Hereford United AGM this evening

The Hereford United Annual General Meeting takes place this evening.

The main business, as ever in an AGM, is to receive the report of the directors and accounts for the year ended last May. The club acheived a profit of £291,880 as reported on Bulls News last week.

Few details of the accounts have yet been revealed to supporters other than those who are shareholders.

For the second season running turnover was over £1M at £1,119,068 However operating profit was down to £176,775.

Turnover includes, amidst other receipts, gate revenue, season ticket sales, sponsorship, transfer fees and club shop sales.

The net figure for gate revenue was £14,000 lower than the previous year. This drop is not surprising as the average attendance in the season was 3068, down from the previous season. However in those figures it is interesting to note that season tickets sales rose from £70,367 to £125,229. Another improvement was in the club shop sales which rose from £40,271 to £66,709.

On the expense side there were much lower bank charges and other interest costs, just £2436 as opposed to £21,126. Otherwise expenses were much in line with the previous season.

Staff costs, including directors pay, rose to £615,202 from £543,780. However the figures incuded, on average through the year, one extra player.

One figure (£50,210 from £36,828) which is well up is the income from advertising boards around the ground.

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