27-02-2023, 13:55
(26-02-2023, 21:37)Dancingwilldoit Wrote: According to the chairman's report the true los was closer to £1 mill but doesn't say why. There is also no mention of a plan to reduce our overhead to stem any losses.
There's also a note from the auditors that in their opinion an amount of nearly 600k which has been amortized over a few years could be due at anytime.
Best of all the figures include an insurance payout of just under 500k.
Taking everything into account I reckon the loss is a damn site nearer to 4 million rather than 1 million.
So basically we can't really afford to sack the manager or his staff, because we'd have to pay both them and anyone employed in their place. That's the only convincing argument I've seen for not sacking our manager.