Record breaking profit for Glovers

The Glovers' promotion to the Sky Bet Championship in 2013 was a key reason for their strong financial performance.

The club has reported that receipts for the year were up £4.4million, but there was also an increase in their outgoings, with player-related costs going up by £1.6million and operating costs climbing £2.5million.

Club chairman John Fry told the club's official website: "The figures have been greatly helped by the fact that there were no corporation tax charges due to accumulated historical losses, no share dividends have been paid and, because we no longer have a chief executive, those duties were shared between directors saving further overheads.

"On the pitch it was a great season for the supporters, playing for the first time in the second tier of the football pyramid we competed well against some of the biggest clubs in the country."