Wrexham AFC Limited is pleased to publish our financial statements for the year ending 30th June 2018.
The financial statements show that the main source of income continues to be gate receipts and the improved performance on the pitch resulted in income from matches increasing by 26% on the previous season. Overall income was down but this was due to a reduction in transfer fees and prize money, none of which was budgeted for.
The increase in gate receipts along with the successful “Build the Budget” campaign did enable the Club to support the management team with total first team costs increasing to just under £1.1 million, an increase of 14% on the prior season.
The overall operating loss (excluding amortisation and depreciation) was £36,201 against an initial budgeted loss of £195,000 that was approved at Wrexham Supporters’ Trust AGM in June 2017.
When including the “Build the Budget” initiative of £50,000, that was injected as share capital by Wrexham Supporters Trust, the overall trading position of the Club (excluding amortisation and depreciation) was positive for the second successive season.
The Balance Sheet at 30th June 2018 shows an increase in cash reserves held at the year end and the total investment by supporters had increased above £1 million within seven years of ownership.
Notice of Annual General Meeting
The seventh Annual General Meeting of Wrexham AFC Limited and the second Annual General Meeting of WST Assets Limited will both take place at the Centenary Club, The Racecourse Ground, Mold Road, Wrexham, LL11 2AH on Thursday, 11th April 2019 with a start time of 7:30 pm.
The Agenda for the evening will be as follows:
1. Welcome and introductions
2. Approval of minutes from the sixth annual general meeting of Wrexham AFC Limited and the first annual general meeting of WST Assets Limited
3. Presentation of financial statements
4. Update on current financial year performance
5. Financial question and answer session
6. Appointment of auditors
7. Presentation of financial statements for WST Assets Limited
8. Any other business, including a general question and answer session
The Annual General meeting is open to all paid up members of Wrexham Supporters Trust. We request that all members attending produce their membership cards on the evening to speed up entry.