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Post by pirate49 on Oct 9, 2017 13:48:40 GMT
Are you sure? You may want to ask him that question directly. As for the rest of it, as you say, we are poles apart, but it doesn't matter, I'll happily concede the point, my position is redundant as the SC fails under it's own terms, the failure to maintain 199 and then selling it without consulting its membership demonstrates that. That's before we even start on the failings highlighted here by other contributors. The SC needs to take a long hard look at itself and decide what it wants to be. It can carry on as it is and become progressively more irrelevant to the majority of supporters, or it can modernise and fulfill its potential. Before Harry jumps in again with his usual stuff about people standing in the rain selling tickets etc, nobody is questioning the dedication of those supporters, it's the organisation of time and energy, what the objective is and whether best use is being made of their time and skills that we should maybe be looking at. Will be interesting to check the accounts this year.
Here you go.................. bristolroverssc.co.uk/2017/10/05/agm-financial-report-of-brsc/
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Deleted
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Post by Deleted on Oct 9, 2017 14:14:32 GMT
Oh dear so the proceeds of 199 are disappearing down a black hole. Action needs to be taken fairly soon if the SC isn't going to have to close itself down. Signed a slightly concerned SC member.
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Deleted
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Post by Deleted on Oct 9, 2017 14:23:32 GMT
So there was a loss of 19053 pounds can someone explain to me what an impairment review is
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Deleted
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Post by Deleted on Oct 9, 2017 14:28:21 GMT
So there was a loss of 19053 pounds can someone explain to me what an impairment review is An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet. Accounts that are likely to be written down are the company's goodwill, accounts receivable and long-term assets because the carrying value has a longer span of time for impairment.
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Peter Parker
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Richard Walker
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Post by Peter Parker on Oct 9, 2017 14:28:42 GMT
So there was a loss of 19053 pounds can someone explain to me what an impairment review is simplistically I would describe it as it's a write off. It's a reduction in the net value of assets
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Post by Portishead Pirate on Oct 9, 2017 14:39:03 GMT
So there was a loss of 19053 pounds can someone explain to me what an impairment review is simplistically I would describe it as it's a write off. It's a reduction in the net value of assets Correct. It's the writing down of the carrying value of the shares acquired in BR 1883 - from the price paid (Share Scheme Agreement with BR 1883) to the nominal value of said shares (10p Ords.). Debit Impairment (P&L) Credit Investments (B/S) PP
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siamman
Joined: October 2017
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Post by siamman on Oct 9, 2017 14:39:50 GMT
Ok so let's shut the supporters club down because a few people wanth that tone happen and break in mind there are in excess of 1500 members in the club being told what to do by approximately 12 forum posters. If the club is losing money then all it has to do is ask it's members if they are prepared to pay an increased membership fee to cover the losses not a problem. As has been said many times by numerous people if you want to change the direction of the supporaters club then join up and put a proposal to the a.g.m.won't hold my breathe for that to happen. As regards the football club taking over let's see what happens it was tried years ago and was a shambles so why would it be any different now.after all the supporters club is meant to be for its members and run independently from the football club take that away and all you are doing is putting money into the club with no accountability
I can read the accounts though and I am pretty sure the membership voted to increase the fee from £7 to £10 in the past couple of years. They could vote to increase it again, but at what point do people think the value for money/benefit for the cost is too much?
There must be a fair few who join just to use the sc coaches,£5 per away game extra for non members so a huge saving made if you go to a lot of games.Therefore another small increase would not deter any of these imho.
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Deleted
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Post by Deleted on Oct 9, 2017 14:59:47 GMT
So there was a loss o booksbf 19053 pounds can someone explain to me what an impairment review is simplistically I would describe it as it's a write off. It's a reduction in the net value of assets Strange figures 19000 loss 19000 write off I am no financial wizard but that looks like no loss at all just balancing the books to suit the tax man
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harrybuckle
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Post by harrybuckle on Oct 9, 2017 15:13:42 GMT
There are more questions than answers-Johnny Nash
some of these dissenters need to come to this SC AGM on 19 Oct and lets have a whip round
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Deleted
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Post by Deleted on Oct 9, 2017 15:42:26 GMT
There are more questions than answers-Johnny Nash some of these dissenters need to come to this SC AGM on 19 Oct and lets have a whip round Don't be silly harry you know that won't happen. Simon apart who I know has put in work over the years and who's opinions I accept and respect the rest won't pop up from behind their keyboards. If I am not working that night will see you there
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Post by fatherjackhackett on Oct 9, 2017 15:46:55 GMT
Are you sure? You may want to ask him that question directly. As for the rest of it, as you say, we are poles apart, but it doesn't matter, I'll happily concede the point, my position is redundant as the SC fails under it's own terms, the failure to maintain 199 and then selling it without consulting its membership demonstrates that. That's before we even start on the failings highlighted here by other contributors. The SC needs to take a long hard look at itself and decide what it wants to be. It can carry on as it is and become progressively more irrelevant to the majority of supporters, or it can modernise and fulfill its potential. Before Harry jumps in again with his usual stuff about people standing in the rain selling tickets etc, nobody is questioning the dedication of those supporters, it's the organisation of time and energy, what the objective is and whether best use is being made of their time and skills that we should maybe be looking at. How do you know members weren't consulted was it because you weren't asked your opinion I’ve been a member for the past two seasons. Not once has my opinion been asked for on any topic, as a member or otherwise.
