It is unfortunately difficult to reconcile the differences between financial documents prepared for taxing authorities, and those prepared according to Generally Accepted Accounting Principles (GAAP). GAAP exists to provide transparency to the financial performance of different entities. GAAP provides a common set of rules for all financial transactions. In the US the SEC provides this information so that investors can make informed decisions about investments. This is real accounting, tax accounting plays by whatever rules the politicians make up.
We're in a tough spot here because we're dealing with at least two tax systems and by my count four sets of money (US, UK, Croatia, and Euro). As a retired financial professional it is my opinion that Lloyd (and anyone else accepting donations from the public) owes his investors financial transparency. This is a matter of ethical integrity, not law. This would mean a full accounting for all income and expense, backed up by bank statements.
Frankly, I think Patreon should be demanding this of everyone they do business with. I think the donors should be allowed to see this information before sending anyone a nickel. If I was donating money I would ask this of the company, if receiving funds I'd provide it. I know Evans will say this is his private business, but that is not true as long as he's asking the public for money, it becomes their business. Go to a bank and get a loan to buy a house, then see how much information you need to supply. Same thing, when you ask people for money, they get to demand answers to their questions.
None of what I've said here should be construed as an accusation, it's a request to clear the air by being transparent.
Edited to add: a question came up with regard to depreciation, was the number provided high? Absent full financials, that question can't be answered. Lets say that depreciation is $12000. Is that a $36000 car depreciated over three years, or a three hundred sixty thousand dollar house deprecated over thirty years? You can't tell from just the expense number.
