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Club News

Accounts released

10 December 2018

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The accounts for the financial year ending June 30, 2018 have been released.

CFC 2001 Limited closed the year reporting a loss of £1,061,270 compared to a loss in the previous year of £506,735.

Turnover was down by £756,170 on the previous year. Cumulating from reduction of gate and season ticket revenue of £134,602, TV and Football Awards monies of £302,899, Commercial Income was lower by £138,735 and other income down by £334,236.

Transfer monies received increased by £154,302.

Employment costs were reduced by £291,147 in the 12-month period.

Debenture loans increased by £1,287,948 with Dave Allen injecting £1.3 million into the company in the year. There was no interest payable to Mr Allen or A&S Leisure during the year.

Former directors were paid £229,418 within the year, with interest only accruing to one.

The rent and interest due from the Community Trust increased in the year by £20,684 to a balance of £127,159.

The full set of accounts will be posted out to the Shareholders at least 21 days before the AGM to be held on Monday, January 14, 2019.

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