For a second successive year we are delighted to be able to report a year of significant progress for the club. There have been notable achievements across the board and the highlights are set out below in line with the strategy which we launched just over a year ago aimed at becoming The Best Community Centred Development Football club in Scotland.
Performance
Our league form resulted in our highest finish since 1984/85 and a long awaited return to European football via the UEFA Conference League qualifiers. We also reached the ViaplayCup Quarter Finals.
In terms of financial performance, the Operating Profit before depreciation, amortisation and interest of £65,089 (2022/23 £376.382 after remeasurement of Scottish Government interest free loan plus the exceptional receipt of the insurance settlement for The Dome) demonstrates a stabilisation in trading, assisted by increased attendances and improved prize money as a result of finishing 5th in the Premiership. Once depreciation and amortisation, interest payable and interest receivable are taken into consideration, this resulted in a Net Lossof £396,430 (2022/23 Loss £56,582). We are grateful to our fans who have backed the team in increasing numbers since we made the decision to retain three stands for home fans at all matches.
The financial results are all the more pleasing given that we have borne significant costs in terms of the well earned bonuses for players and management as a result of our Top 6 finish and European qualification. The income from the European matches will of course be reflected in the accounts for the year to 31 May 2025.
Finally we have been working more closely with our Women's team and Academy in the shape of greater financial support, training and match day kit, help with governance and sharing of methods on coaching and development.
So, overall a year of progress and achievement. This would not have been possible without the hardwork and
dedication of players, management, operational staff, volunteers, directors and our fantastic fans. Thanks to every one of you!
A copy of the club’s Annual Accounts can be found at Companies House.
