Figures released on their Official Site show that the Conference club have made a loss of £940.482 in the year ending 30th June 2008.
The report goes on to say that the continued funding of management, new players and loan players will result in a similar loss during the season just ended.
"Whilst we managed to recover from a disappointing first two months of the season, our attempts to gain a big pay-day via promotion, a play-off final or an FA trophy did not materialise."
It is understood that the figures for the year ending 2008 included player wages of over £1.2m, management costs of nearly £350k and operational staff costs of over £500k.
One of three new directors has been charged with the task of reducing losses to a manageable level and within two years to make the Club profitable.
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