City’s headline figure was a reported profit of £432,877 (calculated as the difference between the current “profit and loss reserve“ and the figure from a year earlier). It does not include "donations", however, 394 Sports, the Ugglas holding company reported a loss of £2,131,489 (similar to a year earlier), again accounts don't allow any further breakdown. I'll leave to to put 2 and 2 together to see City's possible overspend (and that is ignoring any Ford family input). Note, speaking on Radio York, finance expert Adam Davis noted £41,000 losses per week which equate to the £2.1m 394 Sports losses.

For most clubs, revenue consists of 3 main elements, match day (ticket sales / refreshments / club shop), club shop and refreshments, brodcast (a samll DAZN deal) and commercial / sponsorship. By far the biggest spend item will be wages and ground (rent / stewards). Transfer money is much more variable. Beyond that, there is very little information other than other that the number of employees dropped to 68 (from 69).

Again, there is no mention of turnover. It is likely to be broadly in the line with recent seasons (say a small increase in gate receipts and a small drop in broadcast revenue (the televised Wigan FA Cup game was a year earlier). Note, the most recent stated turnover figure was £3.847m from 2022/3.

Whilst no breakdown of income is available, it could be assumed that gate / season ticket receipts were about £2m. Stewarding costs and LNER rent will possibly account for about 20% of that, travel to away games could have accounted for another 10%.

A pity that there's no profit or loss account but that’s normal for small businesses, without it, it is impossible to see what, if any, donations the owners made.

Salient points include:

• The use of several fluffy words like "assumed", “likely” and “could". These are used to indicate the lack of clarity and detail in the accounts, a feature of accounts of many companies far bigger than York City
• Don’t shoot the messenger, these are the words a non accountant but a numerate person.