Braintree at home - Saturday 26th March

[Reading Rebel]

Bloody tin pot if you ask me ?

[rebelade]

Quite ironic that someone complaining about an error makes an error in their complaint 

[Sir Rebel1965]

14 hours ago, rebelade said:

Quite ironic that someone complaining about an error makes an error in their complaint 

Just goes to show that things should be checked before publishing.

[Shredding Green]

On 28/03/2022 at 10:54, 3spirit said:

From my point of view, the National South's quality has gone down in recent seasons, with Covid/budget cuts being the main cause. I don't view this current batch of players being better than we had 3/4 seasons ago, if anything we are weaker.

Our best investment,though, is in our managers !

How long Bakes and Unders are willing to stick around a poorly funded club, is for me the issue?

They are having to rebuild the team currently,as their mainstays from their Godalming days have now gone, and the better experienced players who have been acquired over the years ie Lenchy, Togs, Josh, Scotty, Ben, Sean are all getting older. Having lost stalwarts in Guy, Wazza and Nis,they will need to add quality experienced players to the mix next season. Youngsters can not provide all the answers.

Can our club afford them,though?

Your comment "a poorly funded club" is inaccurate as Slough Town FC is the trading name of the not for profit company limited by the guarantee of the directors Orchard Community Sports Ltd. This is not a funded company and depends entirely upon the directors ensuring that income is at least covering expenditure.

[Irishadrian]

 Coincidently Orchard published their accounts to 31st July 2021 just a few days ago Interesting to note that the total amount received in grants from various sources since covid began including those notified in the 31st July 2020 accs. Is comfortably in excess of £ 300000.

[Shredding Green]

40 minutes ago, Irishadrian said:

 Coincidently Orchard published their accounts to 31st July 2021 just a few days ago Interesting to note that the total amount received in grants from various sources since covid began including those notified in the 31st July 2020 accs. Is comfortably in excess of £ 300000.

https://find-and-update.company-information.service.gov.uk/company/12131178/filing-history

if anyone else would like to take a look.

[3spirit]

On 04/04/2022 at 10:55, Shredding Green said:

Your comment "a poorly funded club" is inaccurate as Slough Town FC is the trading name of the not for profit company limited by the guarantee of the directors Orchard Community Sports Ltd. This is not a funded company and depends entirely upon the directors ensuring that income is at least covering expenditure.

Thank you for correcting me, SG. Aren't you the lucky one, having been educated properly ! 

I must choose my words better next time, otherwise I'm going to be sent to the Headmaster's !?

I took a quick glance at Slough's accounts but it bored me silly. I prefer talking about the football.

  

 

[Curtis]

2 hours ago, 3spirit said:

I took a quick glance at Slough's accounts but it bored me silly. I prefer talking about the football.

It is only five pages, & the only relevant point is that for the 2020/2021 season the club made a profit of £10k after tax. 
 

So, we can all feel confident that the club has continued to be run in a financially responsible manner.

[Rebellier]

Does this 10k figure take into account our fine from the national league?

[Curtis]

These accounts are for the season ending 31st July 2021, and the fine of £8,000 was issued in March 2021.

I didn’t see the fines specifically mentioned in the accounts but it would be reasonable to assume they had either already been paid or accrued for in these accounts.

[Irishadrian]

3 hours ago, Rebellier said:

Does this 10k figure take into account our fine from the national league?

I'm pretty sure but happy to be corrected that we ended up having an additional £1300  in costs to pay hence £9300 in all.

Edited April 5, 2022 by Irishadrian

[Kaiser Gibbs Batman (KGB)]

23 hours ago, 3spirit said:

Thank you for correcting me, SG. Aren't you the lucky one, having been educated properly ! 

I must choose my words better next time, otherwise I'm going to be sent to the Headmaster's !?

I took a quick glance at Slough's accounts but it bored me silly. I prefer talking about the football.

  

 

I used to think people who banged on about "the accounts" were boring until I was invited, in somewhat difficult circumstances, to become a director of my local senior non-league club. Boring or not, the accounts are, ultimately, the alpha and omega of a club's very existence.

[3spirit]

19 hours ago, Kaiser Gibbs Batman (KGB) said:

I used to think people who banged on about "the accounts" were boring until I was invited, in somewhat difficult circumstances, to become a director of my local senior non-league club. Boring or not, the accounts are, ultimately, the alpha and omega of a club's very existence.

I know accounts are important I was self employed for 27years !

Yes it is good to know the books are in order but as those accounts are for 20/21 season, we're still to find out about this season.

