"We made a loss of £117,289 for the year to June 2003, compared to a loss of £14,225 the previous year. This was almost entirely due to a rise in players' earnings from £303,923 to £416,794. Turnover remianed almost exactly the same at just under £500,000. Despite the 13% rise in attendances to 2072, overall income did not increase, as we did not have an F.A. Cup run. If we had reached the 2nd Round in 2002-03, as we did last seasonthis would have brought in en extra £50-65K due mainly to prize money. Alternatively, the club would have needed gates of around 2,800, at last year's prices, to break even.
So should we be worried? I would say probably not. However, it does explain why the club said that there could be no increase in the playing budget at the start of this season. With admission charges up from £8 to £10 for adults and a rise to attendances of 3300, I reckon that gate money for league games alone will be up by £250,000 for this season. There will also be our cup income to add in."