CHAIRMAN Ken Rae has revealed cash-strapped Kidderminster Harriers made a £120,00 cash loss during the 2013-14 season.

The revelation is ahead of what is set to be a feisty annual general meeting at the Aggborough Suite on Monday (7pm start).

The club is currently relying on benefactors Kath and Ernie Lane as they struggle to pay the club's sizeable monthly wage bill.

Harriers have made efforts to cut back, with manager Gary Whild wheeling and dealing in the January transfer window.

The club published their abbreviated accounts, which can be downloaded from the Companies House website for £1, this week.

It reveals that Kidderminster's current liabilities rose from £46,772 by the end of May 2013 to £198,517 a year later.

The club's debtors have also increased dramatically from £37,977 to £170,714 from the 2012-13 to the 2012-14 season.

But fans will be alarmed by the £120,000 loss Harriers made, which is in stark contrast to the £40,654 they lost in the previous financial year.

Harriers reached the FA Cup Fourth Round, a run which generated £125,000 in prize money, as well as a clash against Sunderland in the Stadium of Light which pocketed the club £60,000.

Harriers also sold Joe Lolley to Huddersfield for £250,000, which was paid in instalments.

But the club also had to pay off the likes of Steve Burr, Andy Thorn, James Dance and Lee Fowler last season and paid £10,000 to representatives Full Contact for free agent Freddie Ladapo.

Rae said: "The AGM will see the accounts adopted and then the floor is opened to shareholders who want to ask questions about the accounts.

"I must ask shareholders to bring share certificates in order to ensure their entry into the meeting.

"The club has made a cash loss of £120,000 last season but the amount was under written by Kath and Ernie Lane.

"Kath and Ernie continue to support the club by helping to pay a shortfall in the wages when needed but we are also up to date with our taxes."

The brewery debt to Marstons has also been reduced to £47,433.

Shares have increased to 4,341,997 and were valued at £2,170,999, rising £87,000.

Harriers are also in the process of planning for the 2015-16 season, with Whild set to learn his budget in March.

Unless new owners or investors are on the horizon, the manager is set for a budget which is set to be at least one third smaller than the current budget.

With the majority of the playing staff also out of contract, the club will also be able to radically reduce their wage bill.

The board of directors are also aiming to avoid the Hoo Road club's return to part-time status.

To download the club's abbreviated accounts click here.