ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
The year to 31 May 2023 was one characterised by significant progress for the Club on and off the park. Accordingly, we are pleased to report results which are well ahead of what we forecast at the last AGM.
As a result of the stringent actions taken by the Board, the Operating Loss of £386,850 (2021/22 - £2,014,127) represents a major improvement compared to last year and the initial budget at the start of the financial year. Once profit on disposals of player registrations and interest receivable are added, as well as interest payable deducted, the Net Loss is £56,582 (2021/22 - £1,598,506). We remain on track to report a break-even trading position in the year to 31 May 2024 as forecast.
A copy of the club’s Annual Accounts can be found HERE.
