Accounts

[Coolcat]

Seemingly happy to compare ourselves with clubs losing more money but nobody mentioning clubs who are not in that boat....?

The mighty Walsall, playing in the division below don't forget, have announced an annual turnover of £7.615m, which actually led to them returning into the black, only to the tune of 11k granted, but still a profit.

How about Exeter City? Turnover for the year was £5.844m, and proceeds from player sales was £1.39m, their costs were actually less than their turnover, and as a result they announced a profit for the year of over £300k.

Our accounts show our turnover is 700k less than Exeter (and nearly £2.5m less than Walsall) but our costs were over a million higher than Exeter whilst we too recorded a similar amount from player sales (£1.21m) as they did.

So, are our costs too high, or is our revenue too low? What were we missing out on if at the same time we are recording increased gates, a surge in season ticket revenue (a lot of which would have been banked before the June 30th accounts date) and the fact that the EFL cut in funding was only 100k or so, our turnover fell year on year?

I'm sure there is work going on behind the scenes to try and grow revenue in all areas, and its not just from the fans who turn up every other week. Have we tried to get anyone to take on the naming rights for the stadium since the demise of PTS for example?

It seems at the moment we are in a chicken and egg situation......we won't speculate and pay out money now for a return medium term, but we can't grow the revenue without speculating!

I hope to be pleasantly surprised but I can't see the wishlists being prepared from stakeholders in the Fans Advisory Board are going to amount to anything. I mean, even putting hot water taps in the toilets is a cost which will see nil return on a balance sheet, same goes for an awning/cover for the DJ or whatever.

This won't sit well with Melly and the can't speculate, can't accumulate, Duston is a liar crew!

[GrangeParkCobbler]

The Revenue figures shown in the financial statements for the year ended June 30th 2023 will only include sales of Season tickets applying to season 22/23.

I wouldn't be so sure on that as the balance sheet at 30th June lists "Cash at bank and in hand".... unless they have a way of not banking or at least accounting differently for revenue received in April, May and June in that financial year...it would have to be shown somewhere though!

[Winslow Lee]

What are we talking about in terms of speculate to accumulate?.

[Coolcat]

What are we walking about in terms of speculate to accumulate?.

Just again???

[CobblerForever]

I wouldn't be so sure on that as the balance sheet at 30th June lists "Cash at bank and in hand".... unless they have a way of not banking or at least accounting differently for revenue received in April, May and June in that financial year...it would have to be shown somewhere though!

The early sale of season tickets for season 23/24 (cash received before June 30th 2023) will be the most significant part of Deferred Income in Creditors falling due within one year in Note 8. I don't know how our owners manage the Clubs Bank account but it would make sense not to leave monies earning nothing in the bank when they could utilise it elsewhere via their loan account balances.

The accounting treatment will be in compliance with the accruals concept (matching costs with revenues in the period to which they apply).

[GrangeParkCobbler]

The early sale of season tickets for season 23/24 (cash received before June 30th 2023) will be the most significant part of Deferred Income in Creditors falling due within one year in Note 8. I don't know how our owners manage the Clubs Bank account but it would make sense not to leave monies earning nothing in the bank when they could utilise it elsewhere via their loan account balances.

The accounting treatment will be in compliance with the accruals concept (matching costs with revenues in the period to which they apply).

So if I understand that right and looking at this set of accounts, the £839k deferred in the 2022 accounts would be included in the 2023 accounts and the £1.139m deferred in this set will go into the next set etc etc..... therefore we are "technically" £300k better off than reported?!

[CobblerForever]

So if I understand that right and looking at this set of accounts, the £839k deferred in the 2022 accounts would be included in the 2023 accounts and the £1.139m deferred in this set will go into the next set etc etc..... therefore we are "technically" £300k better off than reported?!

The £839k deferred in the 2022 accounts showed up as revenue in the 2023 accounts and the £1.139 million will show up as Revenue in the 2024 accounts.

