The Club has submitted its annual report and financial statements for the year ending June 2021.
Football and Operational Highlights
- The Club finished the league in 3rd position, reaching the playoff semi-final.
- We enjoyed a successful FA Cup run, narrowly losing to West Ham in the 3rd round.
- Despite significant challenges resulting from the COVID pandemic, the club invested £1.6m in upgrading key revenue-generating and fan-facing areas of the Stadium.
- The Club secured a Championship grade training facility in Carrington on a medium-term lease and invested £140k in upgrades to the facility and machinery.
- Over 2,000 season tickets sold, representing an increase of 16% from the previous season.
- Praise was given to season ticket holders who supported the Club despite COVID restricting them to watching games via live stream and only experiencing two games at Edgeley Park.
- Commercial Partners stood by the Club throughout the season despite games being played behind doors.
- The County Community Trust was established as the official affiliated Charitable arm of the Football Club.
Financial Highlights
- Turnover increased to £2.1m (2020: £1.4m).
- Group operating loss increased to £2.6m (2020: loss of £0.6m)
- Total Assets increased to £2.1m (2020: £0.4m)
- Creditors more than 1 year increased to £3.4m (2020: £0.0m)
This includes a £727k loan from Sport England – Sport Winter Survival Loan & a £50k Bounce Back Loan.
- The Club is now swapping a £2.6m loan from owner Mark Stott to equity as was committed to. This means the Club will not need to pay back any of the investment made by the owner.
- The only debt left in the Club is the Sport Winter Survival Loan and the Bounce Back Loan.
These are the accounts published for year ending June 2021. The accounts show turnover increasing by £700k to £2.1m. The increase is mainly driven by grant funding, streaming income, FA Cup broadcasting income and strong retail sales. This is despite a sharp reduction in ticketing income due to games being played behind closed doors, or reduced capacity crowds for the entire season.
Jonathan Vaughan, CEO said…
“The 20/21 season was an extremely difficult one for all involved as a result of the challenges presented by COVID. Despite this, the Club achieved a number of its key objectives in upgrading Edgeley Park, securing a tier-one training facility to see us through the next period of growth, and establishing its new charitable arm.
“I would like to take this opportunity to thank all fans and sponsors who supported the Club throughout the season with the purchase of season tickets, streaming passes, and retail purchases.”
