Footballfirst Posted July 31, 2014 Share Posted July 31, 2014 Just for interest, I've taken the income and expenditure figures from BDO's end of administration report so that we can all share the visibility of what the club receives and spends on what. I suspect that we won't get that level of detail going forward, but there is no real reason why we shouldn't. Income for the period 19/06/13 - 11/09/14 SPFL - Season Tickets 1,008,030.00 SPFL - Gate Receipts 979,880.25 SPFL Cup - Gate Receipts 179,749.76 SFA Cup - Gate Receipts 81,688.33 Friendly/Other - Gate Receipts 19,077.49 Gate receipt admin fees 12,550.29 Events Tickets 3,541.71 SPFL - Half season tickets 21,200.83 Hospitality 350,027.01 Catering Franchise 59,727.66 Sponsorship 154,638.21 Advertising 101,103.33 Income from Football Authorities 972,226.66 Programme Sales 9,532.20 Broadcasting income 156,017.59 Retail Franchise 51,500.03 Other Events 5,412.50 Rents Receivables 113,500.00 Service Charge 3,569.34 Commission Receivables 4,569.20 Profit/Loss on sale of Players 233,533.15 Donations 17,649.58 Lottery Income 10,849.00 Telephone masts 8,456.70 Car Parking income 3,790.02 Other Operating Income 64,966.95 Total income 4,626,787.79 Expenditure Catering costs 241,295.20 Programme Costs 18,255.06 Ambulance Costs 24,677.34 Police match costs 43,970.01 Steward Match Costs 219,183.24 Other Match Expenses 37,950.47 Medical costs 63,372.94 Football Equipment 8,482.33 Football kit and Uniforms 45,689.11 Fines and Penalties 6,913.33 Pitch maintenance 8,213.65 Cleaning 40,157.17 Direct Costs 48,062.58 Wages and Salaries 2,350,271.30 Pension Costs 17,394.00 Sales Commission 858.75 Player compensations 110.00 First Aiders 7,413.17 Crowd Doctor 300.00 Car Parking 12,990.61 Public Announcer 2,750.00 Training & Education 1,508.33 Commissions Payable 14,304.43 Rent 126,851.00 Rates 126,986.03 Hire of Training Facilities 278,389.50 Insurance 27,643.33 Utilities 179,818.53 Repairs & Maintenance 36,078.97 Licenses 8 Permits 25,120.56 Statutory Testings & Examination 8,542.70 Waste Disposal 10,536.62 Security 80,407.86 Printing & Stationery 35,137.61 Postage & Carriage 3,083.64 Promotion & Advertising 20,638.40 Computer Running Costs 17,476.25 Telephone Costs 27,084.01 Equipment Leasing 17,349.00 Vehicle Costs 70,088.13 Travel 75,859.14 Entertainment Costs 124.26 Accommodation & Subsistence 6,350.00 Professional fees 210,320.48 Audit fees 15,416.67 Disclosure fees -33.33 Football Authority Levies 7,103.33 Bank Charges 30,942.77 Canteen 1,440.00 Laundry 15,241.74 Television Subscriptions 2,635.71 Membership Fees 891.63 Website 355.91 Other Operating Expenses 6,870.36 Player/club donations 30,515.85 Total Expenditure 4,709,389.68 Link to comment Share on other sites More sharing options...
hughesie27 Posted July 31, 2014 Share Posted July 31, 2014 Our award winning programme costing us almost double to produce than we bring in. Presumably Ambulance costs are for there to be one on standby at matches? And what do we own that we would bring in rent money from? Link to comment Share on other sites More sharing options...
