The accounts for Chesterfield’s financial year ending June 30, 2018 have been released and they don’t make for good reading.
CFC 2001 Limited closed the year reporting a loss of £1,061,270, a 100 per cent increase compared to the previous year’s £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 with commercial income lower by £138,735 and other income down by £334,236.
Transfer monies received increased by £154,302 and 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.
Tagged Chesterfield FC