Thanks for coming back to me it's appreciated
It's fair to say we have cash in the bank and more to come from the progression in the cup
Give Jim the pin code please 😎
I am just a fan, I dont have any say in anything, just observing things like the rest of us
So what has prompted you this year, to publish on this forum, and therefore the world, the accounts of Altrincham FC. Presumably, like me, you are a shareholder and had it in your power to do this on many an occasion in the past but have chosen not to. What has changed?
Now that is a very good question, indeed THE question.
Firstly, the AFC accounts are public knowledge, published and available on the companies house and many other websites, so hardly secret.
I never posted anything before on this but have been taking a keen interest since the CSH was built (which I was involved with) as I wanted to see how this was going, since the primary reason behind the board taking the decision to do it was to find a way of securing the club's long term financial future, rather than struggling to survive year on year as we, and many of our competitors, had been doing.
Since the CSH was completed in late 2014 and then opened in Jan 2015, it was obvious that the CSH was attracting more and more people to the club on match days and other occasions, as was hoped it would,... increasing AFC income from the Bar, Functions and snack bar etc.
By chance, a topic appeared on the forum last week about Telford struggling financially and it set me thinking again about how we were doing. Then our latest accounts were published (I got mine friday) which gave me chance to see a full years accounts of the club including the CSH.
Its not easy to attribute the rise in turnover from the accounts but it seems as though we have had a significant increase in overall income from 507K in 2014 (which included the watmore money) to 675K last year.
Even allowing for the FAC money last year, that is at least a 100K pa rise in income, maybe more which is a serious game changer.
Having said that the turnover will fall this year due to relegation unless we do even better in the FAC and FAT.
The other reason I have posted more factual data is that some posters were drawing conclusions about how well or otherwise the board were running the club based on "estimates" of income, so I thought it only fair that everyone (most forum members dont get accounts I imagine) knew the actual numbers.
You can draw your own conclusions now based on accurate figures. I know I have.
What a lot of fans cannot reconcile is how well we have been doing off the pitch,... rather than ON IT.
On that, I can only agree with them.