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[PukkaPieman]

On the Telford post the financial progress of the club was being discussed and various misconceptions and inaccuracies were occuring so I thought I would start a new thread and post some actual factual information taken directly out of the clubs accounts for the last 6 years, the latest accounts being published to shareholders today.

It should be noted that the current board inherited shareholder funds of (600K ) ie in debt ) and a short term lease of the ground.

Year    Turnover   Profit     Shareholder League       FA cup                           Other notable
ended      1000's   or loss    Funds         in for year   progress                         events
31 May        K             K              K
2011        553        (62)         (40)          BSP             Lost FAC 4Q Gateshead
2012        416           2.5        (37)          BSN            Lost FAC2Q Witton
2013        475         386         348           BSN            Lost FAC1 Replay Burton  Duncan Watmore sold
2014        507        (16)         332           BSN            Lost FAC2Q Trafford         CSH started being built
2015        587        (39)         292           NL               Lost FAC1 Blyth                CSH built
2016        675          27          319           NL              Lost FAC2 Colchester

The clubs assets have increased from approx 300K to around £1m today.
The club now has an 80 year lease on the ground.
The club has NO DEBT or directors loans.
The club has increased turnover to the highest level ever achieved.
These accounts do not include the CSH income/expenditure as this is a not for profit social enterprise. It is on budget.

Hopefully publishing these figures will correct various misconceptions.

Unlike Telford, and many other NL clubs AFC is financially very stable and living with its (increasing) means.

The benefits that the AFC board foresaw of building the CSH are now being realised in terms of future financial security and stability.

[wayno]

Thanks interested reading.  So turnover is increasing and we made a healthy profit the last financial year but sadly got relegated.

Does the club aim to break even each year or show a small profit ?

[wayno]

Also do we have any outstanding debts or loans ?

For example the profit made the last financial year is it used to pay them off or paid as dividends ?

[mikeford2005]

Never paid a dividend in at least 10 years. Every penny is reinvested.

[Mausoleum Alty]

So we made a 27k profit last year but didn't bring anyone in to try and keep the club in The National Division? Unbelievable!!

[mikeford2005]

This will be the clubs financial year, not a season.

[PukkaPieman]

Also do we have any outstanding debts or loans ?

For example the profit made the last financial year is it used to pay them off or paid as dividends ?

See below, NONE.

[PukkaPieman]

This will be the clubs financial year, not a season.

The year end is 31st May so it is basically a season.

[wayno]

Also do we have any outstanding debts or loans ?

For example the profit made the last financial year is it used to pay them off or paid as dividends ?

See below, NONE.

thanks

[PukkaPieman]

So we made a 27k profit last year but didn't bring anyone in to try and keep the club in The National Division? Unbelievable!!

Martin, you need to try and stop being so simplistic, when it comes to accounting periods and what happens on the field it isnt that simple.

[wayno]

It's healthy to see this information I think.

It does not change the fact however that we simply have to stay in this league and give Jim all he needs to facilitate this

[PukkaPieman]

Thanks interested reading.  So turnover is increasing and we made a healthy profit the last financial year but sadly got relegated.

Does the club aim to break even each year or show a small profit ?

The clubs policy has always been to break even and invest every penny it can in the playing staff, so the more we make from the CSH etc, the less money we pay out due to volunteers, the bigger the playing budget.

To put things in perspective , even the latest figures put AFC in the bottom 4 of the NL financially.

[Bath Alty]

and that very laudable policy is why all the talk of finding "investors" is complete nonsense - invest your money and we promise to spend all the profits on players and give you none of it back.  Never going to attract investors with a pitch like that are we - and a good thing too

[Mausoleum Alty]

So we made a 27k profit last year but didn't bring anyone in to try and keep the club in The National Division? Unbelievable!!

Martin, you need to try and stop being so simplistic, when it comes to accounting periods and what happens on the field it isnt that simple.

So Ian,we suffered an avoidable relegation,are now 7 points adrift in a regional league but everything's fantastic because we made a 27k profit? Great stuff.

[PukkaPieman]

So we made a 27k profit last year but didn't bring anyone in to try and keep the club in The National Division? Unbelievable!!

Martin, you need to try and stop being so simplistic, when it comes to accounting periods and what happens on the field it isnt that simple.

So Ian,we suffered an avoidable relegation,are now 7 points adrift in a regional league but everything's fantastic because we made a 27k profit? Great stuff.

No Blind bat, but everything's not bad either. We are where we are, get over it and look forward.
Are you always so damn negative?