Paul Waine wrote: ↑Fri Feb 23, 2024 10:10 am
That's a tough one, bfc8. Are you expecting every fan to have accounting and corporate finance qualifications?
No.
Looked at the bfc 44 page accounts again just now. Accept they have to be produced like that. But you need some finance training to understand and to tease out the really important bits. I used to do that back in the day. Insisted on an executive summary of that sort of thing, 'plain finances' I called it.
You could produce a few key figures about bfc.
Expenditure, income, profit/loss in a coherent form, the way it looks in the bfc accounts using the standard format is not as helpful as it could be.
Balance sheet, things like stadium value, money owed to others, money owing from others, cash in hand, etc and how the profit/loss for the year fits in.
All clear to accountants and could be made much clearer to lay people in a separate document.
I literally tend to aggregate the key figures on the back of a postcard until they make sense to me and can apply various what ifs to it. That could usefully be prepared by bfc and a fans article put in the programme or on the website.
Only thing is the current owners perhaps reluctant to say what they are doing. What they said in the preface to the accounts about paying down some debt and the net assets being among the highest ever was true, but not really the full picture !