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$DIBB LUPTON BROOMHEAD / Av4 f\V£ - Hillsborough Independent ...$

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e Sheffield Wednesday Football Club plc Report of the Directors The directors present herewith the ~u.rd-ded accounts of the company for the year ended 31st M~, 1985_ Fman,"~ai Results and Dividends The revenue account is set out on page 3. The directors recommend no dividend be paid. Renew of the Year The principal aCtivilT of your company continues to be that of a professional football club. The Season 1984/’85 will be remembered by all COnnected with the cJub for our success,=ul return to the 1st DiviSion _after fourtee..n yeats absence. We finishS, in eighth po$’rtiort: a very {;;redit~e p’=..rfo~ce in our f~r~ ~ back m the top fl=ght when we were challenging for a place =n Europe unb’l vb/ually the last match. In the M3lk Cup we again re~ched the quarter FmeL eventu~iy losing to Chelsea after three memorable games which were each watched by crowds in excess of 36,000. in the F.A. Cup a 3-2 away defeat at the hands of Ipswich Town saw our exit in the fifth round. Our Central and Northern lntermed’~te sides also had better se~ons finlShing 6th and 9th in their respective leagues. Nigel Worthin~ on r~ his Northern lrPJand lntemationa.1 Cap whilst Tony Gregory and Kevin Pressmar, both received their.England Youth International Caps. The average home gate for league matches was 27,000 and our supporters received national acclaim for their exeml~lary conduct by being awarded e "Top of the Kops" award by a leading national newspaper_ Our succe.ssful SP_P_.~% however, hP..s been temj:P._J’ed by ~vP~e crowd disturbances at matches in which o~ club h_~d .not been t~ldng p_.art and in pa~tlmular by the ~gic di,~=~’ters at the Bradford City ground and the Heysel Stadium Tn Belgium. l ne subsequent re-actions by H.M. Government and the football authorities will have far reaching effects on soccer generally in this country and may inevita.bly adversly affect our club at least in the short term. Financially oLrr year was ~dSO very satisfactory showing a surplus before tax of £498.579 despite having paid out transfer fee~ to,ailing £667,750 against those received of ~_592,500. The Giub continued with its policy of improving the a.m~nities for spectators by spending the sum of £492,000 on additional faro]fries. The directors wish to th~nk, on your behalf, aJl the players and st~.ff for the3r excellent efforts during the season and in pardculaz Howard W]rkinson, our manager, and DiCk Chester, our secretary, for the very creditable achievements. Directors Directors who held office during the year and their benefice! interest in the sh~re Capita! and Oebentures at the end of the year are as shown below:.- H. E. McGee M. Sheppard S. L Speight C. Woodw-ard K_ T. Addy E. B~.r~on G_~K. Hulley Ordinary shares Debentures Ā’ Nominal "~" Nominal Nominal No. value NO. v~ue No. value £ £ S 7 70 5 500 12 120 2O 2,0O0 6 6O0 2 20 2 200 4 40 10 1,00O 9 90 12 1,200 1 10 7 700 2 20 3 300 2 2OO 37 370 59 5,g00 B 800 The only change to the directors’ ~nterest in the share capital and debentures in the year was a purchase by K. T_ Addy of 2 ’A"Ordinat3, shares. The directors who retire by rotation ere Messrs M. Sheppard and C. L Woodward who, being ellg~le, offer themselves for re-election_ Fixed Assets The c h.a.nges that .occurred in the fixed assets during the year are set out on pages 6 & 7. In view of the spedalised use or me t~eeno~o tuna and buildings at Hillsborough, the directors are unable to give an indi~.tion of the excess of Ihe market value over book vaJuP~ The buildings w=-ll continue ~0 be maintained to their present standard end it is not considered appropriate to provide depreciation on the freehold stadium. Auditors A resolution to re-appoint the auditors, Pa.nnell Kerr Forster, v, rill I~ proposed at the annual general meeting. By Order of the Board, FL H. CHESTER, Secxet~ry H~llsborough, Sheffield $6 1SW. 22nd August, 19~5. (]EWL](].’IS (I.qOKI~’H -’- E[3dO0.) .%~V .\V(I t)gO~ 9~;6 7L(}~, 60 0; ": _: :.
Sheffield Wednesday Football Club p]c Income Match receipts Season tickets Transfer fees receivable Miscellaneous income Operating Income Donations from development associations Total Income Expenditure Wages and salaries Football expenses Ground and property expenses General administration expenses Depreciation and toss on disposal of fixed assets Transfer fees payable Total Expenditure Surplus Before Interest Income from fixed asset investments Other interest receivable Interest payable Surplus Before Taxation Taxation Surplus After Taxation Transfer to debenture redemption reserve Surplus For The Year o -...o . o 3 Notes 3 5 6 7 9 17 18 ¯ o° . o . o’ ¯ Revenue Account Year ended 31st May 1985 o. o 1985 £ 1,~s,492 453,020 592,500 4O4,029 2,766,041 103,872 2.,869,913 I - 904,335 280,073 356,107 113,788 106,599 667,750 2,428,650 441,263 9,717 78,372 (30,773) 57,316 498,579 22,841 475,738 9,063 466,675 o 1984 £ 1,119,469 199,564 2O7,50O 268,000 1,794,533 105,407 1,899,940 839,119 243,216 138,537 83,99O 33,971 475,150 1,813,983 85,957 9,851 35,99t (11,868) 33,974 119,931 119,931 6,956 112,975 60. 0 ~,
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Page 360 and 361: @ 0 Shefflold Wednenday Football Cl
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Page 370 and 371: ~00 Sheffield Wednesday Football Cl
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Page 378 and 379: 9tO[~ 1 Sheffield Wednesday Footbal
Page 380 and 381: e Sheffield Wednesday Football Club
Page 382 and 383: o~,o I~ Sheffield Wednesday Footbal
Page 384 and 385: e g ~o~ Sheffield Wednesday Footbal
Page 386 and 387: i:i:~ : - P~ KERR FORStt~ Chartered
Page 388 and 389: Q O Sheffield Wednesday Football Cl
Page 390 and 391: Sheffield Wednesday Football Club p
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Page 410 and 411: J SHEFFIELD WEDNESDAY F.C. PLC ACCO
Page 412 and 413: il i I
Page 414 and 415: 3~ ° . ADD Financial year ending 3
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