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Newport County AFC's annual accounts

3 December 2020

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.

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