Northampton Town Football Club have filed financial statements for the year ended 30th June 2022.
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After a season where football was forced behind closed doors because of the Covid 19 pandemic, the 30th June 2022 financial statements cover the 2021/22 season, where supporters were able to return to matches and matchday and non matchday activities of the club slowly got back to more normal conditions. However the year was not without its challenges, with the impacts of the pandemic still being felt as well as rising inflation and significant cost increases.
As a result of the return of supporters, income increased by 19% compared to the previous financial year. While the bottom line outcome for the year showed a loss of £150,708 this followed a comparative profit the previous year so to show a basically breakeven position over these two very tough years is significant.
The auditors detail in their report, as they are required to do in each year, that the club is reliant on the support of the owners. This support allows the club to meet its financial obligations and invest in a competitive playing budget and capital projects such as recent and ongoing training ground improvements. The support from the owners is through interest free loans.
During the period that these financial statements cover two directors were appointed to the board. The first being the appointment of Chief Executive Officer James Whiting. The second was the creation of a new position of Supporter Elected Director. Following a vote by supporters, Tom Cliffe was appointed to the board. This new role has proved a huge success providing benefits to supporters and to the club, creating closer links and effective communication across the support base.
The club would like to place on record their sincere thanks to all supporters who backed the club so fantastically throughout the 2021/22 season and to all partners, sponsors and other stakeholders for their continued support.
Chairman Kelvin Thomas said: “Our fans have been magnificent during what has been a very challenging and tough few years. To back the club the way they have is wonderful and shows the spirit and togetherness in the town and the club.
“We must also thank James and all the staff and volunteers who help drive the club forward day to day. From the Community to the First Team, everyone at this club works together and to come through these challenging times with a sound financial position while also investing in the club, winning European community awards and competing at the top end of the division shows you that fundamentally this is a very well-run football club which is well respected in football.”