18/19 Accounts Release

NEWPORT County AFC has published its annual accounts for the year ending June 2018.

The accounts show the club made a profit for the year, thanks largely to its run to the fourth round of the FA Cup which ended in a replay defeat against Premier League Tottenham Hotspur at Wembley.

County’s turnover increased by £906k compared to 2017 primarily as a result of the cup run. Without this additional income the club was on course to suffer a further loss of £350k for the year.

Operational and other costs incurred as a result of the FA Cup run were £264k and stadium and pitch related costs increased by almost £203k compared to the previous year.

The net profit for the year after deduction of these and other costs was £82k.

The Junior Academy was incorporated into the club during the financial year. This contributed both to the turnover and costs increases, included adding 32 to the average staff numbers for the year ending June 2018.

Average staff numbers always include directors, even if they are unpaid. For clarity, all club directors – whether elected or co-opted – are volunteers and none receive any salary or expenses.