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Accounts

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MuddyWaters
November 8, 2018, 1:05pm
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Quoted from Cloudy
Reduction in directors loans by £200k. Not disclosed if this is a reduction in JF's support or say, repayment to Mr & Mrs Mullen?

Made a loss on £33k on 'player trading' compared with £826k profit the orevious year.

JF's shareholding = £975k


I think it's unlikely to involve the Mullens as they left the club in Jan 2017
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Cloudy
November 8, 2018, 1:22pm
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Quoted from MuddyWaters


I think it's unlikely to involve the Mullens as they left the club in Jan 2017


They did but there is an agreement that Directors cannot be repaid any loan monies unless 'the club can afford to do so'.

Whether or not the club could afford to do so (then or now) is not something I would be able to judge but the whole matter may be subject to legal recourse anyway
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friskneymariner
November 8, 2018, 2:20pm

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As the accounts include the bank balance at 31st May 2018 I assume the payoff to Slade,but not the Dembele money is accounted for.Basically figures are meaningless without some narrative.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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barralad
November 8, 2018, 2:32pm
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Quoted from friskneymariner
As the accounts include the bank balance at 31st May 2018 I assume the payoff to Slade,but not the Dembele money is accounted for.Basically figures are meaningless without some narrative.


Dembele didnt leave until well into the close season so I expect to see the money for him feature next year.


The aim of argument or discussion should not be victory but progress.

Joseph Joubert.
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Cloudy
November 8, 2018, 2:41pm
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Quoted from barralad


Dembele didnt leave until well into the close season so I expect to see the money for him feature next year.


£100k? Probably gone on wages/signing on fees for the summer signings
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friskneymariner
November 8, 2018, 2:41pm

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Thats my point Barra if the accounts ran from July to July it would have probably showed a profit.


Give a man a fish and you feed him for a day,teach a man to fish and you give him an excuse for him to escape from the wife and kids for the weekend and drink lots of beer.
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golfer
November 8, 2018, 3:23pm
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Quoted from MuddyWaters


Perhaps someone in officialdom might care to clarify (not that I'm doubting you) but, if ever a set of accounts came out looking more stale than this lot then I haven't seen them.

Mr Marley doesn't do the accountancy - it's done by Weaver Wroot.


Is that the same thing Codger  ?
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MuddyWaters
November 8, 2018, 3:33pm
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Quoted from golfer


Is that the same thing Codger  ?


Mr Marley is only a consultant at Weaver Wroot & any involvement with the auditing process would be a conflict of interest with his directorship of GTFC
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golfer
November 8, 2018, 5:11pm
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Mr Chapman got 80/1 winner at Market Rasen today-maybe going to put more in the kitty.
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H19P1
November 8, 2018, 5:38pm
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A huge FA cup run would be great to boost the accounts 🙂
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