NOTES ON MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023

This is a summary of the Mansfield Town accounts for the year ended 31st December 2023 which were approved at the club’s Annual General Meeting on Thursday 18nd December 2025. These accounts cover the second half of the 2022-2023 season when the Stags eventually finished 8th on 75 points and missed out on the play offs on goal difference by one goal. They also cover the first half of the 2023-2024 season when the Stags were automatically promoted from League 2 by finishing 3rd with 86 points and returned to League 1 for the first time since 2003.

The financial figures for the second half of that season will be in the 2024 accounts. Mansfield Town Football Club has been removed from the One Call Group to reduce audit fees. The financial year end has also been moved back to 30th June which is the normal year end for football clubs. The club had to obtain permission from the EFL to have a 31st December year end.

The accounts for the years ended 30th June 2024 and 30th June 2025 will be approved at the Annual General Meeting on Monday 18th May 2026.

The headlines for 2023 were that the club made a profit of £14,458 compared to a £50,134 loss in 2022 and £45,774 loss in 2021.

PROFIT (LOSS)
2023 £14,458
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 £5,877,771 compared to £5,506,335 in 2022

2023: £5,877,771
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 increased from £1,498,861 to £1,693,197.

2023: £1,693,173
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) decreased from £1,903,454 to £1,406,558

2023: £1,406,558
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 £2,104,190 to £2,778,040. It was £3,081,359 in 2019.

2023: £2,778,040
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 £3,656,096 to £4,025,328. It was £5,083,199 in 2019.

2023: £4,025,328
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 309 compared to 277 in 2022.

Staff whose costs were recharged to group and connected companies were 252 compared to 217 in 2022.


Player Agent Fees

Player Agent Fees decreased from £83,876 in 2022 to £67,093.

2023: £67,093
2022: £83,876
2021: £70,624
2020: £56,903
2019: £133,840
2018: £135,652


Player Medical Costs

Player medical costs increased from £73,283 to £106,057

2023: £106,057
2022: £73,283
2021: £46,830
2020: £92,712
2019: £94,446
2018: £82,966


Management Charges

Management Charges dropped from £54,178 to £50,951

2023: £50,951
2022: £54,178
2021: £48,066
2020: £36,050

We understand this money is paid to Mansfield Town 1861 Limited so it can pay for the wages and costs of running corporate hospitality and the catering kiosks and bars. It also pays for the chefs and players' meals at the training ground at Pleasley.


Rent for Field Mill

It was good to see that the rent to John Radford MTFC Stadium Limited for the football club using Field Mill dropped back to £47,210 after shooting up to £240,000 in 2022.

2023: £47,210
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 decreased from £90,255 to £73,263

Travel and Hotel Costs increased from £45,041 to £50,209.

Repairs and Maintenance Costs decreased from £209,360 to £165,503.


Operating Leases
Money spent on non-cancellable operating leases had been reduced to around £2.5 million in 2023 which was down from £11.7 million in 2022. Jim Beachill was going to provide more information about these leases.


Bad Debt
A bad debt of £200,484 had been written off. More information was going to be provided.


Other expenses (2022 figures in brackets)
Legal and Professional £64,309 (£67,154)
Motor Expenses £43,952 (£48,385)
Trade Subscriptions £55,499 (£54,611)
Rates £9,947 (£13,245)
Telephone and Fax £8,851 (£9,252)
Water £13,867 (£14,478)
Bank Charges £36,783 (£30,736)
Cleaning £28,167 (£17,122)
Printing and Stationery £1,910 (£11,970)
Accountancy Fees £17,875 (£15,425)
Entertainment £5,199 (£10,425)


Player Registrations and Agents Commissions

Player Registrations and Agents Commissions in 2023 were £205,743

Players signed in 2023 included Alfie Kilgour, Callum Johnson, Louis Reed, Davis Keillor Dunn, Will Swan, Calum MacDonald, Baily Cargill, Aaron Lewis, Christy Pym and George Williams.

Players sold or released in 2023 included Ollie Hawkins, George Lapslie and Kellan Gordon,

Figures could include deferred payment or receipt of transfer fees from previous years

2023: Additions: £205,743
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 companies under common control is £3,633,606 It was £3,675,509 in 2022.

The football club was owed £28,504 from group undertakings.

The football club is owed £733,307 from companies under common control and has provided for £250,000 for the amounts owed (2022: £50,000).

The football club made sales of £2,180,909 with fellow group companies.

The football club incurred management charges of £50,951. (2022: £67,001).

The football club paid rent for Field Mill to John Radford MTFC Stadium Limited of £47,210 compared to £240,000 in 2022.

The football club made £40,000 contributions to the Academy.

Other creditors amounted to £741,267. This includes £688,017 owed to directors and former directors. The amounts owed are interest free and repayable on demand.

The football club is owed £267,939 from John Radford and other shareholders for unpaid share capital.



RSCPBR and RSCPBR B Limited and RSCPBR C 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 now 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

Note: The accounts recently filed at Companies House for the year ended 30th June 2024 now state that the ultimate parent company is now RSCPBR C Limited.


Mansfield Town 1861 Limited (Immediate Parent Company)
RSCPBR B Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield Town 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 thank you once again to John Radford and Carolyn Radford and the other directors for their financial support of the football club.


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