Some general observations:
The enormous value of our player sales (£5.7 for one year is mad, up from £670k) is basically entirely accountable for our profit. Given our overall profit/loss improvement was about 5.7m, and the net improvement on the player sales figures was about £5m, it's pretty clear how essential it is that we sell players every year to stay afloat. Selling nobody in the previous financial year for any particular value is almost entirely the reason for our losses of over £4m in that year. Worth noting too that our turnover was about £850k higher than the previous year, which you would imagine is due to cup runs and televised fixtures. It's not insignificant that that figure accounts for almost half of our net profit - extremely useful moneyspinners.
I'm quite surprised that our 'payments in respect of player contracts', which I presume indicates the amount we paid for players we brought in, more than tripled year-on-year. I can't remember what fees we paid for players that summer (Gorrin and Fosu were on frees, weren't they? Maybe Agyei or Moore?), but I certainly can't remember it seeming like triple the amount of the previous season. Presumably this figure includes agents' and loan fees paid out when acquiring free agents and loanees, which perhaps also explains our very high agent costs (as released last month).
The £270,000 freehold property is very interesting. I'm no expert, but it certainly appears as if land has been acquired ('Tangible assets' on the balance sheet increasing by about £350,000). I did wonder whether it might be the training ground, but
that's a leasehold (though we did agree a new lease in that financial year).
Finally, Note 14 at p.17 seems to indicate that we are net up on transfers of players from the date of these accounts to the tune of about £1.2m. That presumably accounts for the Dickie and Obita money, as well as how much of that was re-invested in the likes of McNally, Clare and Cooper. I'm a bit torn on this - on the one hand, that's a solid profit on player sales in one 12 month period, especially in the current COVID environment. But on the other, I can't help but feel that that represents a slightly disappointing return on a central defender who will probably be playing in the Premier League in a year or two's time. It also rather highlights how precarious our model can be - Cooper we're unlikely to see any return on and Clare won't be sold for significantly more than we bought him for, you wouldn't think, if anything. Which puts a lot of pressure on McNally to be our next big sale.