Wire 2013 Accounts : Mon Aug 11, 2014 8:24 pm
It doesn't seem that we had a great 2013 from a financial viewpoint. Our income (Turnover) fell from approx £6.77M in 2012 to £6.32M and despite a fall in costs we ended up with a gross profit that was £344K lower. I suspect that the majority of this income drop was gate money ( perhaps £200K ? ) due to the fall in attendances at the HJ. So to counteract the drop in income it looks as though Andy Gatcliffe has been busy cost cutting. We employed 12 fewer players in 2013 (59 in total), two less coaches and trainers, and 3 fewer admin staff. Our Admin expenses consequently fell by £220K, but this saving was wiped out by the cost of transfers (see Daryl Clark thread ) which amounted to a net £215K.
Our net profit for the year ended up as £18K, compared with £344K in 2012.
Here is an interesting question; I have not seen 'net transfers' in the accounts before, so does this mean the club are now expected to finance any future purchase of players ? We have after all heard about owners wanting their clubs to be 'self sustainable' and not be dependant on the owners goodwill. If that is the case, we might need to reign in some of our expectations about which players we would like to see at the club. It could mean that Simms and Clark will be the only big name players joining us next year (other than e.g. OOC free transfers / small purchases on promising youth etc).