Quote ="Trojan Horse"So a question now the accounts are out.
Does this signify any improvement on our pre ious finance score?'"
Just for a start;
Page 17 of the clubs accounts details for 22 - £3,895,700 turnover, £1,723,208 of which was from centralised funding, this puts us at £2,172,294 non centralised turnover which under IMG scoring (without going back the 3 years as I can`t actually see the previous accounts) would give us a score of 1.5 under IMG criteria (Page 21 of the IMG handbook for anyone that wants to have a look).
In the latest year of accounting our non centralised funding is at £3,083,854, so for the last 2 years we have an average non centralised turnover of £2,628,074, now the sticking point is because I cannot see, I`m not sure what the non-centralised funding worked out at for the year previous - If this is circa £2.3 million (just over 2022) then we will score the full 2.25 points which is +0.75 points to our score.
Now the % of non centralised funding (page 22 of the IMG handbook) is also averaged over a 3 year period, our % in last years account was 55.7%, if this was an avg we would scored 0.3 out of a maximum 0.7. This year as a % is 66%, which gives us an average of circa 61%, we need 70% to score 0.75 which is +0.45 on our current score - This would be more difficult as our previous year would have had to have been at 88%, which is unlikely but definitely one to target for the year after.
Depending on the answer to the first point relating to the accounts year previous, we will likely be over the 15 mark for a grade A licence.
