Accounts for 2021/22 announced

Bristol Rovers Football Club’s accounts for the 2021/22 financial year were submitted last week, along with the annual report.

You can read the full report on the Companies House website, but below are some of the key points that give an insight into the cost of relegation and the subsequent drive to secure an immediate return to League One, thanks to the investment of our owner, Wael Al Qadi:

• These accounts cover the year from July 1, 2021, to June 30, 2022 i.e. the 2021/22 season where Rovers competed in League Two.
• This season saw some normality return with COVID restrictions being lifted, after they significantly impacted the 19/20 and 20/21 seasons.
• These accounts will be publicly available via the Companies House website.
• These accounts are audited by Yeovil-based firm Old Mill.

SUMMARY:

• The club made a pre-tax loss for 2021/22 of £3.7m, compared to a loss of £1.3m in the 2020/21 season. This was due to a drop in central revenues, a drop in budgeted attendances, removal of COVID grants and no budgeted transfer income.
• Overall losses were in line with budget, however, contractual bonuses paid on promotion led to an overspend.
• Fixed assets have risen from £2.4m in 2020/21 to £2.7m in 2021/22.
• Turnover increased to £6.2m in 2021/22 compared to £5m in 2020/21.