Home Trust Updates
Updates from Trust Secretary and Treasurer
Treasurer's report for the 2nd quarter ending 31.12.09
Updates from Secretary and Treasurer
Written by Colin McInnes   
Monday, 25 January 2010 20:10

EFST started the financial year on 01.06.09 with total assets of £17,156.

Turnover for the six month period to 31.12.09 was £7,718.   The majority of this income was derived from advertising in the matchday programme (£3,500) and sales (£3,395), with the remainder coming from fund raising and membership fees.

It should be noted that revenue from advertising is largely accounted for in the first quarter of the financial year, and this income is then used to pay for the cost of producing the matchday programme throughout the remainder of the football season.

Costs for the same six month period are £6,872.   The majority of this expenditure is £5,163 on printing costs for the matchday programme, with a further £900 for the 2009 prize draw; plus an auditor's fee of £575 for the preparation of our accounts for the year ending 31 May 2008.

EFST ended the 2nd quarter of this financial year with assets of £18,283.
Last Updated on Monday, 25 January 2010 21:18
 
Treasurer’s report for the year ending 31 May 2009
Updates from Secretary and Treasurer
Written by Colin McInnes   
Sunday, 02 August 2009 20:06

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.
Last Updated on Sunday, 02 August 2009 20:16