The financial figures for the second half of that season will be in the 2023 accounts which will be laid before shareholders on Monday.
The headlines for 2022 were that the club made a loss of £50,134 compared to £45,774 in 2021 and £322,593 in 2020.
PROFIT (LOSS)
2022 (£50,134)
2021 (£45,774)
2020 (£322,593)
2019 (£50,904)
2018 (£116,281)
2017 (£132,785) (6 months from 1st July 2017)
2016-2017 £6,403
2015-2016 (£10,077)
TURNOVER (INCOME)
The club’s total income increased to £5,506,335 compared to £4,130,265 in 2021. It was £5,706,953 in 2019 (pre covid).
2022: £5,506,335
2021: £4,130,265
2020: £3,074,465
2019: £5,706,953
2018: £4,324,339
2017: £2,619,535
2016: £2,243,164
Match Day Income
Match Day Income recovered from covid and increased from £940,628 in 2021 to £1,498,861. The club received £34,500 from local authority Covid and Kickstarter grants.
2022: £1,498,861
2021: £940,628
2020: £469,103 (Covid)
2019: £1,268,368
Football and Media Income
Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,719,138 to £1,903,454
2022: £1,903,454
2021: £1,719,138
2020: £1,556,496
2019: £1,330,406
2018: £1,135,478
2017: £1,025,245
2016: £753,489
Commercial Income
Commercial Income increased from £1,470,499 to £2,104,190. It was £3,081,359 in 2019.
2022: £2,104,190
2021: £1,048,886
2020: £1,048,886
2019: £3,081,359
EXPENDITURE
Total Wages and Salaries
Total Wages and Salaries including national insurance contributions and pension costs increased from £3,279,040 to £3,656,096. It was £5,083,199 in 2019.
2022: £3,656,096
2021: £3,279,040
2020: £3,143,956
2019: £5,083,199
2018: £4,456,034
2017: £1,884,466
2016: £1,464,626
The average number of staff including directors was 277 compared to 246 in 2021.
Staff whose costs were recharged to group and connected companies were 217 compared to 198 in 2021.
Player Agent Fees
Player Agent Fees increased to £83,876 in 2022 from £70,624.in 2021. They were £133,840 in 2019
2022: £83,876
2021: £70,624
2020: £56,903
2019: £133,840
2018: £135,652
Player Medical Costs
Player medical increased from £46,830 to £73,283
2022: £73,283
2021: £46,830
2020: £92,712
2019: £94,446
2018: £82,966
Management Charges
Management Charges increased from £48,066 to £54,178
2022: £54,178
2021: £48,066
2020: £36,050
I believe this money is paid to Mansfield Town 1861 Limited so it can pay for the wages and costs of running corporate hospitality and possibly the catering kiosks and bars. It also pays for the chefs and players' meals at the training ground at Pleasley.
Rent for Field Mill
The rent paid for using Field Mill increased from £49,806 to £240,000. There is no rent paid for using Pleasley.
2022: £240,000
2021: £49,806
2019: £47,210
The rent paid to John Radford MTFC Stadium Limited helps to subsidise Mansfield Town 1861 Limited. There is the following note in the accounts for Mansfield Town 1861 Limited for 31st December 2023:
"John Radford MTFC Stadium Limited is owed significant connected company loans by Mansfield Town 1861 Limited. These are interest free and repayable on demand. John Radford MTFC Stadium Limited is controlled by John Radford who controls Mansfield Town 1861 Limited through his ownership of RSCPBR B Limited. John Radford MTFC Stadium has produced a letter of support confirming that it will not seek repayment of the connected company loans until Mansfield Town 1861 is in a position to repay the loans owed and operate as a going concern. Furthermore John Radford MTFC Stadium Limited has confirmed that it will continue to support the company financially and provide further loans where necessary for at least 12 months."
Academy Funding remained at £40,000.
Energy Bills increased from £62,871 to £90,25.
Travel and Hotel Costs increased from £34,044 to £57,987. They were £96,326 in 2019.
Repairs and Maintenance Costs increased from £134,707 to £209,360 . They were £362,209 in 2019.
