Next Game: Farnborough at Home on Tuesday 17th October at 7.45pm

Saturday, November 19, 2016

First Full Year Profit Of £21K For Hereford FC


Hereford FC have revealed a profit of £21,000 for their first full year's trading.

The accounts cover the 12 months to May 31 2016.

The club had £418,000 in the bank at the end of the accounting year.

Whilst the profit looks small against a turnover of £1.014,000, there has been a lot of expenditure in the year and it reasonable to say that the ground is in a much better state than it was twelve months ago.

A few points from the accounts:

Income:

Ticket Sales (including Season Tickets) £505,000
Merchandise Sales £261,000
Sponsorship and Advertising £136,000
Prize Money £40,000
Share of Bar Profit £30,000
Programme Sales £30,000 

Expenditure:

Refurbishment and General Repairs  £296,000
Team and Management Costs £203,000
Merchandise Purchases £169,000
Staff Costs £75,000
Match Day Stewarding £42,000

The Balance Sheet shows Net Assets of £297,611. This figure takes into account that the club owed creditors £265,000 at the year end. They cover trade creditors of £144,000, NI and PAYE £27,000 and a figure, not explained, for other creditors of £93,000

The club has released a lot of information about the last year which can be read at:

http://www.herefordfc.co.uk/wp-content/uploads/2016/11/Notice-of-AGM.pdf

http://www.herefordfc.co.uk/wp-content/uploads/2016/11/Covering-letter-Chairmans-Report.pdf 

http://www.herefordfc.co.uk/wp-content/uploads/2016/11/AGM-Minutes-14dec15.pdf

http://www.herefordfc.co.uk/wp-content/uploads/2016/11/2016-final-accs.pdf

http://www.herefordfc.co.uk/wp-content/uploads/2016/11/Proxy-notice.pdf