I have faith in the current board, and I am sure our club is in good hands. However,as I am more interested in the football side of things I like to pay attention to who our managers [currently Bakes and Unders] recruit, and who gets released/transferred, and why?

At the end of the day, accounts can be fiddled by unscrupulous people to suit their schemes and I'm sure that's why many dodgy businessmen have bought non-league clubs in the past. Well, hopefully it is the past ! ? but I won't 'count my chickens' !

We've got to hope and trust those that have taken over the reins from Steve Easterbrook,can keep Slough Town FC on a stable footing and go from strength to strength but as we fans are used to owners with financial clout being at the Slough Town FC helm, it is obvious that there's bound to be questions arising about our club's funding, hence how this thread/post has come about.

[Shredding Green]

46 minutes ago, 3spirit said:

I know accounts are important I was self employed for 27years !

Yes it is good to know the books are in order but as those accounts are for 20/21 season, we're still to find out about this season.

I have faith in the current board, and I am sure our club is in good hands. However,as I am more interested in the football side of things I like to pay attention to who our managers [currently Bakes and Unders] recruit, and who gets released/transferred, and why?

At the end of the day, accounts can be fiddled by unscrupulous people to suit their schemes and I'm sure that's why many dodgy businessmen have bought non-league clubs in the past. Well, hopefully it is the past ! ? but I won't 'count my chickens' !

We've got to hope and trust those that have taken over the reins from Steve Easterbrook,can keep Slough Town FC on a stable footing and go from strength to strength but as we fans are used to owners with financial clout being at the Slough Town FC helm, it is obvious that there's bound to be questions arising about our club's funding, hence how this thread/post has come about.

As I pointed out before 3spirit, Orchard Community Sports Ltd t/a Slough Town FC is a company limited by the guarantee of the directors, not a funded ccompany with a share capital. To quote you even after this has been pointed out to you, "it is obvious that there's bound to be questions arising about our club's funding". 

[3spirit]

On 07/04/2022 at 09:58, Shredding Green said:

As I pointed out before 3spirit, Orchard Community Sports Ltd t/a Slough Town FC is a company limited by the guarantee of the directors, not a funded ccompany with a share capital. To quote you even after this has been pointed out to you, "it is obvious that there's bound to be questions arising about our club's funding". 

You're the accountant, I'm not !

What does 'a company limited by the guarantee of the directors' mean in layman's terms?

SG, you're being very percnickety about my wording, and coming across as condescending. You may be walking on water but I'm a mere mortal. Get off your high horse !

Accountant jargon isn't easily translated by people unfamiliar with financial aspects. Not everyone is hooked on materialistic gain, so perhaps SG you should bear this in mind when you pinpoint incorrect wording on posts relating to financial matters, especially mine !     

 

[Shredding Green]

7 hours ago, 3spirit said:

You're the accountant, I'm not !

What does 'a company limited by the guarantee of the directors' mean in layman's terms?

SG, you're being very percnickety about my wording, and coming across as condescending. You may be walking on water but I'm a mere mortal. Get off your high horse !

Accountant jargon isn't easily translated by people unfamiliar with financial aspects. Not everyone is hooked on materialistic gain, so perhaps SG you should bear this in mind when you pinpoint incorrect wording on posts relating to financial matters, especially mine!     

 

What you post is here for all to see 3spirit.

You were referring to the level of funding of Orchard Community Sports Ltd.

Quite simply, it has no funding.

If a company has a share capital, the share capital is the initial funding of the company. If the company is controlled by a major shareholder who is often the chairman, that person might fund the company further by way of a directors loan. 

Orchard Community Sports Ltd is 'a company limited by the guarantee of the directors'. It simply relies on income exceeding expenditure. If the company should run into deficit, this would be covered by the guarantee of the directors. They run the company competently to ensure that this situation does not arise.  

 

[3spirit]

16 hours ago, Shredding Green said:

What you post is here for all to see 3spirit.

You were referring to the level of funding of Orchard Community Sports Ltd.

Quite simply, it has no funding.

If a company has a share capital, the share capital is the initial funding of the company. If the company is controlled by a major shareholder who is often the chairman, that person might fund the company further by way of a directors loan. 

Orchard Community Sports Ltd is 'a company limited by the guarantee of the directors'. It simply relies on income exceeding expenditure. If the company should run into deficit, this would be covered by the guarantee of the directors. They run the company competently to ensure that this situation does not arise.  

