[60s 70s Spireite]

Per Maguire again:
Burton Albion submit 23/24 accounts 🔑figures
⚽️Revenue £6.38m ⬆️4%
⚽️Wages £5.36m ⬆️11%
⚽️Wages £84 for every £100 revenue ⬆️£5
⚽️Underlying loss £1.70m ⬆️54%
⚽️Player sale profits £0.22m
⚽️Player purchases £0.31m
⚽️Squad cost £0.56m
⚽️Borrowings in year £1.5m
⚽️Total profit over the years £2.11m

[hewittfan]

60s 70s Spireite, on 31 March 2025 - 03:02 PM, said:

Our accounts filed at Companies House do not usually show the full P and L account- but the ones distributed to shareholders usually do. Hopefully it will be the same this time around.

I know, but the ones I received in the post this year (as a shareholder) were the same as those filed at Companies House, with no trading and profit and loss account, which has always been included previously since I became a shareholder.

[Johnnyspireite7]

hewittfan, on 31 March 2025 - 04:32 PM, said:

I know, but the ones I received in the post this year (as a shareholder) were the same as those filed at Companies House, with no trading and profit and loss account, which has always been included previously since I became a shareholder.

Isn't that what's on pages 10 & 11?

[60s 70s Spireite]

hewittfan, on 31 March 2025 - 04:32 PM, said:

I know, but the ones I received in the post this year (as a shareholder) were the same as those filed at Companies House, with no trading and profit and loss account, which has always been included previously since I became a shareholder.

Ok, thanks, not seen a copy, so didnt know that. Like you and Blue5, I would like to have seen the detail, but I dont think I have seen any other club publish such detail.

Johnnyspireite7, on 31 March 2025 - 04:38 PM, said:

Isn't that what's on pages 10 & 11?

No, that’s the summary not the detail.

[Town_Fan]

dim view, on 26 March 2025 - 09:34 PM, said:

The reports say that this season's record season ticket sales include the 500 reserved for the Trust. Do figures indicate whether the Trust pays for this block of tickets or is it a gift?

Or is this summat that has only started this season?

Hmmm, does it say who recieves the tickets, is it the same people etc? Do they get priority on away tickets?

A whole heap of questions immediately arise.

[dim view]

Town_Fan, on 01 April 2025 - 01:48 PM, said:

Hmmm, does it say who recieves the tickets, is it the same people etc? Do they get priority on away tickets?

A whole heap of questions immediately arise.

I think the general consensus is that it's a brilliant initiative but, yep, I'd like to know how it works. Does the club or the Trust take the hit?

[JonB]

Town_Fan, on 01 April 2025 - 01:48 PM, said:

Hmmm, does it say who recieves the tickets, is it the same people etc? Do they get priority on away tickets?

A whole heap of questions immediately arise.

Seem to remember seeing the trust paid for them but at a heavily discounted rate. They are then used for the schools offers and alike i think so its different people using the actual tickets each time. When my daughter was involved with the Community Trusts girls coaching thing via the FA Wildcats programme i was offered the chance to get a free ticket to a game for her and i could get one for a tenner. Would have been housed in the East Stand at the time as it was prior to the change of the away ends. Suspect its things like this they are used for. I think we do offers to local junior clubs as well and even to seat the kids in doing the pre game flag waving etc.

I doubt they are in anyway used for away tickets.

[dim view]

JonB, on 01 April 2025 - 03:01 PM, said:

Seem to remember seeing the trust paid for them but at a heavily discounted rate.

So the Trust distributes them as they think best, do the admin, and there's no effort needed by CFC other than a minimal bit of admin 'cos the ST's are presumably for the same seats. I'd be happy with that.

If the time arrives when bigger crowds mean seat positions have to be moved or even reduced for some matches then it's a bit more complicated.

COYB's

[Mr Mercury]

Huddersfield announce loses of £15m for year June 2024. Wow

[60s 70s Spireite]

Fleetwood Town lost (gulp) £9.3m in 23/24 taking total losses to over £40 million. Club is funded by parent loans

[hewittfan]

erniemossity, on 26 March 2025 - 09:49 AM, said:

I don’t profess to understand accounting, all seems a bit of smoke and mirrors to me, and this is in no way a criticism of the Kirks, but I thought I recall at the last AGM they were hoping to approach something close to break even for 23/24…..or was that 24/25?

They said at the AGM tonight that 24/25 to date is showing a significant improvement, but will still be a loss.

[hewittfan]

Blue5, on 30 March 2025 - 06:09 PM, said:

Evening,

Given resolution 1, other than to comply with the filing deadline any idea why the accounts have already been filed at CH prior to the AGM?

Kieran Maguire has often praised us for the level of detail in our accounts, therefore it’s disappointing that the detail relating to our overheads has been simplified compared with previous years. Given that our overheads increased by 29.5%, equivalent to £1.83M and wages accounted for £1.16M of that increase, it would have been nice to understand what the other £670K was spent on.

We are all having a good time, but the reality is that the club is being run in a manner which means that Phil Kirk is paying a lot of f’ing money for his season ticket every year.

The detailed trading and profit and loss account was available to shareholders at the AGM tonight. The other biggest expenditure increases within the £670K were:
- Exceptional items increased by £175K (this year’s exceptional item of £203K relates to the write-off of the balance with the Trust);
- Hotels, travel and subsistence increased by £135K (35%) to £390K;
- Legal and professional fees increased by £86K (79%) to £194K;
- Matchday expenses increased by £59K (18%) to £386K.

This post has been edited by hewittfan: 04 April 2025 - 07:52 PM

[Westbars Spireite]

60s 70s Spireite, on 02 April 2025 - 06:17 AM, said:

Fleetwood Town lost (gulp) £9.3m in 23/24 taking total losses to over £40 million. Club is funded by parent loans

That's an astonishing number.

[Search & Destroy]

Seems pretty obvious how we get to break even

10000 sell out every games and the players play for nothing, that would just about do it