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
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