This is a summary of the Mansfield Town accounts for the year ended
31st December 2020 which were approved at the club’s Annual General Meeting on
Thursday 22nd December 2022. These accounts cover the second half of
the covid shortened 2019-2020 season when the Stags finished a disappointing 21st
under John Dempster and Graham Coughlan; and the first half of the 2020-2021
season under Graham Coughlan and Nigel Clough when the Stags eventually
finished 16th after failing to win any of the first eleven games.
The headlines are that the football club’s finances were significantly affected
by covid and the lockdown. The club made a large loss of £322,593 in 2020 compared
to a loss of £50,904 for 2019.
TURNOVER (INCOME)
The club’s total income fell from £5,706,953 in 2019 to £3,074,465. This was a reduction of £2,632,488.
Match Day Income understandably fell dramatically from £1,268,368 in 2019 to
£469,103. A reduction of around £800,000. There were only 5 home games played
in front of a crowd. The rest were behind closed doors. The majority of this
income must have come from season ticket sales.
Football and Media Income (which includes the EFL Distributions and Premier
League Solidarity Payments) increased from £1,357,226 in 2019 to £1,556,496.
Commercial Income fell from £3,081,359 in 2019 to £1,048,886.
EXPENDITURE
Total Wages and Salaries including national insurance contributions and pension
costs fell from £5,083,199 in 2019 to £3,143,956.
The average number of staff including directors was 46.
Staff whose costs were recharged to group and connected companies were 203
compared to 185 in 2019.
Player Additions (Transfer Fees) amounted to £26,250 compared to £293,750 in
2019. Players signed in 2020 included Jordan Bowery and Rollin Menayese who
were signed for undisclosed fees.
Player Disposals were £291,985. Players sold in 2020 included CJ Hamilton and
Danny Rose.
Player Agent Fees fell from £133,840 in 2019 to £56,903.
Player medical costs were £92,712 compared to £93,446 in 2019.
Management Charges were £36,050
The rent paid for using Field Mill was £47,210.
Academy Funding was £30,000.
Energy Bills were reduced from £66,324 in 2019 to £27,010.
Travelling Costs were reduced from £96,326 in 2019 to £69,335.
Repairs and Maintenance was reduced from £362,209 in 2019 to £88,146
Other expenses were:
Legal and Professional £31,091 (2019: £13,907)
Motor Expenses £18,693 (2019: £45,915)
Trade Subscriptions £12,664
Rates £7,220
Telephone and Fax £6,981
Water £6,704
Bank Charges £5,685
Cleaning £4,704
Charity Donations £3,000
Printing and Stationery £2,883
Accountancy Fees £2,820
Entertainment £625
LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES
The loans owed to One Call and other group companies fell by around £800,000
from £4,523,361 in 2019 to £3,723,391.
The football club was owed £903,989 from companies under common control
and £31,203 from fellow group companies.
The football club made sales of £891,250 to fellow group companies.
Other creditors amounted to £782,182. This includes around £465,546 owed to
Andy Saunders. The last figure given for this loan was in the 2010 accounts.
RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which
operates a diverse range of businesses including the football club, a claims
handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle
damage repair and solar energy.
The sole director of RSCPBR is John Radford and he is the sole
shareholder
MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited
(formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited
are John Radford and Carolyn Radford.
Mansfield 1861 Limited own the majority shareholding in Mansfield Town Football
Club Limited and the directors of Mansfield Town are John Radford, Carolyn
Radford, David Sharpe, Steve Hymas, Mark Burton and Alexandra Sheriff
Thank you John Radford and Carolyn Radford for their financial support of the football club during the difficult times caused by Covid and the lockdown.
Stags Fans United
