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Hereford FC held their AGM this evening. On the agenda were the 2024/25 accounts which were recently completed.
More comprehensive figures from the accounts will be available from Companies House in the next week or so.
However the profit and loss figures are unlikely to be made public in full although the club may release some of the figures later this evening.
Below are some of the main points:
Turnover £1,438,575 (Last year - £1,398,604)
Cost of Sales £983,598 (LY - £959,863)
Gross Profit £455,159 (LY - £438,741)
Admin Expenses £362,684 (LY - £374,758)
Other Income £43,634 (LY - £54,309)
Operating Profit £136,109 (LY - £118,292)
Interest Income £10,242 (LY - £6,275)
Tax on Profit £Nil (LY - Nil)
Profit For The Year £146,351 (LY - £124,567)
Shareholders funds have risen to £277,441. Below are the figures to show how that has happened.
FIXED ASSETS:
Tangible Assets £123,006
CURRENT ASSETS:
Stocks £43,886
Debtors £92,539
Cash At Bank £274,256
TOTAL ASSETS: £415,682
CREDITORS:
Amounts due within one year £261,246
NET ACCOUNT ASSETS:
£154.435
TOTAL ASSETS LESS CURRENT LIABILITIES:
£277,441
SHAREHOLDERS FUNDS £277,441 (LY £131,090)