, it’s probably a bit lower than most.I haven't got time to look in detail but this stood out to me:
£2.6m spent on player and management salaries, wonder how that stacks up against other clubs of our size.
27.5% pay rise - year on year for the chairman. £168,000 to £214,345.
He also owes the club £5k27.5% pay rise - year on year for the chairman. £168,000 to £214,345.
If you mean our size, based on gates, it’s probably a bit lower than most.
However, if you mean our size as in this division, then it’s easily down there with the lowest.
Most of the ex big clubs triple or quadruple our players budget.
https://www.gillinghamfootballclub.com/news/2021/july/club-accounts---may-2020/
What do you make of that?
Now I am not a accountant nor have I looked as I am not sure I would get the correct information from them.But what in your opinion is wrong with the clubs accountant?If there were my accounts I would be looking for a new accountant
It won’t make pretty reading but ……. the ship’s still sailing, it’s a different ship with a new crew, it’s on a different journey but the destination is still the same. #pugwashIt's the 20-21 accounts that I'm waiting for (a long wait, I know!). Only then will we know the full impact of Covid.
It won’t make pretty reading but ……. the ship’s still sailing, it’s a different ship with a new crew, it’s on a different journey but the destination is still the same. #pugwash
Nearly right worm, but condition 2 is gross asset value, not balance sheet total.According to Companies Act 2006, as I understand it, "small companies" can submit abridged financial statements which don't have to be audited.
To be classed as small a company must meet two out of three conditions:
1. Turnover no more than GBP10.2m
2. Balance sheet total no more than GBP5.1m
3. No more than 50 employees.
GFC meets (I assume) the first two conditions.
Reading around a bit, it seems that quite a lot of lower league football clubs have gone down this route, which makes understanding football finances much trickier. At Championship level and above I'd expect turnover >GBP10m so you'll see full accounts. On the Companies House website you can download GFC accounts from the early 80s onwards. Up until May 2018 these are full accounts and full of interesting information. The last two years are abridged and less useful.