Rangers announce a loss of Â£50,000
Berwick Rangers have announced a loss of almost Â£50,000 for the financial year2017-18..
Figures posted with Companies House show the club, before tax, made a loss of £49,796, which compared to a loss of £89,553 in 2016-17.
This was despite an increase in revenue from the SFA/SPFL, which went up from £88,000 to £113,000, whilst donations from the Berwick Rangers’ Supporters’ Club rose from £31,000 to £34,000 and from the Berwick Rangers’ Trust from £4,000 to £6,600.
Poor cup runs were cited as one of the reasons for the loss.
Turnover for the year rose from £290,000 to £299,000, but wages went up from £212,000 to £230,000. Over the period the average number of employees during the year stood at 30, compared with 25 in the previous 12 months.
Matchday receipts were down by £1,000 at £57,332,
Advertising and sponsorship rose slightly to £45,000 but there was a reduction from £10,500 to £6,200 in the Black & Gold Bond Scheme, whilst merchandising was halved more than halved to £4,000. Bar taking were also down by £5,000 to £14,000.