muddling of TFT and Jack Dyer in financials
Sorry but not sure what you mean by "muddling" in the financials?
Putting my accountants hat on here under the legal requirements (corp law) and by extension accounting standards there is no muddling of any numbers
All those revenues are recorded and declared as they must be under the law
People may not like it but it is never the less the law - club is leaglly obligated to follow
As I have posted many times over the years. Funds received into the JDF are controlled by the club and as such they must be shown separately in the accounts (which they are) and included as part of total revenue. This is the law. Further use of the JDF funds is controlled by a deed issued by the ASF that stipulates what the funds must be used on. This point is clearly expalined in the Full financials
Re the FTF this is simply a revenue stream of the club and as such is recored as revenue
Should the club disclose the actual FTF amount each year in the financials? Again have said many times yes they should, without question.
but as it stands right now as the accounting standards are written the Club only have minimum obligations to follow as to disclosing and reporting and they follow those requirement.
I will confess that I do get frustrated when people throw up this chestnut every year, that somehow the numbers are "muddled", "fudged" etc because that is simply not true.
Yes we dont get great detail, though if you get the full financials as opposed to the concise ones you get greater information/detail but as it stands the club are doing what they required to do legally and uless the law changes it wont be changing unless they choose to.
Finally, can I add that if I had any say in it I would change immediately because I reckon we deserve more detail