I wouldn't say we are better off than reported. I would say we were complying with the accruals concept - deferring taking the revenue until the year it is earned (the relevent year the advance season ticket sales games are played).

[Bingers]

I'm sure there is work going on behind the scenes to try and grow revenue in all areas, and its not just from the fans who turn up every other week. Have we tried to get anyone to take on the naming rights for the stadium since the demise of PTS for example?

How about The Hotel End stadium if we all chip in? I am in for a tenner. Twenty if push comes to shove.

Then a lottery for who gets the associated hospitality, like when we sponsored Leeroy

[Melbourne Cobbler]

This won't sit well with Melly and the can't speculate, can't accumulate, Duston is a liar crew!

Theres a reason why the reform bill is due to be passed before the end of parliament. Holding up these 2 examples to suggest there shouldn’t be a problem is taking the píss. It’s a fact that NTFC is financially outperforming the majority of the 72 clubs in the EFL, dry your eyes and get over it.

[Terryfenwickatemyhamster]

Fuçking Hell GPC, be careful you’ll have Tel and his gang after you as the infidel for thinking of criticising his holiness KT.

Firstly can I thank you for appointing me to the heady status of, leader of a gang. I very much doubt that I am seen by anyone on here as a leader (other than you of course) but I always take exception with anyone that uses Exeter City as a comparison to any club. Not just us. Exeter has an extensive pool (up to nearly 600 at times) of volunteers who emanate from their fan owned status, who occupy a variety of roles, all of which NTFC have to pay for.

Walsall… I will give you just one example of this not being a level playing field again. Their fùcking huge digital advertising screens that are viewed from the manic M6, now have  5,037 sq ft of LED panels, making it one of the biggest screens in the world and the largest in Europe. With two huge panels at a length of 213ft, it is almost as long as a Boeing 747. plus the advertisements on the large home end behind the goal, raise more than our entire advertising revenue, for the whole of our stadium annually, in a matter of months. These attract revenue year round. In addition to this they have significantly better conferencing and entertainment facilities, hugely assisting their overall revenue.

So… Two further poor comparisons. But.. In my defence, I argue this point the other way as well. So I don’t have a foot in either camp. I realise the pointlessness of comparing anything to something that is not directly  like for like comparable. Including those that we regularly out perform.

[DavCobb]

It'll be interesting if the playing budget remains the same. Hylton for example could save a couple of hundred grand a year.
With no 'Carney injection' on the horizon (maybe some deferred) we could end up £2m down current year. I don't see us making big bucks from any of the current squad.
I'll sure we'll get some noises close season if JB isn't happy with what he has to play with. We could certainly do with a cup run or two next season.

[Bingers]

Firstly can I thank you for appointing me to the heady status of, leader of a gang. I very much doubt that I am seen by anyone on here as a leader (other than you of course)

I think of you as our leader, the spiritual leader. The one to guide us through the maze of what is right and wrong, yes, that's it, the Influencer.


Colonel Deepcut is obviously the Enforcer. Nobody messes with him and gets away with it.


His Excellency is the absent Owner who we can whinge about if things aren't going well, but if there is any success, he'll be there to take the plaudits.

[Melbourne Cobbler]

Allow me an abbreviated answer. In the unlikely event that you find yourself in the finance business, imagine someone comes to you with a proposal. If they offer the exceptional rather than the typical or mean as a comparative in any justification, the only thing you need to concern yourself with is remembering to hand them their coat on the way out.

Love Melly (aka Lord Sugar).

[Worthless Recluse]

Allow me an abbreviated answer. In the unlikely event that you find yourself in the finance business, imagine someone comes to you with a proposal. If they offer the exceptional rather than the typical or mean as a comparative in any justification, the only thing you need to concern yourself with is remembering to hand them their coat on the way out.

Love Melly (aka Lord Sugar).

