Rovers accounts

[albie]

Accounts up to June 2018 have now gone up on Companies House:
https://beta.companieshouse.gov.uk/company/03739676/filing-history

Less detail than in earlier statements.

[Bristol Red Rover]

£2.8M extra liabilities. ie double what it was the previous year.

[big fat yorkshire pudding]

£2.8M extra liabilities. ie double what it was the previous year.

So the loss was about the same then...  the notes state it being owed to club Doncaster.

[RedJ]

inb4 amateur accountants interpreting the information wrong

[Bristol Red Rover]

inb4 amateur accountants interpreting the information wrong

So in normal people speak, are we richer or poorer?

[albie]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

[silent majority]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

[silent majority]

I think we could contrast our accounts with those of our neighbours at Scunthorpe. They managed to lose £83k a week last year, a total of £4.3m for the year.

[Draytonian III]

£83k per week !!!!!!!!!

[NickDRFC]

Just had a quick glance and looks to me like we made an accounting loss of almost £2.8m last year - £53.5k a week. Not on the same level of Scunthorpe but not a million miles away. Big cost for the mediocrity that was served up!

[RedJ]

inb4 amateur accountants interpreting the information wrong

So in normal people speak, are we richer or poorer?

dunno tbh, don't currently have a working computer at home and can't be f**ked trying to compare on my phone 😂

[Lifelong supporter]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

We?

[albie]

SM,

Really surprised by your reply.

Great that the VSC discuss the accounts with the club, and report back, but in no way is that a substitute for publishing the full data.

The reason that a more complete set of accounts is needed is to enable like for like comparison with other clubs who do publish this detail.

You give a figure for losses at Scunny alongside those of DRFC, but that does not explain how those losses were incurred at either club.
As such, it is not a helpful comparison. You might be mixing apples with oranges.

Choosing not to explain profit and loss does not allow fans to see how the business is improving or deteriorating in specific areas of activity.

Anyway, in the meantime here is some explanation from Kieran Maguire:
https://twitter.com/KieranMaguire

Sunlight is always the best disinfectant!

[5minstogo]

At least we're not Bradford!

[since-1969]

It’s not important that we know anything , only that we have a board who gives a sh**. Long may it continue. 🤫

[silent majority]

SM,

Really surprised by your reply.

Great that the VSC discuss the accounts with the club, and report back, but in no way is that a substitute for publishing the full data.

The reason that a more complete set of accounts is needed is to enable like for like comparison with other clubs who do publish this detail.

You give a figure for losses at Scunny alongside those of DRFC, but that does not explain how those losses were incurred at either club.
As such, it is not a helpful comparison. You might be mixing apples with oranges.

Choosing not to explain profit and loss does not allow fans to see how the business is improving or deteriorating in specific areas of activity.

Anyway, in the meantime here is some explanation from Kieran Maguire:
https://twitter.com/KieranMaguire

Sunlight is always the best disinfectant!

Albie,

We get to see the full accounts, and ask questions around and on any aspect of that we wish. In my reply I didn't pretend to be offering a detailed comparison between either club but what I do know is that we as a trust can sit with the club and discuss the detail and then publish a response like we always do, yet I know that Scunthorpe trust don't have that luxury. To correct me on explaining the detail about our losses is disingenuous as we haven't yet sat and discussed this with the club like we normally do, you could at least have some patience and allow us to do that.

Strange that you should quote Kieran as a source, him being a personal friend and all!

PS. It's easy to see where Scunthorpe's money has gone, they've spent it all on players wages, when salaries are 150% of turnover it doesn't take much working out.

[silent majority]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

We?

Yep! You struggling with that Dave?

[NickDRFC]

SM - given you’ve yet to go through the accounts with the club will there be any opportunity to ask questions on behalf of the fans and feedback on here?

[silent majority]

SM - given you’ve yet to go through the accounts with the club will there be any opportunity to ask questions on behalf of the fans and feedback on here?

Yep, absolutely.

[deebee]

Great, Can you ask them how much the car boot makes each year? thanks.

[Filo]

Great, Can you ask them how much the car boot makes each year? thanks.

Strange question

[IDM]

I can accept we have good owners and the club as a business is being run prudently..

As a supporter, that’s all I need to know..

[silent majority]

I can accept we have good owners and the club as a business is being run prudently..

As a supporter, that’s all I need to know..

Yep, I'd agree with that. However as a supporters trust it falls upon us to carry out due diligence into the ownership and financial health of the club on an ongoing basis.

As part of the MOU that we signed up to some months ago it's clearly laid out that both parties will engage to ensure that happens.

There is certainly no conspiracies or secretive arrangements in place to keep DRFC supporters in the dark over these things.

[northern soul]

I can accept we have good owners and the club as a business is being run prudently..

As a supporter, that’s all I need to know..

This is one of the most sensible posts I've ever seen on here.

There is also the checks and balances provided, alongside the additional information and and assistance provided by SM.

Sometimes it's just nice to see in black and white. :-)

[Lifelong supporter]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

We?

Yep! You struggling with that Dave?

Wasn’t sure if it was the royal ‘we’ or not Fred, or whether others are involved?

[silent majority]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

We?

Yep! You struggling with that Dave?

Wasn’t sure if it was the royal ‘we’ or not Fred, or whether others are involved?

Still not sure what your point is. As I'm sure you've gathered from the answers on this thread I'm talking about the VSC (you could understand that surely?) but I also know you don't see the point of a supporters trust as you've mentioned on previous occasions.

[Red wizard]

When will we know how much the cup run made the club and will that be given to GM   on top of the budget he will be given. Also what are the plans for next season should we stay in L1.? Same budget?  Smaller? Bigger?  Not sure if this is the right time for you to ask Martin. Thanks for the hard work you do for us supporters Martin. Kutgw.

[Jenny]

When will we know how much the cup run made the club and will that be given to GM   on top of the budget he will be given. Also what are the plans for next season should we stay in L1.? Same budget?  Smaller? Bigger?  Not sure if this is the right time for you to ask Martin. Thanks for the hard work you do for us supporters Martin. Kutgw.

Will have to wait for the next set of accounts to be filed to see the cup run impact  - so this time next year, unless the club disclose it first

[Lifelong supporter]

Not enough detail given on Profit/loss, or on key components like staff costs, to make for an overview.
Compare with the accounts for 2015, and you see what is missing.

DRFC are perfectly within rights to submit small business accounts in this form, but it does not help with transparency.

Disappointing, IMHO.

We've always sat down with the club and gone through the accounts together and this year won't be any different. We publish the detail and any questions we need answering on here, how is that disappointing?

We?

Yep! You struggling with that Dave?

Wasn’t sure if it was the royal ‘we’ or not Fred, or whether others are involved?

Still not sure what your point is. As I'm sure you've gathered from the answers on this thread I'm talking about the VSC (you could understand that surely?) but I also know you don't see the point of a supporters trust as you've mentioned on previous occasions.

Sorry, I wasn’t trying to make a point merely asking a question.
The clue was the question mark.
Just wondered who these ‘we’ were, but if you don’t want to answer that’s okay.

[Glyn_Wigley]

He tells you and you go 'if you don't want to answer that's okay'? That's a 'nothing has changed' as good as any Theresa May has come out with.