We_are_the_Hearts Posted July 31, 2014 Share Posted July 31, 2014 Just for interest, I've taken the income and expenditure figures from BDO's end of administration report so that we can all share the visibility of what the club receives and spends on what. I suspect that we won't get that level of detail going forward, but there is no real reason why we shouldn't. Income for the period 19/06/13 - 11/09/14 SPFL - Season Tickets 1,008,030.00 SPFL - Gate Receipts 979,880.25 SPFL Cup - Gate Receipts 179,749.76 SFA Cup - Gate Receipts 81,688.33 Friendly/Other - Gate Receipts 19,077.49 Gate receipt admin fees 12,550.29 Events Tickets 3,541.71 SPFL - Half season tickets 21,200.83 Hospitality 350,027.01 Catering Franchise 59,727.66 Sponsorship 154,638.21 Advertising 101,103.33 Income from Football Authorities 972,226.66 Programme Sales 9,532.20 Broadcasting income 156,017.59 Retail Franchise 51,500.03 Other Events 5,412.50 Rents Receivables 113,500.00 Service Charge 3,569.34 Commission Receivables 4,569.20 Profit/Loss on sale of Players 233,533.15 Donations 17,649.58 Lottery Income 10,849.00 Telephone masts 8,456.70 Car Parking income 3,790.02 Other Operating Income 64,966.95 Total income 4,626,787.79 Expenditure Catering costs 241,295.20 Programme Costs 18,255.06 Ambulance Costs 24,677.34 Police match costs 43,970.01 Steward Match Costs 219,183.24 Other Match Expenses 37,950.47 Medical costs 63,372.94 Football Equipment 8,482.33 Football kit and Uniforms 45,689.11 Fines and Penalties 6,913.33 Pitch maintenance 8,213.65 Cleaning 40,157.17 Direct Costs 48,062.58 Wages and Salaries 2,350,271.30 Pension Costs 17,394.00 Sales Commission 858.75 Player compensations 110.00 First Aiders 7,413.17 Crowd Doctor 300.00 Car Parking 12,990.61 Public Announcer 2,750.00 Training & Education 1,508.33 Commissions Payable 14,304.43 Rent 126,851.00 Rates 126,986.03 Hire of Training Facilities 278,389.50 Insurance 27,643.33 Utilities 179,818.53 Repairs & Maintenance 36,078.97 Licenses 8 Permits 25,120.56 Statutory Testings & Examination 8,542.70 Waste Disposal 10,536.62 Security 80,407.86 Printing & Stationery 35,137.61 Postage & Carriage 3,083.64 Promotion & Advertising 20,638.40 Computer Running Costs 17,476.25 Telephone Costs 27,084.01 Equipment Leasing 17,349.00 Vehicle Costs 70,088.13 Travel 75,859.14 Entertainment Costs 124.26 Accommodation & Subsistence 6,350.00 Professional fees 210,320.48 Audit fees 15,416.67 Disclosure fees -33.33 Football Authority Levies 7,103.33 Bank Charges 30,942.77 Canteen 1,440.00 Laundry 15,241.74 Television Subscriptions 2,635.71 Membership Fees 891.63 Website 355.91 Other Operating Expenses 6,870.36 Player/club donations 30,515.85 Total Expenditure 4,709,389.68 How many STs were sold before Admin? Link to comment Share on other sites More sharing options...
The Merse Posted July 31, 2014 Share Posted July 31, 2014 How many STs were sold before Admin? Think it was around 7,000. Link to comment Share on other sites More sharing options...
hughesie27 Posted July 31, 2014 Share Posted July 31, 2014 How many STs were sold before Admin? 7000 I think. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Our award winning programme costing us almost double to produce than we bring in. Yes I noticed that too. There are a few other little things that you may pick up on, which you could question going forward. e.g. ?2,750 to the public announcer. I don't know if that represents the fees paid to Scott Wilson but it sounds a nice little earner at over ?100 per match I should add that all the figures quoted wil be net of VAT. Link to comment Share on other sites More sharing options...
Tasavallan Posted July 31, 2014 Share Posted July 31, 2014 To paraphrase Wilkins Micawber "Total income 4,709,389.68 pounds, total expenditure 4,626,787.79 pounds, result happiness. Total income 4,626,787.79 pounds, total expenditure 4,709,389.68 pounds, result misery." Aren't we so very happy that the BDO period is behind us. Link to comment Share on other sites More sharing options...
Homme Posted July 31, 2014 Share Posted July 31, 2014 Our award winning programme costing us almost double to produce than we bring in. Presumably Ambulance costs are for there to be one on standby at matches? And what do we own that we would bring in rent money from? While quite low on the grand scheme of things, why even bother with a programme? Tradition? People don't seriously go to the games just because of a programme do they? I say get rid completely. Perhaps an online programme could be emailed out to ST holders and any other interested parties on a Friday night / Saturday morning before games? Maybe make it subscription based with the option to download them individually. The club will save a fortune on printing and distribution costs whilst still providing the programme albeit in a different format. And if folk complain then tough. Its 2014. Link to comment Share on other sites More sharing options...
