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Sport

Dover Athletic's financial accounts revealed for year ending May 2021

By: Luke Cawdell lcawdell@thekmgroup.co.uk

Published: 12:00, 21 February 2022

Updated: 13:03, 21 February 2022

Dover Athletic's perilous financial state during the Covid pandemic is reflected in their latest accounts.

While making a modest profit in the year up to the end of May 2021, things would have been a lot worse had it not been for government grants, which have helped keep them afloat.

Dover Athletic chairman Jim Parmenter needed government funding to keep the club afloat Picture: Tony Flashman

From the job retention scheme the club received £264,869 during the financial year, in addition to the £127,803 from the 2020 accounts, making a total of £392,672 from the government scheme.

This time last year, February 2021, the club placed all management, players and staff on furlough "to safeguard the club's long-term future." Chairman Jim Parmenter said at the time it was a decision to prevent the club from becoming insolvent.

With players on furlough the club were unable to fulfil the remainder of their fixtures and were subsequently hit with a 12-point deduction and a £40,000 fine. That has left them up against it this season while also operating on a part-time basis to further reduce costs.

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Dover are bottom of the National League table and almost certain to be relegated, with just one win from 28 games so far. They are 35 points from safety with 16 games left.

The club's accounts also show they received a £12,000 "restart grant" while in the previous year the company claimed £25,000 from the small business grant fund.

As a result of the funding received, Dover managed to post a £109,000 profit over the year.

Despite the yearly profit the club still has total accumulated losses close to £2m, with a £1,947,444 deficit on the latest published accounts.

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