|
EFST started the financial year with total assets of £16,492.
Turnover for 2008/09 derived from membership fees, programme sales and fund raising totalled £20,460. This figure is higher than normal due to the ATG event which was organised by the Trust and held at the Dean Park Hotel on 31.08.08. The event itself raised £5,938 with an overall cost of £7,136. This cost to the Trust of organising this event was recognised as the likely outcome when pricing tickets, but the Trust Board felt that it was important that East Fife Supporters should not be excluded from this unique event due to high ticket prices.
The majority of other income was derived from programme advertising and sales (£10,813), the prize draw (£1,903) and membership fees (£586).
The highest expenditure for the year was in printing costs for the programme (£9,438). This means that the Programme generated a small profit for the Trust.
Tickets sales for the Prize draw raised £523 for Maggie’s Centre, Kirkcaldy.
The Trust also operates a share save scheme where members can make payments to the Trust’s savings account. These funds are ring fenced and will only be used to purchase shares in East Fife Football Club Ltd. The savings from this account enabled the Trust to purchase an additional 500 shares in May 2009.
The Trust now holds 3600 shares representing an overall investment of £16,200 in East Fife FC.
EFST ended the financial year on 31.05.09 with total assets of £17,156. |