 

Thank you for explaining that, SG.  All the things I write I stand by. I'm open minded enough to be put right on subjects I've been wrong about, and of course, like all humans I make mistakes. If we didn't we would be robots. I know a lot of bosses/hierarchy/prigs would like humans to be robots but the fact is we are not.

Having myself been writing on this forum for some considerable time before you ever came on to this forum, SG, I don't need a lecture about it's rules, and how I post on here. I suggest you go on an accountants fans forum and then you can argue the finer points of accountancy practice with them ! ha ha not.     

As we are on the subject, one question, what happens if the club did get into debt due to either incompetency by the board, or by an unforeseen event, would the club's director's be liable individually then?

Edited April 9, 2022 by 3spirit

[SloughFlyer]

22 hours ago, Shredding Green said:

What you post is here for all to see 3spirit.

You were referring to the level of funding of Orchard Community Sports Ltd.

Quite simply, it has no funding.

If a company has a share capital, the share capital is the initial funding of the company. If the company is controlled by a major shareholder who is often the chairman, that person might fund the company further by way of a directors loan. 

Orchard Community Sports Ltd is 'a company limited by the guarantee of the directors'. It simply relies on income exceeding expenditure. If the company should run into deficit, this would be covered by the guarantee of the directors. They run the company competently to ensure that this situation does not arise.  

 

So what started all of this last page and a bit of posts was 3spirits wording "poorly funded club". What you have described is a club that has no funding at all, so certainly poorly funded?

Also, the funding of the club is generated by its profit, so thats the funding then.

[Irishadrian]

SloughFlyer  semantics really  It's really about the amount of cash that comes into club and  how it's spent and that there's full accountability for it all imo.

[Shredding Green]

On 09/04/2022 at 10:59, 3spirit said:

Thank you for explaining that, SG.  All the things I write I stand by. I'm open minded enough to be put right on subjects I've been wrong about, and of course, like all humans I make mistakes. If we didn't we would be robots. I know a lot of bosses/hierarchy/prigs would like humans to be robots but the fact is we are not.

Having myself been writing on this forum for some considerable time before you ever came on to this forum, SG, I don't need a lecture about it's rules, and how I post on here. I suggest you go on an accountants fans forum and then you can argue the finer points of accountancy practice with them ! ha ha not.     

As we are on the subject, one question, what happens if the club did get into debt due to either incompetency by the board, or by an unforeseen event, would the club's director's be liable individually then?

I will open a new topic "The financial viability of the club" to answer your above question. 

To me, when a member makes a post it is important that it is accurate and appropriate and made with integrity. The latter word is defined in The Wikipedia Dictionary as "the quality of being honest and having strong moral principles". I might only have been a member of this forum for 5 years 3 months 3spirit but when a member makes a post, how long he/she has been a member is not relevant.

Off the forum 3spirit, I have known you for 30 years since we met at Wexham Park during the 1991/2 season. Who had heard of email, internet and social media in those days? The talk was Colchester United and Wycombe Wanderers and avoiding relegation. Interesting to see the movements of some of our fellow Conference members since then :-
 

 1. Colchester United          42   28   10    4   98   40   94
 2. Wycombe Wanderers          42   30    4    8   84   35   94
 3. Kettering Town             42   20   13    9   72   50   73
 4. Merthyr Tydfil             42   18   14   10   59   56   68
 5. Farnborough Town           42   18   12   12   68   53   66
 6. Telford United             42   19    7   16   62   66   64
 7. Redbridge Forest           42   18    9   15   69   56   63
 8. Boston United              42   18    9   15   71   66   63
 9. Bath City                  42   16   12   14   54   51   60
10. Witton Albion              42   16   10   16   63   60   58
11. Northwich Victoria         42   16    6   20   63   58   54
12. Welling United             42   14   12   16   69   79   54
13. Macclesfield Town          42   13   13   16   50   50   52
14. Gateshead                  42   12   12   18   49   57   48
15. Yeovil Town                42   11   14   17   40   49   47
16. Runcorn                    42   11   13   18   50   63   46
17. Stafford Rangers           42   10   16   16   41   59   46
18. Altrincham                 42   11   12   19   61   82   45
19. Kidderminster Harriers     42   12    9   21   56   77   45
20. Slough Town                42   13    6   23   56   82   45
21. Cheltenham Town            42   10   13   19   56   82   43
22. Barrow                     42    8   14   20   52   72   38

 Only Altrincham, Redbridge Forest (now Dagenham and Redbridge) and Yeovil Town are now in National League.

Edited April 12, 2022 by Shredding Green