Other expenses (2021 figures in brackets)
Legal and Professional £67,154 (£29,511)
Motor Expenses £48,385 (£36,504)
Trade Subscriptions £54,611 (£26,246)
Rates £13,245 (£9,881)
Telephone and Fax £9,252 (£6,763)
Water £14,478 (£11,144)
Bank Charges £30,736 (£8,557)
Cleaning £17,122 (£6,223)
Printing and Stationery £11,970 (£7)
Accountancy Fees £15,425 (£25,580)
Entertainment £10,425 (£4,602)
Player Registrations and Agents Commissions
Player Registrations and Agents Commissions in 2022 were £95,426
Players signed in 2022 included Lucas Akins, Hiram Boateng, Kieran Wallace and Anthony Hartigan
Figures could included deferred payment or receipt of transfer fees from previous years
2022: Additions: £95,426
2021: Disposals: £193,750
2020: Additions: £26,250. Disposals: £291,985
2019: Additions: £293,750. Disposals: £100,000
LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES
The loans owed to One Call and other group companies fell from £3,723,391 in 2021 to £3,675,509 in 2022. The foorball is club owed £33,816 from fellow group companies.
The football club was owed £517,628 from companies under common control and has provided for £50,000. The football club owed £210,565 to companies under common control.
The football club made sales of £1,883,333 with fellow group companies.
Other creditors amounted to £749,996. This includes £688,017 owed to directors and former directors.
The football club is owed £245,000 from John Radford for unpaid share capital. The football club owes £75,724 to John Radford.
The football club owes £20,000 to Steve Hymas, £20,000 to Mark Burton and £20,000 to Paul and Tina Broughton. (Note: Steve Hymas has stated he does not receive a wage from the football club.)
All loans from directors are interest free and repayable on demand.
RSCPBR and RSCPBR B Limited (Ultimate Parent Companies)
RSCPBR Limited
The ultimate parent company of Mansfield Town was 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
RSCPBR B Limited
The 2023 accounts for the football club filed at Companies House now state that the ultimate parent company is RSCPBR B Limited. The accounts of RSCPBR Limited state that the football club was disposed of on 31st December 2023 along with Mansfield Town 1861 Limited, OC Motor Repair Limited, One Call Rescue Limited, C L Medicall Aid Limited and Green Energy Power Solutions
The directors of RSCPBR B Limited are John Radford and Bill Broughton. The Shareholders are as follows:
John Radford – 13,184,468 Ordinary Shares
Nick Springthorpe – 631,440 Ordinary Shares
Sarah Chadburn - 656,698 Ordinary Shares
Bill Broughton – 681,955 Ordinary Shares
John Parker - 631,440 Ordinary Shares
Mansfield Town 1861 Limited (Immediate Parent Company)
RSCPBR B Limited own all the 100 issued shares in Mansfield Town 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford. Mansfield Town 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited.
John Radford MTFC Stadium Limited
This company owns Field Mill. The sole director and shareholder is John Radford.
A big thanks to John Radford and Carolyn Radford and the other directors for their financial support of the football club.
The ultimate parent company of Mansfield Town was 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
RSCPBR B Limited
The 2023 accounts for the football club filed at Companies House now state that the ultimate parent company is RSCPBR B Limited. The accounts of RSCPBR Limited state that the football club was disposed of on 31st December 2023 along with Mansfield Town 1861 Limited, OC Motor Repair Limited, One Call Rescue Limited, C L Medicall Aid Limited and Green Energy Power Solutions
The directors of RSCPBR B Limited are John Radford and Bill Broughton. The Shareholders are as follows:
John Radford – 13,184,468 Ordinary Shares
Nick Springthorpe – 631,440 Ordinary Shares
Sarah Chadburn - 656,698 Ordinary Shares
Bill Broughton – 681,955 Ordinary Shares
John Parker - 631,440 Ordinary Shares
Mansfield Town 1861 Limited (Immediate Parent Company)
RSCPBR B Limited own all the 100 issued shares in Mansfield Town 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford. Mansfield Town 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited.
John Radford MTFC Stadium Limited
This company owns Field Mill. The sole director and shareholder is John Radford.
A big thanks to John Radford and Carolyn Radford and the other directors for their financial support of the football club.
