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OAFC Latest Accounts


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Just to confirm that these accounts, which are over 12 months old are both abridged and unaudited:

 

abridged accounts. Accounts that cover a full accounting period but omit detailed financial information.

 

Audited accounts are prepared by an accountant and are then audited, which is process whereby they check a random number of transactions have been processed accurately. Unaudited accounts are also prepared by an accountant but they take your word for it that the transactions are all correct.

 

In other words these accounts are edited / censored and have also not been checked to if they are true / accurate. Keep smiling ladz.

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4 minutes ago, dannyboy55555 said:

Do most clubs audit them? Surely that should be part of the rules or what’s the point?

Small companies exemption.  We qualify as a small company, hence no legal requirement for an audit.  Them's the rules.  

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8 minutes ago, dannyboy55555 said:

Do most clubs audit them? Surely that should be part of the rules or what’s the point?

Its not just football.. Its all business accounts...

 

***

 

The trust agreed six principles in their meeting with Al. Number one was transparency and openness. He kicks off with abridged and unaudited accounts... 

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So so late and they didn't even go through auditing. Laughable stuff. Not suggesting they are hiding things but does show what a farce it all is that in all that time it's come out as something that's pointless.

 

"Debts?"

"Errr, put 3 million, sounds right doesn't it Mo? Yeah 3 million"

 

At least Bury got a promotion season.........

 

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