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Deleted
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Post by Deleted on Oct 9, 2017 15:50:30 GMT
How do you know members weren't consulted was it because you weren't asked your opinion I’ve been a member for the past two seasons. Not once has my opinion been asked for on any topic, as a member or otherwise. Only 2 maybe they think you are still an apprentice and wonto have an educated opinion till you have done your 5 years
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Peter Parker
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Post by Peter Parker on Oct 9, 2017 16:08:52 GMT
simplistically I would describe it as it's a write off. It's a reduction in the net value of assets Strange figures 19000 loss 19000 write off I am no financial wizard but that looks like no loss at all just balancing the books to suit the tax man But that money isn’t going to reappear. Below is some accounting explanation, but simplistically BRSC is eating itself. A lot of BRSC’s cash position (now they have retrieved the monies) I would assume is down to the sale of 199, which I thought is supposed to be ring fenced for use at a new stadium/redeveloped Mem for SC facilities Fair market calculation is key; asset impairment cannot be recognized without a good approximation of fair market value. Fair market value is the price the asset would fetch if it was sold on the market. This is sometimes described as the future cash flow the asset would expect to generate in continued business operations. Another term for this value is "recoverable amount." Once the fair market value is assigned, it is then compared to the carrying value of the asset as represented on the business' financial statements. Carrying value does not need to be recalculated at this time since it exists in previous accounting records. If the calculated costs of holding the asset exceed the calculated fair market value, the asset is considered to be impaired. If the asset in question is going to be disposed of, the costs associated with the disposal must be added back into the net of the future net value less the carrying value. Impairment losses are either recognized through the cost model or the revaluation model, depending on whether the debited amount was changed through the new, adjusted fair market valuation described above. Even when impairment results in a small tax benefit for the company, the realization of impairment is bad for the company as a whole. It usually represents the need for an increased reinvestment.
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Deleted
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Post by Deleted on Oct 9, 2017 16:14:53 GMT
Strange figures 19000 loss 19000 write off I am no financial wizard but that looks like no loss at all just balancing the books to suit the tax man But that money isn’t going to reappear. Below is some accounting explanation, but simplistically BRSC is eating itself. A lot of BRSC’s cash position (now they have retrieved the monies) I would assume is down to the sale of 199, which I thought is supposed to be ring fenced for use at a new stadium/redeveloped Mem for SC facilities Fair market calculation is key; asset impairment cannot be recognized without a good approximation of fair market value. Fair market value is the price the asset would fetch if it was sold on the market. This is sometimes described as the future cash flow the asset would expect to generate in continued business operations. Another term for this value is "recoverable amount." Once the fair market value is assigned, it is then compared to the carrying value of the asset as represented on the business' financial statements. Carrying value does not need to be recalculated at this time since it exists in previous accounting records. If the calculated costs of holding the asset exceed the calculated fair market value, the asset is considered to be impaired. If the asset in question is going to be disposed of, the costs associated with the disposal must be added back into the net of the future net value less the carrying value. Impairment losses are either recognized through the cost model or the revaluation model, depending on whether the debited amount was changed through the new, adjusted fair market valuati on described above. Even when impairment results in a small tax benefit for the company, the realization of impairment is bad for the company as a whole. It usually represents the need for an increased reinvestment.You lost me on first line paragraph 3
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Deleted
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Post by Deleted on Oct 9, 2017 16:15:46 GMT
12 keyboard warriors jesus we're dropping like flies down from 50
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Deleted
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Post by Deleted on Oct 9, 2017 16:18:07 GMT
12 keyboard warriors jesus we're dropping like flies down from 50 Even 50 against 1500 members in anext average crowd approaching 9000 is insignificant
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Oct 9, 2017 16:20:57 GMT
Hey Padstow
You've really sold the BRSC to me. Where do I sign-up to this fun and tolerant group of like-minded men? You have got to be in it to change it, as you say Enlightening. Will Joe 90 be nominated for election as new Supporters Director, as he is just the type of new blood I was referring to. Move on.
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Deleted
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Post by Deleted on Oct 9, 2017 16:46:26 GMT
12 keyboard warriors jesus we're dropping like flies down from 50 Even 50 against 1500 members in anext average crowd approaching 9000 is insignificant insignificant ?, we got right under the skin of those cretins higgs/boycie and wonga , that'll do me
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Deleted
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Post by Deleted on Oct 9, 2017 17:03:21 GMT
Even 50 against 1500 members in anext average crowd approaching 9000 is insignificant insignificant ?, we got right under the skin of those cretins higgs/boycie and wonga , that'll do me If that's what you believe then fine
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Deleted
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Post by Deleted on Oct 9, 2017 17:25:04 GMT
Does the Supporters Club issue any notification of the AGM? You know: A simple email, press statement, text even. I've never had one and don't buy a programme often.
Thanks.
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