Audited accounts

1
Just published on the club website:

https://www.newport-county.co.uk/news/2 ... -accounts/
The audited accounts for the year ended 30th June 2019 have now been completed and will be filed at Companies House this week.

The submission of these has been delayed as a result of operational and staffing issues faced by both the club and its auditors as a consequence of the pandemic.

Turnover for the year increased by 49% on the previous year to £4,803,488, whilst operating and other costs increased by 22% to £3,836,768. As a result, the profit for the year is £967,208 compared with £82,680 in 2017-18.

The club employed 107 paid members of staff during the year together with 11 directors, who operate on an unpaid voluntary basis.

The cash generated from this period, in conjunction with prudent financial management, has helped to reduce the impact of the restrictions faced by the club as a result of the Covid-19 pandemic.

Re: Audited accounts

13
Frank Nouble 3 wrote:
County-at-the-races wrote:FA Cup and TV money has certainly helped the last few seasons
Decent money from the Mickey Mouse Cup last year which a lot on here failed to appreciate.
Daft comment. Think we picked up about £120k from the pisspot. For a relatively disappointing season overall we did ok in the cups financially with West Ham, Grimsby, Maldon and Salford games live on tv.
Approx £625k made from the cups last season.

Re: Audited accounts

15
faerun exile wrote:
faerun exile wrote: 15/16 +£340k
16/17 -£351k
17/18 +£82k
18/19 +£967k
19/20 ?
Quite incredible numbers tbh in a money pit of an industry. As previously reported elsewhere with £600k+ revenue from the cup runs last season we should make a profit in 19/20 pending effects of Covid.

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