We_are_the_Hearts Posted July 31, 2014 Share Posted July 31, 2014 Yes I noticed that too. There are a few other little things that you may pick up on, which you could question going forward. e.g. ?2,750 to the public announcer. I don't know if that represents the fees paid to Scott Wilson but it sounds a nice little earner at over ?100 per match I should add that all the figures quoted wil be net of VAT. ?100 for working 2-5 on a Saturday isn't really a lot......................... Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Hire of training facilities at ?278K looks like the payment to Heriot Watt for the use of Riccarton Link to comment Share on other sites More sharing options...
hughesie27 Posted July 31, 2014 Share Posted July 31, 2014 Yes I noticed that too. There are a few other little things that you may pick up on, which you could question going forward. e.g. ?2,750 to the public announcer. I don't know if that represents the fees paid to Scott Wilson but it sounds a nice little earner at over ?100 per match I should add that all the figures quoted wil be net of VAT. Presumably SW will be on more than that over the year if you include his MC role during hospitality and various other POY functions etc. Link to comment Share on other sites More sharing options...
Homme Posted July 31, 2014 Share Posted July 31, 2014 ?100 for working 2-5 on a Saturday isn't really a lot......................... 33 quid an hour isnt too bad. Link to comment Share on other sites More sharing options...
We_are_the_Hearts Posted July 31, 2014 Share Posted July 31, 2014 33 quid an hour isnt too bad. Probably about standard? Most folk are on Double Time at the weekend? Link to comment Share on other sites More sharing options...
Pistol1874 Posted July 31, 2014 Share Posted July 31, 2014 Our award winning programme costing us almost double to produce than we bring in. Presumably Ambulance costs are for there to be one on standby at matches? And what do we own that we would bring in rent money from? I'd hope some of the advertising and sponsorship must relate to the programme. Link to comment Share on other sites More sharing options...
Juan Rom?n Riquelme Posted July 31, 2014 Share Posted July 31, 2014 33 quid an hour isnt too bad. Especially if you're getting paid that to watch Hearts. Link to comment Share on other sites More sharing options...
Jambo, Goodbye Posted July 31, 2014 Share Posted July 31, 2014 Stewards are high on cost. Can't we bring that in-house? Link to comment Share on other sites More sharing options...
The Merse Posted July 31, 2014 Share Posted July 31, 2014 Have to say I don't grudge what Scott Wilson is earning, best PA in the country by a distance and it's hardly expensive. Agree with Homme re doing away with the programs - no point in producing it if it is a loss maker and the online version sounds good to me. Link to comment Share on other sites More sharing options...
Don Dan Posted July 31, 2014 Share Posted July 31, 2014 Thanks FF. These figure show a loss of ?82600. No sign either JKB donations. One thing it does highlight is that we do need the ?1.4m a year to stabilise the club. I made no account of pre admin accounts in my statement as it would be difficult to filter all the debt payments into working out if we could have been viable with out the debt. Link to comment Share on other sites More sharing options...
Don Dan Posted July 31, 2014 Share Posted July 31, 2014 While quite low on the grand scheme of things, why even bother with a programme? Tradition? People don't seriously go to the games just because of a programme do they? I say get rid completely. Perhaps an online programme could be emailed out to ST holders and any other interested parties on a Friday night / Saturday morning before games? Maybe make it subscription based with the option to download them individually. The club will save a fortune on printing and distribution costs whilst still providing the programme albeit in a different format. And if folk complain then tough. Its 2014. I know people who collect them. I agree with The option to printing, via email or download for a small fee. Just a thought. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Thanks FF. These figure show a loss of ?82600. No sign either JKB donations. One thing it does highlight is that we do need the ?1.4m a year to stabilise the club. I made no account of pre admin accounts in my statement as it would be difficult to filter all the debt payments into working out if we could have been viable with out the debt. That was the trading loss for the period, but there are other elements of income to come in so the net debt position handed over to Bidco was ?41,574. That should be more than covered by the JKB donations. Link to comment Share on other sites More sharing options...
Beverley Posted July 31, 2014 Share Posted July 31, 2014 ?100 for working 2-5 on a Saturday isn't really a lot......................... You're right, it's not. An entertainer or speaker type will ofter be on a good bit more Link to comment Share on other sites More sharing options...
