Saturday's Football Post says that costs were ₤3 million more than turnover with loan repayments and interest, player purchaes and other additions contributing to the total deficit.
Chairman Nigel Doughty loaned the club ₤6.4 million and despite the sales of Andy Reid and Michael Dawson this season a further loan is likely to be needed.
Finance director John Pelling confirmed: "After the bank have taken their 25% of player sales to reduce the debt, the club will still need more than ₤3 million of cash support from the chairman to fund the trading loss, plus interest and the purchases of Scott Dobie, David Friio, Jack Lester and Adam Nowland."