A 12th-placed finish in the league, along with four of Charlton’s matches being screened live and a general increase in television revenue, all helped boost the turnover by £4.5m (€6.5m) from the previous year’s figure of £30.6 (€44m).

Chairman of Charlton Athletic plc Alan Murray reflected: “All of us on the board remain as passionate about the club as the rest of the club’s supporters.

“We want to continue with our growth of recent years and we want further success, but we also want to remain a club that stands for the good things in the game, with affordable pricing, strong family orientation and a firm community base.”

Alan Curbishley’s side are currently in fourth place and chasing a place in Europe next season.

“Expectation levels among some supporters will rise as we continue to build the club,” said Murray.

“I have often said in the past that while we may not be able to compete financially with Arsenal, Chelsea and Manchester United, we shall do our best to achieve whatever we can on and off the field.”

Improvements to The Valley, most notably the facilities and extra seating in the North Stand, also helped increase the income stream, while the south-east London club were proactive in seeking more sponsorship deals and expanding other commercial and retail opportunities, such as conference banqueting revenues.

The company’s overheads increased by 7% to £32.3m (€46.4m) due mainly to the improved squad and on-going site costs, while the overall net loss was down significantly from £10.7m (€15.4m) to £464,000 (€666,601).