Jammy T Posted July 31, 2014 Share Posted July 31, 2014 Surprised that anyone would begrudge Scott Wilson ?100 per match. In the scheme of things it's pennies and he does a heck of a lot for the club in others ways Poor show IMO Link to comment Share on other sites More sharing options...
Jambo, Goodbye Posted July 31, 2014 Share Posted July 31, 2014 You're right, it's not. An entertainer or speaker type will ofter be on a good bit more Plus it's not really 2-5, he'll spend time through the week organising his playlist etc. Good value in the end imo. Link to comment Share on other sites More sharing options...
The Merse Posted July 31, 2014 Share Posted July 31, 2014 Thanks FF. These figure show a loss of ?82600. No sign either JKB donations. One thing it does highlight is that we do need the ?1.4m a year to stabilise the club. I made no account of pre admin accounts in my statement as it would be difficult to filter all the debt payments into working out if we could have been viable with out the debt. Small loss during that period yes, but that's not taking into account circa ?2m income from Season Ticket sales which were spent before BDO took over. All the income from ST sales going forward should now be going towards income for that season rather than plugging the gap left behind from the year before. Link to comment Share on other sites More sharing options...
Fort Vallance Posted July 31, 2014 Share Posted July 31, 2014 Our award winning programme costing us almost double to produce than we bring in. Presumably Ambulance costs are for there to be one on standby at matches? And what do we own that we would bring in rent money from? We only sold around 3000 programmes in 15 months ? Thats only about 120 per game unless I'm missing something.Sorry I can't believe that. Link to comment Share on other sites More sharing options...
Don Dan Posted July 31, 2014 Share Posted July 31, 2014 That was the trading loss for the period, but there are other elements of income to come in so the net debt position handed over to Bidco was ?41,574. That should be more than covered by the JKB donations. So the bottom line is we broke even (roughly) during Admin under BDO and if AB hadn't step in when she did along with FoH and our money we could have been liquidated. Scary thought it seemed that close. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Surprised that anyone would begrudge Scott Wilson ?100 per match. In the scheme of things it's pennies and he does a heck of a lot for the club in others ways Poor show IMO I wasn't questioning Scott Wilson's abilities as an announcer, but I used it as an example of where you may seek to reduce or eliminate any unnecessary expenditure. e.g. how much do Dumbarton or Raith Rovers pay for their announcers? I doubt very much if it is anything like ?2,750. That is the benefit of seeing the fine detail of what we actually pay or receive for services. Link to comment Share on other sites More sharing options...
tazhearts Posted July 31, 2014 Share Posted July 31, 2014 Catering Costs 241,295.20 Catering Franchise 59,727.66 Don't understand this. So we got 60k for outsourcing the match day catering to Saltire. What is the ?240K spent on? Link to comment Share on other sites More sharing options...
Don Dan Posted July 31, 2014 Share Posted July 31, 2014 We only sold around 3000 programmes in 15 months ? Thats only about 120 per game unless I'm missing something.Sorry I can't believe that. Is that figure only relevant to the Admin period. Link to comment Share on other sites More sharing options...
Fort Vallance Posted July 31, 2014 Share Posted July 31, 2014 Is that figure only relevant to the Admin period. Income for the period 19/06/13 - 11/09/14 Was the dates quoted on the heading. Not sure how it works since we aren't at 11/09/14 but it certainly suggests it covers a whole season. Link to comment Share on other sites More sharing options...
Dr. Bapswent Posted July 31, 2014 Share Posted July 31, 2014 Are we really quibbling over Scott Wilsons fee? Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 So the bottom line is we broke even (roughly) during Admin under BDO and if AB hadn't step in when she did along with FoH and our money we could have been liquidated. Scary thought it seemed that close. The intention of the adminstrators was to run the business on a break even basis, balancing income and expenditure. That's exactly what they did by the early redundancies and "voluntary" pay cuts (i.e. take a pay cut or be made redundant). It was always the case that we would have been liquidated if there was no buyer. What it does show me is that the club was able to run on a break even basis despite having a ?2M hole in its budget from the loss of ST income, which is a sad indictment of the continual overspending by the previous regimes. Link to comment Share on other sites More sharing options...
