Annual Financial Statements - 31 May 2010?

Tommy Chong · January 18, 2011

Does anybody know when these will be available to view?

FinchFarmBlue · January 18, 2011

Tommy Chong said:
Does anybody know when these will be available to view?

I believe they have up to 9 months from year end to publish them. A lot later being out this year than recent times it seems, but they have to available by the end of next month at the latest. No news is good news as they say.

Tommy Chong · January 18, 2011

I would like to get a look at those figures!

Matt Damon · January 18, 2011

FinchFarmBlue said:
I believe they have up to 9 months from year end to publish them. A lot later being out this year than recent times it seems, but they have to available by the end of next month at the latest. No news is good news as they say.

They can change the date of issuing once every 5 years if they wish. They have up to the end of the tax year (April) to file them.

davek · January 18, 2011

They're just preparing them.

NickEFC · January 18, 2011

Matt Damon said:
They can change the date of issuing once every 5 years if they wish. They have up to the end of the tax year (April) to file them.

That's not quite right. Providing the accounts aren't late, they can extend the period end by up to 6 months once every five years, allowing for a change in reporting years in the future. And then the filing deadline becomes 9 months later than the new year end. (They can actually write to the secretary of state for further period end alterations, but that's unlikely)
So this means that they'd have to submit (up to) an 18 month set of accounts, with a November period end and therefore a filing deadline of 31st August.

However they haven't submitted a change of accounting period form yet, so that means they have until the 28th of Feb to submit the accounts on time or receive a £150 fine. Assuming they deliver them on the very last day possible and they are only lodged at Companies House on the 28th, they don't become available for download for a couple of days, so it will be about the 2nd of March before you can download a set from Companies House, which I will be doing, for the princely sum of £1 and I will happily pass them on.

I should also like to mention that an extension to the filing deadline is available under certain circumstances, such as grave illness or death of a director, so can anyone planning on filling in or offing Bill Kenwright please hold off until the 1st March? Thanks

davek · January 18, 2011

NickEFC said:
That's not quite right. Providing the accounts aren't late, they can extend the period end by up to 6 months once every five years, allowing for a change in reporting years in the future. And then the filing deadline becomes 9 months later than the new year end. (They can actually write to the secretary of state for further period end alterations, but that's unlikely)
So this means that they'd have to submit (up to) an 18 month set of accounts, with a November period end and therefore a filing deadline of 31st August.

However they haven't submitted a change of accounting period form yet, so that means they have until the 28th of Feb to submit the accounts on time or receive a £150 fine. Assuming they deliver them on the very last day possible and they are only lodged at Companies House on the 28th, they don't become available for download for a couple of days, so it will be about the 2nd of March before you can download a set from Companies House, which I will be doing, for the princely sum of £1 and I will happily pass them on.

I should also like to mention that an extension to the filing deadline is available under certain circumstances, such as grave illness or death of a director, so can anyone planning on filling in or offing Bill Kenwright please hold off until the 1st March? Thanks

*puts safety catch back on*

Seriously though mate, thanks for the detailed and expert info. It makes a pleasant change from Damon's wikilurks factoids.

NickEFC · January 18, 2011

davek said:
*puts safety catch back on*

Seriously though mate, thanks for the detailed and expert info. It makes a pleasant change from Damon's wikilurks factoids.

No worries mate, onlyabout time this profession of mine started being of use to people!

Tommy Chong · February 9, 2011

Well now they're out...

I checked them out here:

http://www.evertonfc.com/assets/_files/documents/feb_11/efc__1297183974_Annual_Report_and_Accounts_201.pdf

davek · February 9, 2011

Tommy Chong said:
Well now they're out...

I checked them out here:

http://www.evertonfc.com/assets/_fi...1297183974_Annual_Report_and_Accounts_201.pdf

PMSL at this bit in the Financial Review re wage bill:

"The Club’s annual wage bill as a proportion of turnover was 69% representing an increase from 62% in the prior year, but is still considered an appropriate level of investment in staff costs...if the full revenue from the outsourced catering and retail operations were included in the Club’s turnover figure the wage bill as a proportion of turnover would have been 64%."

But they're not part of our revenue because they sub-contracted retail and catering to Kitbag and Sodexo. It's like saying if we added all the takings from shops and pubs and betting offices on County Road and surrounding roads for 20 odd matchdays per year then you can get the wage proportion down to 63% of turnover.

By the way, almost 70% of turnover as wages was considered 'approporiate'...as it was two years previously when it stood at 59%. I wonder what figure it'll have to become to be 'inappropriate'? They better start getting a few ideas together to start making money or get an investor in.