According to Martin Sadler in today's League Express, the club has recently published it's accounts and apparently it made a profit of £192,000 in the year to 30th November 2020, so well done to MC and JM for their outstanding stewardship of our club

And people say the clubs skint.

With the income reduced so much this year that is unbelievable work.

But let's not get carried away with the we are not skint thing.
We could easily have debts far in excess of that and deferred payments to HMRC.
Can't just go spend that on a player.

I've tried finding the latest accounts but have only found this..... https://find-and-update.company-informa ... ng-history and the figures on there are for earlier in 2020, I think. (3rd PDF down) BTW...looking at the first 2 entries - Termination of Appointment as Director - who were Natindarjit Kaur and Stuart Ambler and why would their appointments have been terminated ???

I've tried finding the latest accounts but have only found this..... https://find-and-update.company-informa ... ng-history and the figures on there are for earlier in 2020, I think. (3rd PDF down) BTW...looking at the first 2 entries - Termination of Appointment as Director - who were Natindarjit Kaur and Stuart Ambler and why would their appointments have been terminated ???

We probally are,looking at the dates its could pre covid l.but netherthe less qell done to club, hopefully we spend full budget next season

No they don’t but it’s all relative if you get what I mean.

But remember we payed for Cats Bar roof, floodlights and the new pitch.

Unfortunately it’s not just about players, the club has to invest off field.

All the same it’s a big well done.

What new pitch?

The 4G pitch is not part of ant deal with YC. It is being funded entirely by the club.

But surley we aint bought and payed yet

I wouldn't jump up and down too much about 'profit', cashflow is the more important.

Not that unbelievable thanks to one word. Furlough.

When you consider the average 16% pay cut everyone took and we had virtually all our staff having 80% of their wages being paid by the government then our biggest outgoing by a long way was vastly reduced. Nicely managed definitely but i’d have expected nothing less from a man with the financial nous MC has.

Clubs like ours who don’t pay out rent for their ground will be the ones that come out of this best. We still though have the deferred £3 million mortgage to start paying in the not too distant future amongst other things so as good as it is the choppy waters are still around.

No but clearly you need to have made a profit to pay for it, basic economics Luppy.

Use that money on players you don’t get a pitch. Use it on a pitch that will make you revenue then eventually you will get the players.

Do you know it’s been deferred? Not the impression I got when talking to my besty but I can’t be certain.

Well we ain’t paid any of it back yet!

As i understand it the repayment start date was set to a future date (i forget how long, 3 or 4 years or something like that) will the aim of the ground being refurbished in that time and all the extra income that will bring to help fund the payments. That last bit, as you have possibly heard, is looking a little shakey right now so fingers crossed there.

Quote: FIL "I've tried finding the latest accounts but have only found this..... https://find-and-update.company-informa ... ng-history and the figures on there are for earlier in 2020, I think. (3rd PDF down) BTW...looking at the first 2 entries - Termination of Appointment as Director - who were Natindarjit Kaur and Stuart Ambler and why would their appointments have been terminated ???'" I believe you’re looking at the wrong accounts, what you’re are quoting is the Community Trust accounts and not Wakefield Trinity’s. If you look in Companies House for Spirit of 1873 Ltd that will show you the accounts for 2020.

Quote: FIL "I've tried finding the latest accounts but have only found this..... https://find-and-update.company-informa ... ng-history and the figures on there are for earlier in 2020, I think. (3rd PDF down) BTW...looking at the first 2 entries - Termination of Appointment as Director - who were Natindarjit Kaur and Stuart Ambler and why would their appointments have been terminated ???'" I believe you’re looking at the wrong accounts, what you’re are quoting is the Community Trust accounts and not Wakefield Trinity’s. If you look in Companies House for Spirit of 1873 Ltd that will show you the accounts for 2020.