Without the exceptional there is no mean, no statistical analysis worth making, no banker evaluating yours or my proposal.
Hell without the exceptional we'd still be waiting for fire and wheels.
Break your own mould Melly, go nuts. Go saccharine.

[Melbourne Cobbler]

Without the exceptional there is no mean, no statistical analysis worth making, no banker evaluating yours or my proposal.
Hell without the exceptional we'd still be waiting for fire and wheels.
Break your own mould Melly, go nuts. Go saccharine.

It works for me mate.

[Manwork04]

Firstly can I thank you for appointing me to the heady status of, leader of a gang. I very much doubt that I am seen by anyone on here as a leader (other than you of course) but I always take exception with anyone that uses Exeter City as a comparison to any club. Not just us. Exeter has an extensive pool (up to nearly 600 at times) of volunteers who emanate from their fan owned status, who occupy a variety of roles, all of which NTFC have to pay for.

Walsall… I will give you just one example of this not being a level playing field again. Their fùcking huge digital advertising screens that are viewed from the manic M6, now have  5,037 sq ft of LED panels, making it one of the biggest screens in the world and the largest in Europe. With two huge panels at a length of 213ft, it is almost as long as a Boeing 747. plus the advertisements on the large home end behind the goal, raise more than our entire advertising revenue, for the whole of our stadium annually, in a matter of months. These attract revenue year round. In addition to this they have significantly better conferencing and entertainment facilities, hugely assisting their overall revenue.

So… Two further poor comparisons. But.. In my defence, I argue this point the other way as well. So I don’t have a foot in either camp. I realise the pointlessness of comparing anything to something that is not directly  like for like comparable. Including those that we regularly out perform.

You’ll always be a leader in my eyes Tel. 💙

[Bingers]

You’ll always be a leader in my eyes Tel. 💙

See Fenners, it's not just me who loves you, Manny does too. FACT.

[Terryfenwickatemyhamster]

See Fenners, it's not just me who loves you, Manny does too. FACT.

Well….. If it comes under the now famous “FACT” umbrella. I am truly honoured 

[Carton Lid]

What amazes me is that because KT says he's "Comfortable" with NTFC losing £1M per year everyone thinks its OK. Would he be so "Comfortable" if he didn't have the proceeds of the land deal to pay back the loans? When KT & DB decide to sell up, they will clear their loans and we are left with a business that is losing £1M per year.
   Melly says all clubs lose money, not true, as GPC has pointed out, what I can't get my head around is why we don't look at the clubs that don't lose money and try and be more like them.
     Do people really think we are maximising are matchday income? if not, why not ?. Let me use Wycombe as an example, first think they have electronic adds around 3 sides of the pitch for TV. OK they probably cost a few thousand to install but once you've bought them it's all profit. They must make money or Wycombe won't have installed them.
    This season we knew we would have, on average, over 1,000 away fans each game, do we do anything to get them to spend cash whilst they are at Sixfields? Before someone points out that there is nothing else at Wycombe can I also point out that when the coaches arrive at Sixfields someone from NTFC gets on board and "welcomes" them and points out where to buy tickets, the club shop and where to get food and drink, so it would be quite easy to point them in the direction of any bars run by NTFC.
    Carr's Bar is much too small, we have the decking outside which is fine in dry weather, I did suggest to NTFC about putting a retractable awning over this and was told that the roof support girders prevented this, I have a contact who works for an awning company, and he says that wouldn't be a problem. I went back with this to NTFC and was then told it would be "too expensive". I suggested they ask Carlsberg, or any other company, to sponsor it but I don't think they bothered, why not?
   

[Winslow Lee]

What amazes me is that because KT says he's "Comfortable" with NTFC losing £1M per year everyone thinks its OK. Would he be so "Comfortable" if he didn't have the proceeds of the land deal to pay back the loans? When KT & DB decide to sell up, they will clear their loans and we are left with a business that is losing £1M per year.
 

Massive reduction in the playing budget needed!