Francis Albert Posted July 31, 2014 Share Posted July 31, 2014 Agreed the programme income looks ridiculously low - unless it is net of what the programme producers charge, in which case it's not clear what the programme costs are - unless the programme sellers are on a large multiple of what Scott Wilson gets! Interesting that repairs an maiintenance on our crumbling stadium and death trap main stand amounted to ?36,000. And it's still standing and we are all still breathing. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted July 31, 2014 Share Posted July 31, 2014 Broadcasting income is hardly worth the fixture disruption. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Income for the period 19/06/13 - 11/09/14 Was the dates quoted on the heading. Not sure how it works since we aren't at 11/09/14 but it certainly suggests it covers a whole season. That was a typo on my part. It should have been 11/06/14 Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Broadcasting income is hardly worth the fixture disruption. The biggest part of the broadcasting income is included in the SPFL payments. The separate figure will relate to cup ties. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted July 31, 2014 Share Posted July 31, 2014 Agreed the programme income looks ridiculously low - unless it is net of what the programme producers charge, in which case it's not clear what the programme costs are - unless the programme sellers are on a large multiple of what Scott Wilson gets! Interesting that repairs an maiintenance on our crumbling stadium and death trap main stand amounted to ?36,000. And it's still standing and we are all still breathing in asbestos. Wee correction. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted July 31, 2014 Share Posted July 31, 2014 The biggest part of the broadcasting income is included in the SPFL payments. The separate figure will relate to cup ties. Ah, okay. Thanks for that. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Catering Costs 241,295.20 Catering Franchise 59,727.66 Don't understand this. So we got 60k for outsourcing the match day catering to Saltire. What is the ?240K spent on? I'd expect that the bulk of the catering costs are Hospitality costs. Link to comment Share on other sites More sharing options...
loveofthegame Posted July 31, 2014 Share Posted July 31, 2014 Are we really quibbling over Scott Wilsons fee? I know, beyond a joke. ?2750 of ?4709389!!!! That is 0.05% of expenditure!!!! Link to comment Share on other sites More sharing options...
Fort Vallance Posted July 31, 2014 Share Posted July 31, 2014 That was a typo on my part. It should have been 11/06/14 No problem. It's still a full season. Link to comment Share on other sites More sharing options...
Juan Rom?n Riquelme Posted July 31, 2014 Share Posted July 31, 2014 Scott Wilson is killing the club every day imo. Link to comment Share on other sites More sharing options...
Francis Albert Posted July 31, 2014 Share Posted July 31, 2014 Reply to #28 - hospitality catering. (Why can't I quote posts!!!) Link to comment Share on other sites More sharing options...
Romulus Posted July 31, 2014 Share Posted July 31, 2014 does anyone even buy programmes any more? Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted July 31, 2014 Share Posted July 31, 2014 does anyone even buy programmes any more? Me. I collect them. I even buy the ones I've missed online. Link to comment Share on other sites More sharing options...
tazhearts Posted July 31, 2014 Share Posted July 31, 2014 Is ?1,008,030.00 the total income from from all season tickets sold last season? How many did we sell? If we sold 7000 that works out at only ?142 per season ticket? Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 A disappointing income figure is that from the Retail Franchise at ?51,500, although that may be supplemented by rental income. I don't know how the Retail Franchise works, but it may be that we charge the franchisee a rental fee for the shop and take a %'age of the sales. I'd hope that the income from this season's shirt sales on their own would be significantly higher. Link to comment Share on other sites More sharing options...
Footballfirst Posted July 31, 2014 Author Share Posted July 31, 2014 Is ?1,008,030.00 the total income from from all season tickets sold last season? How many did we sell? If we sold 7000 that works out at only ?142 per season ticket? It is just the income during the admin period i.e. from 3,500 STs. The money from the initial 7,000 sales was spent before we went into admin. Link to comment Share on other sites More sharing options...
tian447 Posted July 31, 2014 Share Posted July 31, 2014 does anyone even buy programmes any more? I buy a programme for every match I go to. It'll be something to look back on in the future, when I'm telling my grandchildren about The Hearts Might even be worth something if they're kept in good nick, Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted July 31, 2014 Share Posted July 31, 2014 I buy a programme for every match I go to. It'll be something to look back on in the future, when I'm telling my grandchildren about The Hearts Might even be worth something if they're kept in good nick, The kids' inheritance. Link to comment Share on other sites More sharing options...
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