Barnsley FC Account to 31 May 2016

The club has filed its Financial Statements for the year to 31 May 2016 with Companies House. Anyone wishing to look at their contents can do so by typing Companies House into the search field of their web browser and selecting the beta site of Companies House. Once into the beta.companies house.gov.uk web site, type Barnsley Football Club into the search field and select Barnsley Football Club 2002 Limited from the list. On the next screen, select the tab “Filing History” and another list will appear. Select “View PDF” beside Full Accounts made up to 31 May 2016 and you see page 1 of the accounts covering last season. Scroll down to see the other 16 pages.

For this year, the club has taken the option of filing only the Balance Sheet and Notes, which they are entitled by law so to do. It does make the process of gleaning any information from them that much more difficult though. Anyway here goes.

Note 13 (Reserves) shows the deficit on Retained Earnings has increased by £577,669 to £9,586,454. What this means is that Barnsley FC lost £577,669 last year, and its accumulated losses now stand at £9,586,454 in total. Remember that last season, the club visited Wembley twice, and yet it still lost money.

Note 17 (Related Party Disclosures) states that Mr Cryne made a personal donation to the club of £402,143 in the year, and that the sum is included in turnover. What that means is that the loss of £577,669 is calculated after the donation of £402,143. Therefore, without the donation the loss would have been £979,812. Not so far away from the £1m stated by Mr Cryne back in June.

Note 3 (Intangible Fixed Assets), which is player transfer fees shows that the club spent £587,500 on new players during the year and I wonder whether the money spent by Mr Cryne went towards funding these player acquisitions.

Note 8 (Loans and Overdrafts) shows that the Bank Overdraft, which stood at £1,412,683 was paid off during the year, and indeed the Balance sheet shows that we had Cash at Bank and in Hand of £576,106, a turnaround of £1,988,789 in the year. However, Note 8 shows that Other Loans increased from £2,660,588 to £7,426,394 during the year. The increase of £4,765,806 has partly been made up of a Balance Sheet reclassification of the Share Subscription Account (see Note 13 Reserves), which accounts for £3,900,00 of the difference, but I suspect that the rest is new money received from Mr Cryne via loan rather than donation.

Note 17 (Related Party Disclosures) also notes that Barnsley FC paid ground rent of £99,999 (£103,113 last year) to Oakwell Community Assets Limited, the company jointly owned by Mr Cryne and Barnsley MBC that owns the ground, under the terms of a 25 year lease. It also notes that Brabners LLP were paid £48,110 (£41,038 last year) for the services of Mr Watkins.

Note 18 (Post Balance Sheet Events) notes that £10m net profit was received after the year end. This would have related to the sale of John Stones by Everton to Manchester City, and presumably the sale of Alfie Mawson to Swansea. The figure is quoted before any other contingent amounts become due, for example those based on number of games played, international appearances or share of subsequent transfer fee in respect of Mawson.

That is all I can glean from the limited information that is on public record, although I would welcome other contributions to this thread.

 

Thanks for your hard work RR . To simplify it then we have to get regular crowds of 16k+ or sell 2m quids worth of talent every year .

 

https://beta.companieshouse.gov.uk/company/04573250/filing-history

Link for anybody interested. View the top PDF on the list - 'Full accounts made up to 31 May 2016'.

 

Thanks for that mate.

The one thing that stands out to me from this is that the money from Stones and Mawson would cover the club's loans and get us out of debt and not much more.

 

What was the turnover?

 

A right riveting read......

 

That would be in the bits that they have not filed.

 

Makes it difficult to put the loss into any context then.

 

Not so good last year, despite the success. Just goes to show how reliant the club is on Patrick Cryne and how trying to do this without his safety net is still giving us an advantage over clubs that don't have his money.

That said, as indicated by the figures, the numbers next year should look much better. We're looking at about an average gate increase of 4,500. I'm guessing there's at least £2m in ticket revenue. Maybe some extra in sponsorship, a few hundred thousand for tv appearances. Offset against extra policing, wages etc...

 

It could show that we are squandering money. Impossible to say without knowing the turnover.

 

All it says to me is that all this living within our means that we hear about is completely untrue and that despite a lot of anecdotes and soundbites we were run extremely poorly as recently as last season. If a club can have a top six attendance and one of the highest gate receipts in the league, gain promotion and visit the national stadium twice lifting two trophies and still post loses of one million pounds in real terms then you have to ask questions over the running of the club.

Maybe if we weren't paying a hundred grand to oakwell community assets for the privilege f playing in a rundown poorly maintained stadium our finances may be a bit better.

If it's £100k a year in rent that is well over £1m we've paid to rent the ground since it was split from the club. That is ridiculous considering the state it is in. It also begs the question of who exactly is paying for the essential repairs to make the west stand safe? It MUST be the landlord surely

 

Lord help the rest of League 1 if one of the best supported clubs in that league with two Wembley appearances and numerous TV appearances still managed to lose a million quid.

 

The repairs would depend on the terms of the lease. But as the holding company is owned 50:50 by Mr Cryne and Barnsley MBC, who as I understand it jointly purchased the assetsin order to safeguard them for future use as a town football club, I'm not sure what you would find ridiculous about it.

 

I wonder how much Burton Albion lost finishing second on 4,000 gates?

 

Me too. Glad you said it though.

 

I really don't see how splitting the assets from the club safeguarded them at all. Amr cryne could sell his share to anyone he wanted couldn't he? The council who are desperate for cash right now could do the same? Wasn't it far more safeguarded when it belonged to the football club? Nobody other than the football club could sell them then

 

What is the turnover to 31st May 2015 compared to 31st May 2016.

Roughly that should give us the value of the two visits to Wembley.

Comparing the operating loss to 2016 this year with the cup / promotion vs. the loss to 2015 without should give us an idea of whether the clubs fundamental core finances are improving or just plain buggered.

 

Because if they weren't seperately owned by a holding company (one half of which is independent of the company which constitutes the football club) then they would presumably have been put up as security for ongoing borrowing, and to cover the amounts which Red Rain mentions as effectively having been put into the club. There would therefore be more risk than under the present arrangement, which presumably implies that Barnsley MBC's holding is in the interests of the community at large in having it's own football club.

 

http://www.burtonalbionfc.co.uk/new...ating-profit-in-promotion-season-3344325.aspx

They actually made a decent profit on a third of the gates and no Wembley appearances so they're obviously doing something right

 

That says it all for me. Unless our turnover was £3.2m.