Considering an unrealised gain on exchange which amounted to €23,432, the profit, or better the surplus of revenue over costs, amounted to €670,132. At the end of season 2008/09, the excess of income over expenditure amounted to €380,671.
The Accumulated fund at the end of the year therefore amounts to €4,982,927.
STATEMENT OF FINANCIAL POSITION (Balance Sheet)
Non-Current Assets €10,089,089
Current Assets €3,263,618
Total Assets €13,352,707
Equity & Liabilities
Equity – Accumulated Fund €4,982,927
Non-Current Liabilities €6,736,220
Current Liabilities €1,633,560
Total Equity and Liabilities €13,352,707
DETAILED INCOME STATEMENT
Administration
Revenue: €3,445,055 (€3,229,763 in 2008/09)
(including local matches €45,434; FIFA and UEFA subsidy and refunds €1,987,879; MFA project – Member Clubs and Member Associations facilities fund €1,105,352; sponsorships €84,599; disciplinary fines – club fines and damages €20,738; disciplinary fines – others €39,385; affiliation and other fees €36,700; interest receivable €38,007; advertising €43,672; sundry income €43,289).
Costs: €2,525,367 (€2,350,203 in 2008/09)
(including salaries €221,495; MFA officials’ allowances €75,605; foreign officials’ expenses €17,605; referees’ fees €120,172; MFA project – Member Clubs and Member Associations facilities fund €1,513,801; presentations and gifts €19,655; travelling and accommodation €12,474; professional fees €8,345; advertising €20,670; insurance €7,452; printing and stationery €22,972; office maintenance €9,187; telecommunications €27,377; water and electricity €58,175; referees’ training allowance €32,521; audit fees €3,261; awards, ceremonies and refreshments €16,081; bank loan interest and charges €210,047; general expenses €12,152; celebrations National League 100th Anniversary and 50 years of FIFA and UEFA membership €104,061).
Surplus of revenue over costs (following depreciation amounting to €84,490): €919,688
(€889,275 in 2008/09)
Sports Facilities
Revenue: €758,272 (€643,731 in 2008/09)
(including share of gates €212,540; bar concessions €54,00; advertising €52,940; broadcasting rights €30,252; complex income €364,200; car park income €10,322; football school subscriptions €7,462; course fees €25,555).
Costs: €534,221 (€553,461 in 2008/09)
(including wages and personnel expenses €234,108; maintenance €177,163; utility costs €51,221).
Surplus of revenue over costs (following a depreciation amounting to €574,277): €350,226 (€523,185 in 2008/09)
National Teams, Youths and Grassroots Development
Revenue: €1,319,052 (€1,205,871 in 2008/09)
(including international matches €1,318,072 and players’ sponsorships €980) .
Costs: €1,157,324 (€1,082,674 in 2008/09)
(includes players’ training allowance €54,051; bonuses and appearance money €28,569; travelling and accommodation for national teams €522,948; kits and training equipment €51,359; technical staff €390,438; insurance and medical €39,816; advertising €3,490).
Surplus of revenue over costs: €161,728 (€113,482 in 2008/09)
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